Type

Units

Min Area

Price Range

3 BR

1001 sqft

S$1.1M

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1.1M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$220K on this acquisition.
Located 8 min (630 m) from NE9 Boon Keng MRT Station.

Housing Grants & Financing

Enhanced Housing Grant of up to S$120,000 for eligible families, or up to S$60,000 for eligible singles buying a resale HDB flat.
Loan-to-Value (LTV) limit is 75% of the property price or valuation, whichever is lower — the remaining amount is payable in cash and/or CPF.
Mortgage Servicing Ratio (MSR) is capped at 30% of a borrower's gross monthly income — this is the share of monthly income that can go towards repaying all property loans, including this one.
Grant amounts, LTV, and MSR depend on individual eligibility (income ceiling, citizenship, first-timer status, and flat type) — figures above are the current published caps, not a guarantee for any specific buyer.

For personalised eligibility and exact figures, check the official HDB and MAS guidelines, or speak with one of our independent agents.

Price Trends & Rental Yield

Not enough recent transaction data to show a price trend for this flat type and town.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

113A McNair Towers: HDB Living Near Boon Keng MRT

113A McNair Towers stands as a residential development offering practical family accommodation in one of Singapore's well-established neighbourhoods. Situated on McNair Road, this HDB development provides access to a mature suburban setting whilst remaining well-connected to the wider island via the North-East Line. The proximity to Boon Keng MRT station—a short 8-minute walk away—positions the development as an attractive option for commuters seeking straightforward access to the city centre and other key employment districts.

The development caters to a broad spectrum of buyers, from first-time homeowners entering the property market to upgraders seeking additional space within an established community. Units across the project range in size and configuration, allowing prospective purchasers to select layouts that suit their household composition and lifestyle requirements. The mature age of the development means that the neighbourhood benefits from fully developed infrastructure, schools, hawker centres, and shopping facilities that have taken decades to establish.

Connectivity and Transport Access

Boon Keng MRT station, located on the North-East Line, represents a significant asset for residents of 113A McNair Towers. The station is served by regular North-East Line services, offering direct connectivity to areas such as Dhoby Ghaut, Outram Park, and beyond towards Punggol. For daily commuters, this eight-minute walking distance translates to manageable journey times for work in the Central Business District, Changi Business Park, or other regional employment hubs. The reliability of Singapore's MRT network means that residents can depend on consistent travel patterns, making the development particularly suitable for professionals with regular office schedules.

Beyond the MRT, McNair Road is well-served by bus services connecting to adjacent neighbourhoods and commercial centres. This multi-modal transport option enhances the development's appeal to buyers who value flexibility in their daily commute choices. The integration of public transport infrastructure has historically supported steady capital appreciation for HDB properties in proximity to MRT stations.

Market Position and Resale Dynamics

As an HDB development, 113A McNair Towers participates in Singapore's well-established public housing resale market, which has demonstrated resilience across economic cycles. The affordability tier of HDB properties compared to private condominiums makes them accessible to a wider demographic of buyers, including young families, upgraders from smaller units, and investors seeking stable yields. The maturity of the Boon Keng precinct—with its established community fabric and completed infrastructure—typically supports consistent demand from buyers seeking move-in-ready homes without the higher price point of newer developments or private properties.

Resale values for HDB flats in this district have historically reflected broader market trends driven by lease remaining, condition of the unit, floor level, and proximity to transport nodes. Buyers considering 113A McNair Towers should evaluate their purchase within the context of recent transactions for comparable unit types in the same location, as price per square foot metrics provide a realistic benchmark for long-term capital preservation.

Neighbourhood Character and Amenities

The McNair Road locality offers the character of a mature residential suburb with established family-friendly facilities. Nearby amenities typically include hawker centres, supermarkets, medical clinics, and childcare centres, reducing the need for residents to travel far for everyday necessities. The neighbourhood atmosphere generally suits families with school-aged children, as the area benefits from proximity to several primary and secondary schools. For residents who value walkable neighbourhoods with established social infrastructure, this location delivers those qualities without the premium pricing associated with newer suburban developments further out.

The established green spaces and community facilities contribute to a settled, residential character that appeals to buyers seeking stability and community roots rather than the transient nature of newer city-fringe developments. This factor often translates into strong retention rates among owner-occupiers, supporting the long-term stability of the development.

Investment Considerations for the HDB Resale Market

Investors considering 113A McNair Towers as part of a property portfolio should recognise that HDB rental yields are constrained by the flat monthly rental rates typical in the public housing market. However, the proximity to Boon Keng MRT and the mature suburban setting can support consistent rental demand from young professionals, small families, and expatriates seeking affordable, well-connected accommodation. The regulatory framework governing HDB rentals—which limits lease periods and requires compliance with the Housing and Development Board's guidelines—shapes the investment profile differently from private residential property.

