Type

Units

Min Area

Price Range

3 BR

926 sqft

S$869K – S$880K

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$869K to S$880K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$174K on this acquisition.
Located 7 min (610 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.

108C McNair Road: A Mature HDB Development in Kallang's Heart

108C McNair Road stands as an established Housing and Development Board property positioned within one of Singapore's most well-connected residential districts. Located in Kallang, this development benefits from decades of infrastructure investment and neighbourhood consolidation that characterise Singapore's mature public housing estates. The property sits comfortably within the broader Kallang constituency, an area recognised for its balanced mix of residential amenities, transport infrastructure, and proximity to key employment corridors across the island.

Accessibility forms a cornerstone advantage for residents at this address. The nearest Mass Rapid Transit station, Boon Keng on the North-East Line (NE9), lies approximately 610 metres away—roughly a seven-minute walk through established pathways. This proximity to rail transport enables seamless connectivity to Singapore's primary business districts, including the Central Business District via direct line service, as well as secondary employment hubs in Paya Lebar and beyond. For commuters reliant on public transport, this accessibility significantly enhances quality of life and reduces overall household transport expenditure compared to locations further from MRT stations.

Market Position and Pricing Context

Units within this development are priced from S$880,000, positioning them within the accessible segment of Singapore's HDB resale market. This price point reflects the maturity of the estate, its established neighbourhood character, and the considerable savings homebuyers achieve relative to comparable new HDB launches or private residential alternatives in Central Region locations. The quantum represents fair value for purchasers seeking immediate occupation in a well-serviced area rather than waiting for Build-to-Order completion timelines or accepting significantly higher private property acquisition costs.

Recent market transactions within Kallang demonstrate steady demand for HDB flats in this district, with price per square foot levels reflecting the area's enduring appeal to both owner-occupiers and investors. The development's proximity to Boon Keng MRT, combined with the mature estate's comprehensive amenity provision, supports resilient capital values compared to more peripheral HDB locations. Purchasers evaluating 108C McNair Road should contextualise pricing within district-wide transaction data to understand competitive positioning and realistic capital growth prospects over a five to ten-year holding period.

Layout and Space Configuration

Three-bedroom configurations dominate the available inventory at this development, with unit sizes approximately 926 square feet. This floor area comfortably accommodates growing families, empty-nesters seeking extra space for home offices or guest accommodation, and investors targeting the rental market where three-bedroom demand remains robust. The layout balance between living, sleeping, and utility spaces reflects HDB design principles refined across thousands of completed estates, maximising practical usability whilst maintaining efficient construction standards.

Two bathrooms per unit represent a practical standard that facilitates multiple household routines simultaneously, reducing morning congestion in family homes and increasing property appeal to tenant pools during rental periods. Space efficiency at this square footage remains superior to many older HDB generations, positioning these units competitively within the district's available stock when compared to estates constructed prior to the 2000s.

Transport Connectivity and Neighbourhood Character

The North-East Line connection via Boon Keng MRT establishes this development within Singapore's most strategically important transit corridor. The line extends from Punggol in the north-east through Serangoon and Dhoby Ghaut to the city centre, providing direct access to major employment zones, shopping districts, and educational institutions. Residents benefit from typical North-East Line frequencies of 3–4 minutes during peak hours, enabling efficient commuting patterns that support both career advancement and work-life balance considerations.

Beyond rail connectivity, Kallang's established character encompasses neighbourhood shops, hawker centres, markets, and community facilities accumulated across decades. The mature estate environment appeals particularly to purchasers who prioritise walkable local communities over greenfield development promises. Sports facilities, family service centres, and educational institutions cluster throughout the district, creating an integrated residential ecosystem rather than the isolated amenity provision sometimes characteristic of newer peripheral estates.

Investment Considerations and Rental Potential

Investors evaluating 108C McNair Road should recognise that three-bedroom HDB units command consistent rental demand across Singapore, with Kallang's central location particularly attractive to tenants commuting to city-centre employment. Rental yields for HDB properties in this district typically range between 3–4% depending on tenant profile and unit condition, supporting net positive cash flow for investors willing to engage professional managing agency services. The district's established character and MRT proximity reduce tenant acquisition timeframes compared to more peripheral locations, minimising vacancy periods that erode overall returns.

Potential investors must factor in Ordinary Residential Tenancy Agreement compliance requirements, cooling-off periods following purchase, and the additional commitment involved in HDB rental management. However, the accessible entry price point and consistent demand from tenant pools seeking central location proximity to employment create genuine investment merit for purchasers with medium to long-term capital growth horizons.

