Type

Units

Min Area

Price Range

3 BR

1001 sqft

S$1.1M

Property Highlights

HDB development with 2 units 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 in Boon Keng

Situated along McNair Road, 113A McNair Towers represents an established housing development serving the broader Boon Keng residential precinct. The project comprises multiple units spanning different configurations, offering prospective buyers and investors a selection of options within this mature neighbourhood. With units available from competitive price points, the development attracts a cross-section of purchasers, from first-time buyers seeking entry into homeownership to experienced investors building diversified portfolios.

The development's strategic positioning places residents approximately eight minutes' walk from Boon Keng MRT Station, situated on the Northeast Line. This proximity to reliable public transport infrastructure significantly enhances daily commuting flexibility and connectivity across Singapore's metropolitan region. The station's central location on the Northeast Line provides direct access to major employment hubs, educational institutions, and leisure destinations, making the development particularly attractive for working professionals and families requiring efficient transport networks.

Location and Neighbourhood Character

The Boon Keng area represents a well-established residential zone characterised by a mix of HDB developments, local amenities, and mature greenery. McNair Road itself forms part of this stable community fabric, with the development benefiting from proximity to hawker centres, retail establishments, and essential services. The neighbourhood has evolved organically over decades, resulting in a settled character that appeals particularly to families seeking stability and community integration rather than newly developed precincts.

Local amenities within convenient walking or short transport distances include diverse dining options, supermarkets, and everyday shopping facilities. The area's maturity means that essential services—medical clinics, educational facilities, and administrative offices—remain readily accessible. For residents prioritising neighbourhood familiarity and established community networks, Boon Keng offers distinct advantages over newer, emerging precincts.

Development Composition and Unit Offerings

113A McNair Towers encompasses a variety of unit configurations designed to accommodate different household compositions and lifestyle requirements. The development's portfolio spans multiple bedroom categories, allowing prospective purchasers to identify properties aligned with their specific spatial needs and financial parameters. Whether seeking compact layouts suitable for couples and small families or larger configurations serving multi-generational households, the project presents diverse options across its current inventory.

Unit sizes demonstrate variation in floor area, ranging across different specifications to suit varied preferences. Pricing across the development reflects these variations in configuration, location within the block, and tenure considerations. Prospective buyers evaluating the development should assess their individual requirements against available unit characteristics, considering factors such as natural light exposure, internal layout flow, and proximity to lift lobbies when comparing options.

Tenure and Legal Framework

Units within the development operate under Singapore's HDB regulatory framework, which governs ownership conditions, resale eligibility, and long-term value stability. The tenure structure provides clarity regarding occupancy rights and investment horizons for purchasers. Understanding the specific tenure terms applicable to individual units remains essential for long-term planning, particularly for investors calculating holding periods and exit strategies.

Prospective buyers should familiarise themselves with HDB regulations governing resale eligibility, minimum occupation periods, and succession planning. These frameworks differ fundamentally from private property ownership and carry implications for liquidity, financing accessibility, and intergenerational wealth transfer. First-time buyers particularly benefit from comprehensive understanding of these regulatory environments before committing capital.

Investment and Financial Considerations

For investors evaluating 113A McNair Towers as an acquisition opportunity, several financial metrics warrant careful analysis. The development's established location, proximity to MRT infrastructure, and mature neighbourhood status position it within certain investment yield parameters. Prospective investor-purchasers should conduct thorough due diligence regarding rental demand within the Boon Keng area, typical tenant profiles, and realistic yield expectations based on current market conditions and unit configurations.

Financing accessibility for HDB properties differs materially from private residential acquisitions. Prospective buyers should engage with financial institutions early in the purchasing process to establish borrowing capacity, understand applicable loan-to-value ratios, and clarify documentation requirements. The development's HDB status generally provides straightforward financing pathways for owner-occupiers, though investors may encounter additional scrutiny regarding investment suitability assessments.

Transport and Metropolitan Connectivity

The eight-minute proximity to Boon Keng MRT Station positions residents within highly effective transport networks. The Northeast Line itself serves as a critical arterial corridor connecting multiple precincts and major employment centres. This accessibility supports both daily commuting functionality and broader metropolitan integration, factoring significantly into long-term capital appreciation and tenant demand dynamics for investor-owned units.

Beyond the primary MRT station, residents benefit from complementary transport options including bus networks and future infrastructure development plans affecting the broader district. The development's location along established transport corridors reduces vulnerability to future disruption and maintains consistent accessibility regardless of evolving urban patterns.

Market Positioning and Comparable Context

Within the broader HDB market landscape, 113A McNair Towers occupies a position reflecting its mature tenure, established neighbourhood status, and proven rental demand characteristics. The development competes within a market segment encompassing comparable HDB blocks across the Boon Keng precinct and adjacent residential areas. Prospective purchasers benefit from comparing unit offerings across multiple developments to establish relative value positioning and identify optimal acquisition timing.

Recent transactional data across comparable Boon Keng properties provides context for evaluating development pricing. Price per square foot metrics within the immediate precinct offer quantifiable benchmarks for assessing whether individual units present compelling value propositions relative to competing alternatives. Systematic comparison across multiple developments supports informed decision-making and optimal capital deployment.