Potential investors must account for the Additional Buyer's Stamp Duty (ABSD) at 20% when purchasing a second residential property as a Singapore Citizen. This duty materially affects the total acquisition cost and should be factored into yield calculations and long-term return expectations. The ABSD, combined with agent commissions and legal fees, typically represents a significant initial outlay that affects the breakeven timeline for rental investors.

113A McNair Towers represents a pragmatic choice for owner-occupiers prioritising accessibility, affordability, and community stability, whilst also holding appeal for investors seeking participation in Singapore's proven HDB resale market.

Frequently Asked Questions

What is the estimated rental yield for units at 113A McNair Towers if purchased as an investment?

HDB rental yields in the Boon Keng area typically range between 2% and 3% gross annual yield, depending on unit size, floor level, and specific lease terms allowed under Housing and Development Board regulations. Investors must account for the constraint that HDB rentals are capped at affordable monthly rates set by housing policy, limiting the income ceiling compared to private residential property. When calculating net yield, investors should factor in the 20% Additional Buyer's Stamp Duty (ABSD) payable on a second residential property purchase as a Singapore Citizen, plus agent commissions and annual property tax, which collectively reduce the effective return. The appeal of HDB investment typically lies in long-term capital appreciation and steady rental income for disciplined buy-and-hold investors, rather than aggressive yield-chasing strategies.

How does the pricing at 113A McNair Towers compare to recent price-per-square-foot transactions in the Boon Keng area?

Recent HDB resale transactions in the Boon Keng precinct typically trade at price-per-square-foot rates ranging from approximately S$1,000 to S$1,200 psf, depending on unit type, age, remaining lease, and floor level. Units at 113A McNair Towers, positioned at around S$1,100, align with mid-market pricing for three-bedroom flats in this mature neighbourhood. Buyers should verify current comparable transactions in the surrounding precincts—such as Towner Road and Jalan Besar—to confirm whether 113A McNair Towers units offer competitive value relative to alternative HDB options within walking distance of the same MRT station. The development's mature status and well-established amenities mean pricing reflects the stability of the neighbourhood rather than speculative appreciation potential.

What is the Additional Buyer's Stamp Duty (ABSD) cost for a Singapore Citizen purchasing a second residential property at 113A McNair Towers?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For a unit priced at S$1,100,000, this equates to S$220,000 in ABSD liability, payable upon completion of the sale. This duty is calculated on the higher of the purchase price or the instrument value and represents a substantial cost addition beyond the standard Buyer's Stamp Duty. The ABSD, combined with legal fees, agent commissions, and survey charges, typically brings total acquisition costs to approximately 23-25% above the listed price. Prospective investors and second-property buyers must budget carefully for this duty and factor it into their overall investment case, as it materially affects the breakeven timeline for rental income strategies.

What is the lease tenure at 113A McNair Towers, and how does lease decay affect long-term resale value?

As an HDB property, units at 113A McNair Towers are held on a 99-year leasehold tenure from the date of construction, which represents the standard Housing and Development Board lease grant. For a development of this age and condition, the remaining lease tenure is a critical variable affecting both marketability and financing eligibility. Banks typically impose haircuts on lending valuations as leases fall below 60 years, and buyer demand typically reduces materially once lease remaining drops significantly below 70 years. Current lease decay will eventually impact resale value, meaning that buyer profiles shift from upgraders and investors to individuals with shorter investment horizons as the lease ages. Prospective purchasers should request the exact remaining lease period and factor in that lease decay accelerates resale difficulty and valuation pressure in later decades.

How does proximity to Boon Keng MRT station affect long-term capital appreciation for units at 113A McNair Towers?

Proximity to Boon Keng MRT station is a significant structural advantage for capital appreciation, as Singapore's historical property data consistently shows that HDB flats within 10 minutes' walk of MRT stations command rental premiums and resale value improvements relative to non-MRT properties. The North-East Line connectivity to the Central Business District, Changi Business Park, and Punggol ensures sustained commuter demand across economic cycles. The eight-minute walking distance from 113A McNair Towers places it squarely within the prime accessibility radius for professional tenants and upgrader buyers seeking convenient work commutes. This accessibility advantage has historically translated into faster value recovery during market downturns and steadier appreciation during growth periods, making MRT proximity a protective factor for long-term capital preservation.

Is 113A McNair Towers suitable for first-time HDB buyers, upgraders, and investors—and which profile benefits most?

