Type

Units

Min Area

Price Range

3 BR

969 sqft

S$869K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$869K.
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?

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108C McNair Road: A Mature HDB Development Near Boon Keng

108C McNair Road stands as a well-positioned HDB development in a neighbourhood long recognised for its residential stability and community maturity. Situated approximately seven minutes' walk from NE9 Boon Keng MRT Station, this development offers families and upgraders direct access to the North-East Line, one of Singapore's principal transport corridors connecting diverse employment hubs and lifestyle destinations across the island.

The development comprises flats ranging from three-bedroom to larger configurations, with units typically spanning around 969 square feet or more. This size bracket appeals particularly to growing families, first-time upgraders transitioning from smaller dwellings, and investors seeking multi-bedroom layouts with strong rental potential. The pricing structure reflects current market dynamics in the McNair Road precinct, with units available from competitive points that merit careful comparison against recent neighbourhood sales.

Transport Connectivity and Neighbourhood Appeal

Proximity to Boon Keng MRT station elevates the appeal of properties at 108C McNair Road significantly. The North-East Line direct connection enables residents to reach Orchard in under twelve minutes, accessing the CBD and Marina Bay in roughly twenty minutes. This accessibility substantially influences buyer demand, particularly among working professionals and families prioritising commute efficiency. The mature estate surrounding McNair Road has well-established bus infrastructure complementing the MRT network, creating a multi-modal transport environment that supports both daily commuting and leisure travel patterns.

The neighbourhood itself carries decades of residential stability. Long-standing residents, established markets, hawker centres, and community facilities contribute to a sense of place often lacking in newer developments. Schools, polyclinics, and shopping amenities cluster throughout the wider Kallang-Whampoa planning district, reducing dependency on distant commercial hubs for everyday necessities.

Market Positioning and Price Performance

Three-bedroom HDB flats at 108C McNair Road are positioned within a segment experiencing sustained buyer interest. Recent transactions across comparable estates in the district have reflected steady price-per-square-foot values ranging between certain bands, though specific unit sales vary by floor level, orientation, and condition. Investors evaluating this development should analyse recent psf transactions at nearby competing blocks to establish accurate benchmarking. The McNair Road address itself carries no particular premium or discount compared to adjacent roads, suggesting pricing reflects estate-wide fundamentals rather than street-specific desirability shifts.

For second-property purchases by Singapore Citizens, Additional Buyer's Stamp Duty at 20% applies on top of the standard Buyer's Stamp Duty. Purchasers must budget this significant cost component when evaluating total acquisition expenses. First-time buyers enjoy exemption from this surcharge, a material financial advantage that should influence buyer-profile analysis of this development's customer base.

Rental Yield and Investment Characteristics

Three-bedroom and larger HDB units at McNair Road typically command monthly rental rates reflecting their size, location, and the growing demand for family-sized rental properties across Singapore. Conservative yield calculations, assuming typical rental rates for this configuration in this district and accounting for property tax and maintenance contributions, suggest gross rental yields ranging between mid-to-high single-digit percentages depending on acquisition price. Investors must verify actual recent lettings in this block and neighbouring developments to refine yield projections, as rental demand for multi-bedroom layouts remains robust but sensitive to overall economic conditions affecting expatriate tenant demand and local upgrader migration patterns.

The HDB lease tenure—either 99 years or 999 years depending on original grant year—carries material implications for long-term investment value. Flats granted during earlier HDB phases may carry 99-year leases already experiencing decay, whilst later tranches may feature 999-year or extended lease terms. Lease decay becomes investment-significant after sixty years, when resale value typically begins reflecting diminishing lease remainder more acutely. Prospective buyers should confirm exact lease tenure and remaining duration before committing capital, as this directly impacts capital appreciation horizons and future buyer pools.

Financing and Affordability Framework

HDB flats at 108C McNair Road are eligible for HDB housing loans up to 80% of valuation (or 90% for first-time buyers), supplemented by CPF withdrawal possibilities from the Ordinary Account. Total Debt Servicing Ratio (TDSR) regulations cap monthly debt repayments at 60% of gross household income for HDB loans. At typical price points for three-bedroom units in this development, a household earning S$8,000 monthly would comfortably satisfy TDSR requirements with modest cash outlay beyond CPF contributions. For upgraders holding existing property, the 20% ABSD on acquisition price significantly increases upfront cash requirements, necessitating careful liquidity planning. First-time buyers enjoy clearer financing pathways, as they avoid ABSD and often qualify for enhanced CPF withdrawal limits, improving affordability substantially.

Competition Within the District

The Kallang-Whampoa planning district encompasses numerous HDB developments spanning different construction vintages and price points. Nearby alternatives include established blocks throughout McNair Road itself, Boon Lay, and adjacent streets. The distinguishing factors between 108C McNair Road and competing stock centre on lease tenure, unit condition, floor layouts, and precise MRT walking distance. Developments positioned closer to Boon Keng station, or those featuring more recently upgraded common facilities, may command modest premiums. Conversely, blocks with longer-remaining leases often outperform older stock in capital appreciation and long-term buyer appeal, suggesting tenure should anchor comparative analysis rather than current price alone.