Financing and Affordability Assessment

At price points starting from S$880,000, prospective buyers should stress-test their financial capacity against hypothetical mortgage scenarios using standard lending parameters. Most banks and the Housing and Development Board's concessional loan scheme extend financing up to 85% of purchase price, requiring cash deposits of 15% alongside stamp duties and legal costs. A first-time buyer scenario for a S$880,000 purchase would require approximately S$132,000 in cash outlay prior to occupation, with subsequent mortgage repayments depending on loan tenor and prevailing interest rates.

Debt-to-Service Ratio considerations—whereby monthly mortgage, property tax, insurance, and other debt obligations cannot exceed 60% of gross monthly household income—remain critical affordability guardrails. Households earning S$6,000–7,000 monthly would typically sustain comfortable repayment schedules at these price points, whilst dual-income families access superior borrowing capacity. Early discussion with financing institutions before property viewing enables realistic assessment of purchasing power and prevents subsequent disappointment if loan approvals fall short of anticipated quantum.

Stamp Duty and Acquisition Costs

Purchasers acquiring their first HDB property benefit from standard Buyer's Stamp Duty rates applicable to residential property transactions. However, investors or upgraders purchasing a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, substantially increasing acquisition costs beyond the base transaction. A second-property investor completing a S$880,000 purchase would incur approximately S$176,000 in ABSD liability alone, requiring careful structuring to ensure overall investment returns justify this significant initial cost impost.

Legal and valuation fees typically add a further 1–2% to acquisition costs, whilst the Development Bank of Singapore's concessional loan scheme availability varies between first-time and repeat purchasers. Prospective buyers must quantify total acquisition costs—including all stamp duties, legal fees, and valuation charges—to accurately calculate purchase price capital requirements and overall investment returns.

Lease Tenure and Long-Term Value Preservation

HDB flats operate under a leasehold model with established tenure structures. Kallang properties typically carry 99-year leases, with the lease term commencing from the year of initial sale rather than the property's construction date. Purchasers should confirm exact remaining lease tenure during due diligence, as lease decay accelerates capital value erosion once properties fall below 70 years' remaining term, with significantly compressed valuations and restricted financing availability once leases decline below 60 years.

At current market conditions, 99-year HDB leases in Kallang remain comfortably positioned for purchasers with 20–30 year holding intentions. However, investors pursuing longer-term or portfolio-based strategies should specifically evaluate lease tenure status and factor potential lease decay into long-term capital appreciation assumptions. The Housing and Development Board's lease renewal policies, periodically revised, offer some pathway to tenure extension, though future policy frameworks remain subject to government evolution.

District Supply Pipeline and Competitive Landscape

Kallang's status as a mature estate with primarily resale inventory contrasts sharply with newer Build-to-Order schemes launching in peripheral growth districts. This consolidated supply position supports price resilience by limiting direct new-project competition and maintaining scarcity value for available units. Prospective buyers should recognise that established estates like Kallang experience slower inventory growth compared to Punggol, Tengah, or other new town launches, supporting long-term capital stability for patient investors.

Competing HDB properties within Kallang itself—including nearby addresses like Guillemard Crescent, Upper Boon Keng Road, and Boon Keng Road—provide direct comparison points for pricing and amenity evaluation. Prospective purchasers should systematically review recent transaction data for these neighbouring properties to contextualise 108C McNair Road's market positioning and identify potential value arbitrage opportunities within the immediate district.

Buyer Suitability Assessment

First-time buyers drawn to established estates for their mature amenity provision and consolidated infrastructure find 108C McNair Road particularly suitable, as the immediate neighbourhood environment eliminates uncertainty about longer-term community development or traffic congestion from future construction. Upgraders transitioning from smaller two-bedroom properties benefit from increased bedroom and utility space, with the MRT proximity enabling simplified commuting patterns compared to landed property alternatives requiring private vehicle reliance.

Accredited investors recognising the balance between entry price and consistent tenant demand appreciate Kallang's established rental market, with multiple tenant acquisition channels and reduced vetting complexity compared to newer estates. The district's popularity with tenants commuting to city-centre employment creates reliable occupancy prospects and supports net rental yields within competitive parameters for HDB-focused investment strategies.

Frequently Asked Questions

What rental yield can investors realistically expect from a three-bedroom unit at 108C McNair Road?