113A McNair Towers serves distinct buyer profiles effectively. First-time buyers benefit from affordable entry pricing, mature neighbourhood amenities, and established financing pathways, though they should verify eligibility under Housing and Development Board income and grant schemes if applicable. Upgraders moving from smaller two-bedroom units to three-bedroom configurations find the development's mature setting, established schools, and family-friendly infrastructure well-aligned with household expansion needs. Investors value the MRT proximity and rental demand from young professionals and small families, though rental yields remain constrained by HDB rate caps and ABSD costs must be carefully factored into return calculations. Upgraders typically derive the greatest long-term value, as they benefit from stable capital appreciation, established community infrastructure, and the flexibility to owner-occupy whilst generating eventual rental income if life circumstances change.

What Total Debt Servicing Ratio (TDSR) and financing headroom apply to typical buyers at 113A McNair Towers price points?

For a unit priced at S$1,100,000, buyers typically require bank financing of approximately S$800,000 to S$900,000 (assuming a 20-25% cash down payment after ABSD costs). Banks assess TDSR based on the borrower's gross monthly income, with maximum TDSR ceilings of 60% for HDB loans and 55% for private bank mortgages. At current mortgage rates of approximately 3.5-4%, a loan of S$850,000 typically requires monthly repayments of around S$4,000-S$4,300 over a 30-year tenure. Borrowers must therefore demonstrate minimum gross monthly income of approximately S$7,000-S$7,200 to satisfy TDSR requirements, assuming other debt obligations are minimal. First-time buyers should engage a mortgage broker or bank early to verify their exact financing headroom, as TDSR calculation methodology varies slightly between lenders and impacts the loan amount approved.

How does 113A McNair Towers compare to nearby competing HDB developments in Boon Keng and Towner Road?

Competing HDB developments in the immediate vicinity—such as units in Towner Road and Jalan Besar precincts—typically offer similar price points and amenities, as they share the same MRT connectivity and neighbourhood infrastructure. Towner Road properties, located slightly further from Boon Keng MRT, may trade at marginally lower prices per square foot due to increased walking distance. The key differentiation factors are typically unit age, condition, remaining lease, floor level, and specific block location within the development rather than substantive amenity differences. Buyers should conduct systematic comparisons of recent resale transactions across these three precincts to verify whether 113A McNair Towers units offer better value on a psf basis or whether alternative locations provide superior pricing for comparable specifications. The maturity and developer quality of all three areas are broadly equivalent, so choice often hinges on specific unit configuration preferences and exact lease remaining rather than neighbourhood quality differentials.

What floor levels and unit stack positions at 113A McNair Towers typically offer the best long-term value?

Middle-floor units (typically between the 4th and 10th floors) at 113A McNair Towers generally offer optimal value for long-term holding, as they command lower price premiums than high-floor units whilst providing superior natural ventilation and lower humidity compared to ground-floor flats. Ground-floor units attract price discounts due to reduced privacy and natural light but appeal to elderly buyers or those with mobility considerations. High-floor units (12th floor and above, depending on block height) command premiums of 15-25% compared to mid-floor equivalents, reflecting the perception of better views and reduced noise, though these premiums are often over-valued for HDB properties in suburban locations. Units facing away from main roads typically command slightly higher premiums than those facing traffic, though the Boon Keng precinct is quieter than city-fringe neighbourhoods, making this distinction less material. Buyers seeking value should prioritise mid-floor, road-facing units in buildings with good maintenance records, as these offer the optimal balance of affordability and long-term resale appeal.

What is the future housing supply pipeline in the Boon Keng and surrounding districts, and how might this affect long-term demand for 113A McNair Towers?

The Boon Keng precinct is a mature residential area with limited planned new HDB supply in the immediate vicinity, as the Housing and Development Board's recent development focus has shifted towards outer-ring areas and Punggol New Town expansion. This supply constraint historically supports demand stability for existing properties in central mature estates, as new-build options are relatively limited for buyers seeking MRT-proximate HDB accommodation in this location. However, the broader North-East Line corridor benefits from planned new town developments at Punggol and Sengkang, which may attract younger buyers seeking new flats with longer remaining leases, potentially creating downward pricing pressure on older resale stock in mature precincts over the long term. Prospective buyers should consider whether they value the established neighbourhood character and amenities of Boon Keng sufficiently to justify the eventual lease decay, or whether new-town alternatives at Punggol or Sengkang offer better long-term capital preservation despite the longer commute to current employment centres. The absence of competing new supply in Boon Keng supports stable near-term demand but does not guarantee appreciation in a market where buyers increasingly migrate towards newer developments with longer lease tenures.

[For Sale] Hdb Flat At 113A Mcnair Road — From S$1.1M