Buyer Profiles and Suitability Assessment

First-time upgraders moving from two-bedroom flats find three-bedroom configurations at McNair Road particularly suitable, offering appreciable space increase without venturing into private property markets. Growing families requiring additional bedrooms, homework spaces, and in-law accommodation align well with this development's size profile. Investors targeting rental yields benefit from consistent multi-bedroom demand, though capital appreciation prospects depend significantly on lease tenure and district desirability trends. High-net-worth individuals typically bypass HDB markets entirely, favouring private condominiums offering greater appreciation potential and lifestyle amenities, though some acquisitions occur for legacy or portfolio diversification purposes. The development's pricing, transport access, and residential stability create particular appeal among middle-income upgraders and yield-focused investors rather than affluent buyer segments.

Future Precinct Development and Market Outlook

The Kallang-Whampoa district remains well-served by existing infrastructure with limited major new developments altering the supply-demand balance significantly. The North-East Line consolidates as a mature transport spine unlikely to face major service disruptions or competitive line duplication. Government housing policy emphasises renewal of ageing estates through selective upgrading programmes rather than wholesale new-town creation, suggesting the McNair Road precinct will experience gradual incremental improvement rather than transformative change. This stability appeals to families seeking long-term residential anchoring but may constrain exceptional capital appreciation for existing stock. Prospective buyers should monitor public announcements regarding estate improvements, as selective major works can enhance desirability and modestly boost resale values, though such programmes typically require multi-year execution windows.

Frequently Asked Questions

What gross rental yield should investors expect from a three-bedroom flat at 108C McNair Road?

Gross rental yields for three-bedroom HDB flats at 108C McNair Road typically range between 3–5%, depending on the specific acquisition price and prevailing rental market conditions for this configuration in the Kallang-Whampoa district. Actual yields depend critically on recent comparable lettings within the same block and neighbouring developments—investors must verify current tenant demand and monthly rental rates rather than relying on historical averages. Additionally, HDB property tax (approximately 5–6% of annual rent), maintenance contributions to the town council, and occasional sinking fund levies reduce net yields below gross figures, so comprehensive cost modelling is essential before committing capital for investment purposes.

How does the price-per-square-foot at 108C McNair Road compare to recent transactions in adjacent blocks?

Price-per-square-foot at 108C McNair Road should be benchmarked against recent resale transactions across the broader McNair Road vicinity and neighbouring blocks within the Kallang-Whampoa estate to establish accurate market positioning. Without specific recent sales data, comparative analysis requires consultation of HDB resale portal records and transaction histories from the past six to twelve months covering identical or near-identical three-bedroom configurations across the precinct. Historical trends suggest McNair Road commands neither premium nor discount relative to immediately adjacent streets, indicating pricing reflects estate-wide fundamentals rather than location-specific desirability shifts. Buyers should prioritise recent psf analysis over asking prices, as market conditions evolve frequently and individual unit condition variations significantly influence transaction values.

What is the Additional Buyer's Stamp Duty impact for second-property buyers purchasing at 108C McNair Road?

Singapore Citizens purchasing a second residential property, including HDB flats at 108C McNair Road, must pay Additional Buyer's Stamp Duty (ABSD) at the rate of 20% calculated on the purchase price. For a flat priced at S$868,888, this represents an immediate cash outlay of approximately S$173,778 in ABSD alone, payable at or before completion alongside standard Buyer's Stamp Duty and other acquisition costs. This substantial levy materially increases total acquisition expense and financing requirements, typically reducing affordability headroom by 20 percentage points compared to first-time buyers. Second-property purchasers must carefully model cash-flow implications and ensure adequate liquidity reserves beyond CPF contributions to meet ABSD obligations on schedule.

What is the lease tenure risk and resale value impact for flats at 108C McNair Road?

Lease tenure at 108C McNair Road depends on the original grant year—earlier phases may feature 99-year leases whilst later tranches typically carry 999-year leases. For 99-year lease properties, lease decay becomes materially significant after approximately sixty years of ownership, with resale values increasingly reflecting diminishing lease remainder rather than improvements or market appreciation. A 99-year lease property currently carrying fifty years' remaining tenure faces accelerating value compression in future decades, restricting the eligible buyer pool to owner-occupiers with short holding horizons rather than long-term investors. Prospective buyers must confirm exact lease tenure and remaining years before purchase, as this single factor often determines whether a unit represents sound long-term capital preservation or depreciating asset. Properties with 999-year leases face minimal tenure-related constraints and maintain stronger long-term value retention.

How does the seven-minute walk to Boon Keng MRT station affect demand and capital appreciation?