Suitability for Diverse Buyer Profiles

The development's multi-unit composition and varied configurations render it suitable for distinctly different purchaser categories. First-time buyers seeking entry into property ownership benefit from the development's established character, transparent HDB regulatory environment, and accessible pricing points. Young families requiring space for children and domestic establishment find appropriate configurations within the project's portfolio.

Experienced investors recognise the development's stable characteristics, proven rental yields within the Boon Keng precinct, and capital appreciation potential supported by enduring location fundamentals. Upgraders transitioning from smaller units into more spacious configurations equally identify suitable options across the development's range. This diversity of applicability across multiple buyer segments underscores the development's broad market relevance and sustained demand dynamics.

Future Considerations and Planning Horizons

Prospective purchasers should consider the development's position within Singapore's evolving urban landscape and long-term planning frameworks. The Boon Keng area, being mature and fully developed, experiences limited new supply additions, supporting relatively stable capital values. Understanding district-level planning policies, potential infrastructure enhancements, and demographic trends informs realistic appreciation expectations over extended holding periods.

The development's established status means that future value drivers tend toward incremental improvements and sustained demand maintenance rather than transformative urban renewal. This stability appeals to conservative investors and owner-occupiers prioritising predictability over speculative appreciation potential. Buyers should assess the development within their personal investment timelines and capital allocation strategies, recognising that mature HDB assets typically deliver steady returns rather than exponential growth.

Frequently Asked Questions

What rental yield might an investor realistically expect from purchasing a unit at 113A McNair Towers?

Rental yield at 113A McNair Towers typically ranges between 3–5% annually for investor-owned units, depending on specific unit configuration, floor level, and current market conditions within the Boon Keng precinct. The development's mature neighbourhood status and proximity to Boon Keng MRT Station support consistent tenant demand, particularly from working professionals and small families seeking convenient transport access. Prospective investor-purchasers should conduct localised rental surveys within the immediate area to validate yield assumptions against current tenant preferences, lease durations, and seasonal market fluctuations. Engaging property management specialists familiar with the Boon Keng rental market provides additional context for projecting realistic income expectations over extended holding periods.

How does pricing at 113A McNair Towers compare to recent per-square-foot transactions across Boon Keng?

Unit pricing across 113A McNair Towers reflects current market conditions within the Boon Keng HDB precinct, where per-square-foot valuations have stabilised around established benchmarks reflecting the area's mature tenure and transport accessibility. Recent transactional data across comparable HDB blocks within the district provides quantifiable reference points for evaluating whether individual units at 113A McNair Towers present competitive value relative to neighbouring developments. Prospective purchasers should obtain independent transaction records from the HDB Resale Statistics archives to establish precise per-square-foot comparables, then evaluate individual units against these established baselines. Price variations within the development typically correlate with unit size, floor level, internal configuration, and remaining lease tenure, requiring granular comparison rather than blanket assessment.

What Additional Buyer's Stamp Duty implications apply if I purchase a second residential property at 113A McNair Towers as a Singapore Citizen?

As a Singapore Citizen acquiring a second residential property, you would incur Additional Buyer's Stamp Duty (ABSD) at the rate of 20% on the purchase price, calculated above the standard buyer's stamp duty obligations. This substantial additional cost materially increases total acquisition expenses and should factor prominently into investment analysis and financing calculations. For example, purchasing a unit valued at S$500,000 would attract ABSD of S$100,000, significantly impacting cash-on-cash returns and breakeven timelines. Prospective second-property purchasers should engage with qualified tax advisors to understand the complete ABSD impact, explore potential exemptions or reliefs applicable to their specific circumstances, and model the effect on overall investment returns when comparing 113A McNair Towers against alternative deployment opportunities.

For an older HDB development like 113A McNair Towers, what lease decay risk exists and how does this affect resale value?

HDB leases at 113A McNair Towers operate either on freehold or 99-year/999-year terms, each carrying distinct implications for long-term value retention. Units with remaining lease periods approaching sixty years begin experiencing measurable resale value decline as buyer financing accessibility contracts and investment appeal diminishes. The development's current lease status should be verified against individual unit specifications, as tenure represents one of the most material factors influencing capital appreciation and future liquidity. Prospective purchasers should engage with financial institutions to understand how remaining lease length affects current borrowing capacity and anticipate potential challenges when eventually reselling units with significantly reduced lease periods. Professional valuation firms familiar with HDB lease decay patterns provide essential guidance for investors making long-horizon capital decisions.

How does proximity to Boon Keng MRT Station influence property demand and capital appreciation at this development?

Immediate MRT proximity represents one of the most significant demand drivers for 113A McNair Towers, with the eight-minute walk to Boon Keng Station positioning residents within optimised commuting networks connecting major employment clusters, educational institutions, and leisure precincts across Singapore. This accessibility supports sustained tenant demand for investor-owned units and maintains competitive positioning against developments lacking comparable transport integration. The Northeast Line's central role within the metropolitan transport hierarchy ensures long-term demand resilience regardless of future urban development patterns, insulating the development from stranded asset risk. Capital appreciation at this development correlates strongly with broader HDB market appreciation within well-serviced transport precincts, with historical data demonstrating that properties near established MRT stations maintain value stability more effectively than distant alternatives facing transport accessibility challenges.

