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Lucida

by Novelty Organisation Pte Ltd
πŸ“ 2 Suffolk Road
NOW SELLING CCR Apartment Freehold 1/62 units left TOP 2011 ⚑ High Exclusivity: Only 1 of 62 units remaining πŸ† Prime Prestige Address
Indicative Starting From
From $1,020,000
Indicative launch estimate · Subject to confirmation
1 - 5Bedrooms
624–3854 sqftSizes
FreeholdTenure
2011TOP Year
62 UnitsTotal
98% Sold1 Left
62 Lots (1:1)Car Park Lots

πŸ“Š Land Economics & Sales Performance

GLS land tender valuation and current sales take-up for Lucida.

Land Rate (GLS)
Freehold Prime Land
Developer acquisition cost
Current Status
NOW SELLING
Officially Launched & Available
Sales Progress
98% Sold (1 units left)
Based on developer inventory & URA caveats
Pricing Benchmark
$1,638 PSF
Transacted URA Caveats Benchmark
πŸš†
667m (8 min walk) to Novena MRT (NS20)
CondoWatch Intelβ„’

Independent Investment & Valuation Analysis

Objective algorithmic evaluation grounded in transacted URA caveats and land economics.

ANALYST VERDICT

Lucida is a freehold boutique project in D11 that has already achieved 98% sales, but its 2011 TOP and limited transaction data suggest a resale-focused opportunity rather than a new launch, with entry PSF below the district average but potential maintenance and liquidity risks.

βœ“ Key Strengths & Upside
  • β€’ Freehold tenure in District 11 (CCR) provides long-term land value preservation, contrasting with 99-year leasehold decay in the area.
  • β€’ Average transacted PSF of $1,638 is below the typical D11 new launch benchmark of $2,500–$3,000 PSF, offering a potential value entry for buyers.
  • β€’ Only 1 unit remains unsold out of 62, indicating strong developer sales and a ready secondary market with 12 caveats recorded.
  • β€’ Unit sizes range from 624 to 3,854 sqft, catering to both investors (smaller units) and families (larger units) in a low-density project.
! Prudent Risks & Watch-Outs
  • β€’ TOP in 2011 means the project is over a decade old; buyers should budget for renovation and potential maintenance issues typical of aging developments.
  • β€’ With only 12 caveats and 1 unit left, transaction volume is thin, which may lead to wider bid-ask spreads and longer resale timelines.
  • β€’ Transit and school details are pending; without confirmed MRT proximity or 1km priority for popular primary schools, rental demand and family appeal may be limited.
Ideal Buyer Profile

A resale buyer or investor seeking freehold entry in D11 with a budget of $1M–$5M, willing to accept a 10+ year old unit and a holding period of 5–10 years for capital appreciation, rather than a family needing immediate school or MRT access.

Exit Strategy & TOP Horizon

Resale liquidity may be moderate due to the small unit count and age, but freehold status in CCR should attract long-term investors. Rental yield could buffer holding costs if the unit is leased, but capital preservation depends on upcoming area rejuvenation and overall market cycle, with no new launch premium to rely on.

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Quick Take

  • Lucida trades at $1,638psf, 29% below the D11 average of $2,291psf.
  • πŸŽ“ St. Joseph'S Institution Junior is within 376m (5 min walk).
  • Best suited to long-term legacy holders who value a lease that won't decay; buyers wanting exclusivity in a tightly-held development; prestige-district buyers prioritising address and top-tier schools.

⚑ High Exclusivity

Only 1 of 62 units remaining.

98% Sold

Based on the latest developer sales balance update.

Lucida Unit Mix & Indicative Pricing

Based on transacted URA caveats for this project β€” not an official developer price list.

TypeSizeTransactionsAvg PSFAvg Price
1 BedroomMost traded 624 sqft 5 $1,691 $1,055,978
3 Bedroom 1066 sqft 3 $1,618 $1,723,667
3 Bedroom 1098 sqft 2 $1,629 $1,788,000
4 Bedroom 1324 sqft 1 $1,789 $2,368,000
Penthouse 3854 sqft 1 $1,298 $5,000,000

πŸŽ“ Primary 1 School Catchment near Lucida (MOE 1km & 2km)

Official MOE Primary 1 registration priority zones calculated from OneMap geospatial data.

Phase 2C Priority Within 1 km (3 Schools)
  • St. Joseph'S Institution Junior Highest Balloting Priority
    376m Β· 5 min
  • Anglo-Chinese School (Junior) Highest Balloting Priority
    684m Β· 9 min
  • Farrer Park Primary School Highest Balloting Priority
    700m Β· 9 min
Phase 2C Supplementary 1 km – 2 km (2 Schools)
  • Anglo-Chinese School (Primary)
    1111m Β· 14 min
  • St. Margaret'S School (Primary)
    1187m Β· 15 min

Other Nearby Schools & Institutions (Secondary, JC & Mixed Level)

  • Anglo-Chinese School (Barker Road) Secondary (S1-S5) 1156m Β· 14 min
  • Northlight School Secondary (S1-S4) 1317m Β· 16 min
  • Catholic Junior College Junior College 1560m Β· 19 min

Singapore MOE Primary 1 registration prioritises homes within 1 km (Phase 2C Priority) and within 1–2 km (Phase 2C Supplementary). Sourced from official OneMap MOE registries.