Three-bedroom HDB units in Kallang typically generate rental yields between 3–4% annually, calculated on gross rental income relative to purchase price. At the current S$880,000 entry price point, monthly rents for comparable three-bedroom units in this district average S$2,400–2,800 depending on floor level, unit condition, and specific amenities, equating to annual gross rental income of S$28,800–33,600. Investors must subtract management fees (typically 5–8% of rental income if using professional agencies), maintenance contributions to the HDB sinking fund, and property tax to calculate net yields, which realistically fall between 2.3–3.2% for owner-investors managing the property themselves and closer to 2–2.8% for those engaging external management. The yield remains competitive within HDB-focused investment strategies, particularly for investors prioritising capital preservation and steady income over aggressive appreciation, though future lease decay will compress yields as tenure declines below 70 years.

How does the S$880,000 price point compare to recent per-square-foot transactions in Kallang?

The S$880,000 price for approximately 926 square feet equates to roughly S$950–S$960 per square foot, positioning this property within the realistic range of recent HDB resale transactions across Kallang. Recent market data from comparable Kallang properties—including Guillemard Crescent, Upper Boon Keng Road, and Boon Keng Road—indicates per-square-foot pricing ranging from S$920–S$1,000 depending on exact location, floor level, orientation, and renovation condition. Properties commanding the highest per-square-foot valuations typically enjoy superior Boon Keng MRT proximity, higher floor positions, and units with recent kitchen or bathroom renovations that reduce buyer refurbishment costs. Purchasers should verify recent comparable transactions for identical unit configurations within the immediate neighbourhood to confirm that 108C McNair Road pricing reflects fair market value rather than premium positioning, as pricing can shift rapidly during strong demand cycles or if significant new supply emerges in adjacent estates.

What ABSD implications apply if I purchase 108C McNair Road as a second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, substantially increasing acquisition costs beyond standard transaction charges. For a S$880,000 purchase at 108C McNair Road, the ABSD liability totals approximately S$176,000, which must be paid concurrently with the base Buyer's Stamp Duty and legal fees, typically requiring total cash outlay of 15–17% of purchase price including all acquisition costs. This significant stamp duty impost fundamentally alters investment economics and requires careful return-on-investment analysis to ensure subsequent rental income and capital appreciation justify the elevated initial capital requirement. Investors should consult with tax advisors to explore potential ABSD remission scenarios (for example, if the previous residential property is disposed of within a defined timeframe) and factor the 20% ABSD into overall investment modelling rather than assuming standard residential acquisition rates. The ABSD effectively increases the break-even point for rental yield investments by 1–1.5 percentage points, meaning this strategy requires stronger tenant demand and rental resilience compared to first-property purchases where ABSD does not apply.

What lease decay risk should I consider for 108C McNair Road, and how does it affect future resale value?

HDB properties at 108C McNair Road carry 99-year lease tenure, with the lease commencing from the original sale date rather than from construction completion. Prospective buyers should confirm exact remaining lease tenure during due diligence, as lease decay accelerates capital value erosion once properties fall below 70 years' remaining term, with significantly compressed valuations emerging as leases approach 60 years. Current pricing assumes healthy lease tenure remaining—typically 80+ years for Kallang properties in active market circulation—however, purchasers planning 20+ year holding periods should be aware that lease decay will progressively reduce capital values in later holding periods, particularly if government lease renewal policies become less generous than historical precedent. The Housing and Development Board's previous lease renewal schemes offer some pathway to tenure extension at subsidised rates, though future policy frameworks remain subject to government evolution and are not guaranteed. Investors adopting medium-term (10–15 year) strategies face minimal lease decay impact, whilst longer-horizon portfolio strategies should explicitly model lease tenure decline and factor conservative assumptions regarding future renewal costs or depreciation rates into capital appreciation projections.

How does proximity to Boon Keng MRT (7 minutes' walk) influence capital appreciation and tenant demand?

Boon Keng MRT station on the North-East Line (NE9) represents a critical value anchor for 108C McNair Road, as the seven-minute walking distance positions residents within Singapore's preferred accessibility threshold and eliminates the transport friction that depresses values at more peripheral locations. The North-East Line provides direct connectivity to major employment zones including the Central Business District, Paya Lebar, and Singapore's northern growth corridor, creating sustained tenant demand from commuters prioritising transport efficiency over suburban property attributes. Properties within 10 minutes' walk of operational MRT stations historically command 10–15% capital value premiums relative to comparable units 15+ minutes' walk from transit, reflecting both tenant willingness-to-pay and the ongoing resilience of such properties during market corrections. The consolidated Kallang neighbourhood character combined with Boon Keng MRT proximity creates a defensive investment profile where capital appreciation may lag newer peripheral growth areas but tenure of value is substantially superior during economic cycles when transport accessibility becomes paramount in tenant decision-making. Medium to long-term capital appreciation prospects for 108C McNair Road remain supported by the irreplaceability of MRT proximity and the finite supply of established estates maintaining this accessibility advantage—factors that differentiate this property favourably from more peripheral Build-to-Order schemes where future MRT extensions may reshape accessibility and relative value positioning.