Which buyer profiles—first-timers, upgraders, HNW investors—would find 113A McNair Towers most suitable?

First-time buyers benefit substantially from the development's transparent HDB regulatory framework, accessible entry pricing points, and established neighbourhood infrastructure supporting straightforward homeownership pathways. Upgraders transitioning from smaller configurations into more spacious layouts identify appropriate options across the project's multi-unit portfolio, leveraging equity from previous properties toward expansion within the same proven precinct. HNW investors evaluating stable, lower-volatility asset classes recognise the development's consistent characteristics, proven rental demand, and capital-preservation attributes aligned with diversification strategies prioritising steady returns over speculative appreciation. Young families establishing residential foundations equally favour the development's maturity, established community networks, and proximity to educational facilities supporting multi-generational stability. The development's broad suitability across these distinct buyer segments reflects its balanced positioning within the broader residential market landscape.

What TDSR headroom and financing capacity should I anticipate at typical 113A McNair Towers price points?

Total Debt Servicing Ratio (TDSR) constraints limit borrowing capacity to approximately 55% of gross monthly income for HDB buyers, calculated across all outstanding obligations including the mortgage on 113A McNair Towers. At typical development pricing points, prospective purchasers should model monthly mortgage servicing costs using current interest rates and verify that resulting debt service obligations remain comfortably below TDSR thresholds, maintaining financial flexibility for discretionary spending and unexpected circumstances. Financial institutions assess loan eligibility based on individual income documentation, existing debt obligations, and employment stability, meaning financing capacity varies materially across purchaser profiles. First-time buyers should engage lenders early in the acquisition process to establish precise borrowing limits, understanding that TDSR calculations may constrain total facility size below perceived affordability levels. Professional mortgage brokers familiar with HDB financing provide essential guidance for optimising loan structures within regulatory constraints.

How does 113A McNair Towers compare to competing HDB developments in the Boon Keng precinct?

The Boon Keng residential precinct encompasses multiple established HDB blocks developed across different periods, each offering distinct characteristics regarding unit configurations, block layouts, and amenity accessibility. 113A McNair Towers competes directly with these neighbouring developments, with differentiation primarily reflecting specific unit availability, internal floor plan quality, and proximity to local amenities including hawker centres and retail establishments. Prospective purchasers should systematically visit multiple competing developments within the precinct, comparing unit layouts, maintenance conditions, and overall estate management standards to establish relative positioning. Per-square-foot pricing analysis across several comparable blocks provides quantifiable benchmarks for evaluating whether 113A McNair Towers units present superior value or premium positioning reflecting specific desirable characteristics. Market maturity across the Boon Keng precinct means that price differentiation between competing blocks remains relatively modest, with value distinctions emerging primarily from individual unit configuration quality and specific floor-level positioning rather than fundamental development-level attributes.

Which floor levels or unit stacks at 113A McNair Towers offer optimal value and demand characteristics?

Mid-level units positioned between the fifth and fifteenth floors typically command optimal value positioning, balancing desirable natural light exposure and city vistas against the price premiums attaching to higher elevations. Lower ground-floor units often experience pricing discounts reflecting reduced natural light and potential noise exposure from lift traffic and lobby activity, presenting acquisition opportunities for value-conscious purchasers willing to prioritise financial savings over premium positioning. Corner units across all floor levels command modest premiums reflecting superior natural light and ventilation characteristics, though these cost differentials often prove less pronounced in mature HDB developments than in newer private residential projects. Investor-purchasers should prioritise unit configurations supporting consistent rental appeal across diverse tenant preferences rather than pursuing premium locations with narrow applicability to specific demographic segments. Prospective buyers evaluating multiple unit options should visit each individually, assessing internal light quality, ventilation patterns, and overall spatial flow during site visits before finalising selections.

What future supply pipeline exists in the Boon Keng district that might affect capital appreciation at 113A McNair Towers?

The Boon Keng precinct, being fully developed across its designated land area, faces limited prospects for substantial new HDB supply additions within the immediate district boundaries. Singapore's Housing Development Board focuses new construction efforts within designated growth zones rather than infill development within mature precincts, meaning supply constraints within Boon Keng should remain relatively stable. This structural supply limitation supports capital value stability for existing developments including 113A McNair Towers, as new competitive supply unlikely to materialise. However, prospective purchasers should monitor Urban Redevelopment Authority planning documents and HDB project announcements for potential estate regeneration or enhancement initiatives affecting broader district characteristics. Long-term capital appreciation at the development correlates primarily with maintenance of neighbourhood desirability and transport infrastructure value rather than supply-side scarcity, given the HDB sector's policy-driven supply management. Understanding that mature HDB assets typically appreciate modestly but consistently, investor-purchasers should align return expectations with these realistic fundamentals rather than pursuing speculative appreciation scenarios.

Hdb Flat At 113A Mcnair Road — From S$1.1M