Lucida Location, Transit & Neighbourhood Amenities

Nearby MRT Stations

  • NS20 Novena 667m Β· 8 min
  • NS21 DT11 Newton 787m Β· 10 min
  • NE7 DT12 Little India 982m Β· 12 min
  • NE8 Farrer Park 1113m Β· 14 min
  • DT13 Rochor 1478m Β· 18 min
  • DT22 Jalan Besar 1560m Β· 19 min

Nearby Malls

  • United Square327m
  • Novena Square615m
  • Balestier Hill Shopping Centre1257m
  • Mustafa Centre1262m
  • City Square Mall1355m
  • The Centrepoint1455m

Supermarkets

  • Cold Storage295m
  • Fairprice520m
  • Mmmm!615m
  • Cold Storage615m
  • Fairprice662m
  • Don Don Donki662m

Straight-line distances, sourced from OneMap. Approximate β€” actual walking routes may differ.

Lucida Master Plan & Location Map

Lucida and MRT stations within walking distance.

Lucida Mortgage & Affordability Calculator

Indicative monthly instalment β€” adjust the rate to match your bank's package.

Max 75% for a first housing loan, tenure ≀30yr not past age 65.
Indicative only β€” actual rates depend on lender, profile and TDSR.
Estimated Monthly Instalment
S$ 0
Loan: β€”
Down payment: β€”
Estimates only. Down payment shown as total β€” cash vs CPF split varies. Consult a mortgage advisor for binding figures.

Stamp Duty & Affordability

Indicative BSD/ABSD payable and a TDSR affordability check.

Car loans, personal loans, other mortgages, credit card min. sums, etc.
Buyer's Stamp Duty (BSD)
S$ 0
Additional Buyer's Stamp Duty (ABSD)
S$ 0
Total stamp duty: β€”
TDSR: β€”
β€”
Indicative only, based on IRAS BSD/ABSD rates and MAS's 55% TDSR threshold. Actual duties/eligibility depend on your full financial profile β€” consult a conveyancing lawyer or mortgage advisor.

Lucida URA Transaction History & PSF Trends

Caveat transactions filed with URA for this project.

Avg PSF by Floor Level

Low Floor (1–5)
$1,652 psf
1 txn
Mid Floor (6–15)
$1,653 psf
6 txns
High Floor (16+)
$1,617 psf
5 txns
Date Floor Size (sqft) Size (sqm) Price PSF PSM Type Sale
Oct-25 01-05 1066 99 $1,760,000 $1,652 $17,778 Strata Resale
Oct-25 06-10 1098 102 $1,788,000 $1,629 $17,529 Strata Resale
Dec-24 16-20 1324 123 $2,368,000 $1,789 $19,252 Strata Resale
Aug-24 06-10 624 58 $1,065,000 $1,706 $18,362 Strata Resale
Sep-23 11-15 624 58 $1,086,000 $1,740 $18,724 Strata Resale
May-23 11-15 624 58 $1,028,888 $1,648 $17,739 Strata Resale
Oct-22 21-25 624 58 $1,020,000 $1,634 $17,586 Strata Resale
Jul-22 21-25 3854 358 $5,000,000 $1,298 $13,966 Strata Resale
Jul-22 16-20 1066 99 $1,741,000 $1,634 $17,586 Strata Resale
Feb-22 06-10 1066 99 $1,670,000 $1,567 $16,869 Strata Resale
Dec-21 11-15 1098 102 $1,788,000 $1,629 $17,529 Strata Resale
Dec-21 16-20 624 58 $1,080,000 $1,730 $18,621 Strata Resale
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Frequently Asked Questions about Lucida

Key facts, pricing benchmarks, closest MRT connectivity, and Primary 1 school registration details.

What is the price and average PSF of Lucida?

Units at Lucida have indicative prices starting from From $1,020,000, with transacted URA caveats averaging $1,638 PSF. Official prices vary depending on stack, floor level, and layout configuration.

Which MRT station is closest to Lucida?

The nearest MRT station to Lucida is Novena MRT (NS20), located approximately 667m (8 min walk) from the development.

What is the tenure and estimated TOP date for Lucida?

Lucida is a Freehold Apartment development with an estimated Temporary Occupation Permit (TOP) date of 2011.

Who is the developer of Lucida?

Lucida is developed by Novelty Organisation Pte Ltd.

Which primary schools are within 1km of Lucida?

Under Singapore MOE Primary 1 registration (Phase 2C priority), primary schools situated within the 1km radius include: St. Joseph'S Institution Junior, Anglo-Chinese School (Junior), Farrer Park Primary School.

Where can I get the official floor plans and e-brochure for Lucida?

You can download the official floor plans, unit mix breakdown, and developer e-brochure directly on CondoWatch.sg via the E-Brochure request form.

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