Lucida (D11), Apartment - For Sale

What’s Your Maximum Risk Buying a Freehold Condo in Novena?

Today, we’re looking at Lucida, a freehold condo near Novena.

Lucida, Singapore
• 624 sqft
• Freehold
• Approx. purchase price: $1.13M
• 653m to Novena MRT
• 803m to Newton MRT
• 281m to Cold Storage @ United Square

Financing at 75% loan
Loan: $847,500
Tenure: 25 years
Interest: 1.6%
Monthly instalment: ≈ $3,429

Average rental: ≈ $3,297/month

But here’s the more important number: Maximum Risk.

Assuming you buy at $1.13M, hold for 10 years and sell at exactly $1.13M — meaning ZERO capital appreciation — my Honest Calculator estimates the 13 costs of buying, holding and selling this property at approximately:

$1,966/month

This already factors in costs such as:
• $100,000 renovation
• Bank interest
• Buyer’s Stamp Duty
• Property tax & maintenance
• 2% selling agent fee
• And the other ownership costs calculated over the holding period

So instead of only asking:

“How much can this property appreciate?”

I prefer to ask:

“If it DOESN’T appreciate, what is my maximum risk?”

That’s another way to look at property investment in Singapore — understand the downside first, before looking at the upside.