We present a non-perturbative determination of the renormalization factor Z_S
of the scalar density in quenched QCD with overlap fermions. Results are
obtained at four values of the lattice spacing. By combining Z_S with results
for the low-energy constant Sigma we are able to compute the renormalization
group invariant scalar condensate in the continuum limit with a total accuracy
of 7%, excluding dynamical quark effects. Our result translates to
Sigma_msbar(2 GeV)=(285+/-9 MeV)^3 if the scale is set by the kaon decay
constant. We have also performed scaling studies of the pseudoscalar decay
constant and the vector mass. Our results indicate that quantities computed
using overlap quarks exhibit excellent scaling behaviour, with small residual
lattice artifacts.Comment: 15 pages, 7 figure