Is 108C McNair Road suitable for first-time buyer, upgrader, investor, or high-net-worth purchaser profiles?

First-time buyers find 108C McNair Road particularly suitable due to the established neighbourhood's mature amenity infrastructure, elimination of Build-to-Order completion uncertainty, and immediate occupancy enabling residential settlement planning without extended waiting periods. The S$880,000 entry price remains accessible to dual-income households earning S$6,000–7,500 monthly, with financing available through both commercial banks and the Housing and Development Board's concessional loan scheme that reserves better terms for first-property acquisition. Upgraders transitioning from two-bedroom starter flats benefit from the additional three-bedroom configuration and two-bathroom layout, with Kallang's location enabling lateral moves avoiding lengthy commute changes. Investors recognise the established three-bedroom rental market supporting consistent tenant demand and 3–4% gross yields, though the 20% ABSD on second-property purchases requires careful return modelling and stronger underlying fundamentals compared to first-property acquisition. High-net-worth individuals rarely prioritise 108C McNair Road given the absence of premium finishes, branded developments, or the landed property characteristics this profile typically seeks; however, sophisticated investors managing diversified property portfolios might view Kallang HDB as a defensive yield component offsetting higher-volatility private property holdings, particularly if they structure acquisitions through corporate entities potentially eligible for alternative ABSD treatments. Each buyer profile requires distinct evaluation frameworks—first-timers emphasising lifestyle fit and long-term capital security, investors focusing on rental-income sustainability and lease-decay-adjusted returns, and traders seeking maximum short-term appreciation through development completion premiums or cyclical market timing.

What Total Debt Service Ratio (TDSR) and mortgage headroom should I calculate at 108C McNair Road's price points?

Prospective buyers must validate affordability by stress-testing against standard TDSR parameters where monthly mortgage payments, property tax, insurance, and all other consumer debt obligations cannot exceed 60% of gross monthly household income. At the S$880,000 entry price point with standard 85% loan-to-value financing across a 25-year mortgage tenor and current interest rates approximating 4.5%, monthly mortgage repayments approximate S$4,200–4,400, requiring gross household monthly income of S$7,000–7,400 to sustain comfortable TDSR positioning with residual borrowing capacity for vehicle loans, credit card commitments, or other consumer debts. Households earning S$6,000 monthly face tighter TDSR constraints where S$880,000 acquisition becomes marginal, whilst dual-income families with combined S$9,000–10,000 monthly earnings sustain robust financing headroom enabling equivalent mortgage drawdowns with substantial residual borrowing capacity. First-time buyers should model interest rate stress scenarios assuming 5.5–6% rates rather than current levels, as regulatory rate increases could increase monthly servicing costs by S$200–400 over the loan tenure and require validation of sustainable cash flow. Banks increasingly apply stricter TDSR calculations encompassing expected future rate increases and conservative income assumptions for freelancers or variable-income earners, meaning prospective buyers should confirm actual lending offers before committing to property viewings or valuation fees. Early-stage engagement with bank mortgage specialists clarifies realistic purchasing capacity and prevents subsequent disappointment if pre-approval amounts fall short of anticipated quantum or application rejections emerge due to employment stability or credit assessment concerns.

What other HDB developments compete directly with 108C McNair Road in Kallang, and how does pricing compare?

Direct competitors within immediate Kallang vicinity include Guillemard Crescent, Upper Boon Keng Road, Boon Keng Road, and several smaller scattered blocks throughout the district, each occupying different proximity positions to Boon Keng MRT and offering variable age-related characteristics affecting pricing and tenant appeal. Guillemard Crescent properties typically command per-square-foot pricing 2–4% above 108C McNair Road due to enhanced MRT proximity and orientation advantages, whilst Upper Boon Keng Road and scattered blocks further from the station trade at approximately equivalent or 1–2% discounted rates reflecting longer walking distances and reduced transport convenience. Purchasers should systematically review recent transacted prices for three-bedroom configurations across these competing addresses to confirm 108C McNair Road positioning and identify potential value arbitrage opportunities where superior locations may justify modest price premiums, or conversely, where slightly inferior locations offer meaningful savings. Beyond immediate Kallang, broader district competition emerges from Serangoon (NE8 MRT proximity), MacPherson (NE13 MRT proximity), and other North-East Line stations, each offering variable pricing reflecting MRT accessibility, estate maturity, and established tenant demand patterns. New Build-to-Order launches in peripheral growth districts typically underprice comparable three-bedroom units by 10–15% but demand extended completion timelines (5–7 years) and accept greenfield neighbourhood uncertainty, making direct price comparison misleading without adjusting for time-value-of-money and immediate occupancy premiums. Strategic purchasers recognise that 108C McNair Road's pricing reflects fair valuation within Kallang's established market, with principal value differentiators being precise MRT proximity, floor level, and unit orientation rather than wholesale pricing advantages that might suggest acquisition urgency or timing concerns.

Which unit stacks or floor levels at 108C McNair Road offer optimal value, and what premiums apply to different positions?

HDB three-bedroom unit pricing within 108C McNair Road varies materially by floor level and stack position, with higher floors commanding 5–8% premiums over lower floors reflecting enhanced natural light, reduced external noise from street-level traffic, and psychological preferences that remain consistent across HDB purchasing behaviour. Mid-floor positions (typically levels 4–10) offer optimal value-to-amenity ratios for most buyer profiles, eliminating the 1–2% accessibility penalty (lift waiting times, minor flooding risk) associated with ground floors whilst avoiding the highest-tier premiums for top-floor units where summer heat accumulation and potential future flat-roof maintenance become considerations. Stack positioning influences unit orientation and cross-ventilation characteristics—units fronting lower-traffic internal courtyards command modest pricing premiums (1–3%) relative to units facing primary roads where traffic noise and air quality present minor disadvantages, though interior courtyard orientations can compromise natural light depending on stack configuration. Experienced investors prioritise mid-floor internal courtyard stack positions that represent sweet-spots for tenant appeal without triggering premium pricing, understanding that modest savings (2–4% relative to prime positions) on mid-floor acquisitions improve overall rental yield performance without materially compromising tenant acquisition or lease tenure sustainability. Ground-floor units require explicit valuation assessment regarding flood-risk exposure in Kallang—an area prone to flash flooding during heavy monsoon events—and buyers should factor potential remediation or insurance costs into acquisition economics. Unit stack research requires direct site visits and floor-plan examination rather than relying on price listings, as subtle orientation and architectural characteristics influence long-term value and tenant appeal in ways that aren't apparent from basic bedroom-count and square-footage data.

What future supply pipeline or district development plans might affect 108C McNair Road's long-term value trajectory?

Kallang's status as a mature, fully developed estate means future supply additions remain constrained compared to peripheral growth districts like Punggol or Tengah, supporting long-term capital resilience through structural scarcity of new competing inventory. Singapore's Housing and Development Board Build-to-Order pipeline shows minimal new launches within Kallang itself, with peripheral estates absorbing majority of new supply, effectively limiting direct competition and supporting price floors for established properties through reduced new-completion discounting. Urban Redevelopment Authority master planning frameworks for the Kallang constituency remain stable around residential consolidation rather than wholesale redevelopment, meaning 108C McNair Road occupies a defensible long-term positioning unlikely to be displaced by transformative neighbourhood changes that might render current valuations obsolete. However, prospective buyers should remain alert to potential infrastructure developments—including Park Connector network expansions, secondary transport planning, or mixed-use commercial development on adjacent sites—that might alter neighbourhood character or flood-risk profiles. Lease renewal policy evolution represents the primary long-term uncertainty affecting HDB values; historical government policy has subsidised lease extensions at rates substantially below market replacement cost, but future frameworks may introduce higher renewal costs or stricter eligibility criteria that materially alter long-term capital value trajectories for ageing estates. Investors should monitor government policy announcements regarding Housing and Development Board lease renewal approaches, as policy shifts could create material upside or downside value implications for properties like 108C McNair Road currently sitting 25+ years into their initial 99-year tenure. Conversely, the consolidated supply position and finite Kallang inventory support resilient medium-term (10–15 year) capital value trajectories, with principal value drivers being lease tenure preservation, MRT continued operational reliability, and rental market demand resilience rather than district-level development dynamics that might accelerate or depress values in newer estates experiencing significant supply pipeline evolution.

[For Sale] Hdb Flat At 108C Mcnair Road — From S$869K