Proximity to NE9 Boon Keng MRT substantially enhances demand and capital appreciation potential compared to developments requiring longer walking distances or multi-stage transport connections. The direct North-East Line access enables sub-fifteen-minute commutes to Orchard, Marina Bay, and major employment clusters, appealing strongly to working professionals and families prioritising commute efficiency. MRT connectivity typically commands price premiums of 3–8% relative to comparable estates requiring longer journeys to nearest transit, though this premium varies with overall district desirability and alternative transport availability. Over multi-year holding periods, developments maintaining short MRT walking distances tend to outperform isolated stock in capital appreciation, as transport accessibility remains invariant whilst relative valuations gradually reward connectivity. However, this appreciation advantage assumes stable or improving economic fundamentals; in weak demand environments, even well-connected stock experiences price softness.

Is 108C McNair Road suitable for first-time buyers, upgraders, and investors, or specific profiles only?

108C McNair Road serves distinct buyer profiles effectively, each with different motivations. First-time upgraders moving from two-bedroom flats find three-bedroom configurations particularly appealing, offering substantial space gains without venturing into private property markets commanding multi-million valuations. Growing families seeking additional bedrooms and in-law accommodation benefit from mature estate stability and established community infrastructure, making McNair Road an effective long-term residential anchor. Property investors targeting rental yields appreciate consistent multi-bedroom tenant demand and stable lease-to-value ratios, though capital appreciation prospects depend on lease tenure and district evolution. High-net-worth individuals typically bypass HDB developments entirely, preferring private condominiums with greater appreciation potential and lifestyle amenities. The development's pricing, transport positioning, and residential maturity create particular alignment with middle-income upgraders and yield-focused investors rather than affluent segments.

What TDSR headroom and financing flexibility exist at typical price points for this development?

At typical three-bedroom unit prices around S$868,888, HDB housing loans available at 80% loan-to-value (90% for first-time buyers) enable acquisition with modest monthly debt servicing relative to most household income profiles. A household earning S$8,000 monthly can comfortably satisfy the 60% Total Debt Servicing Ratio (TDSR) cap with substantial remaining income for living expenses, particularly if utilising CPF Ordinary Account withdrawals to reduce loan quantum. First-time buyers enjoy additional advantages including exemption from 20% Additional Buyer's Stamp Duty and enhanced CPF withdrawal eligibility, materially improving affordability compared to second-property purchasers. Second-time buyers facing 20% ABSD surcharge must maintain approximately S$173,778 in cash reserves before CPF contributions, significantly constraining liquidity and reducing net financing headroom. Detailed mortgage broker consultations should accompany purchase intent, as actual TDSR headroom depends on individual income documentation, existing debt obligations, and CPF balance configurations.

What nearby competing developments offer alternatives to 108C McNair Road, and how do they compare?

The Kallang-Whampoa district encompasses numerous HDB blocks spanning different construction vintages and price points, providing direct alternatives to 108C McNair Road. Nearby developments throughout McNair Road itself, Boon Lay, Jln Rajah, and adjacent streets offer comparable three-bedroom configurations at varying price levels depending on lease tenure, unit age, and recent upgrade status. Developments positioned marginally closer to Boon Keng MRT station may command modest premiums reflecting reduced walking distance, whilst blocks with recently completed HDB Upgrading Programme (HUP) works typically command price appreciation reflecting enhanced common facilities. Conversely, estates featuring longer-remaining lease tenures often outperform chronologically similar stock in resale value trajectories, suggesting lease tenure should anchor comparative evaluation rather than current asking prices alone. Prospective buyers should systematically compare lease duration, remaining HUP upgrade timelines, and recent transaction psf metrics across competing blocks before committing to 108C McNair Road acquisition.

Which floor levels and unit stacks at 108C McNair Road offer best value for money?

Middle-range floor levels (roughly floors three through eight) at 108C McNair Road typically offer compelling value compared to ground-floor units affected by noise and reduced privacy, or top floors commanding premiums for views and reduced mosquito intrusion. Corner units and east-facing orientations often attract modest price premiums reflecting morning light and corner-room advantages, though personal preference varies substantially. Lower-floor units, whilst less desirable, may represent better value-for-money propositions for budget-conscious upgraders willing to sacrifice view premium in exchange for capital preservation and rental appeal. Investors should prioritise accessibility and unit configuration over premium floor positioning, as tenant demand tends to concentrate on functional layouts and affordability rather than view premiums. Detailed site visits comparing specific units across different stacks enable informed personal assessment of value alignment, as no single floor category universally outperforms others across all buyer preference categories.

What is the future supply pipeline and district evolution outlook for the McNair Road precinct?

The Kallang-Whampoa district remains well-served by existing infrastructure with limited major new HDB developments altering the supply-demand balance dramatically in the near to medium term. Government housing policy emphasises selective renewal of ageing estates through HDB Upgrading Programme works rather than wholesale new-town creation, suggesting McNair Road will experience gradual incremental improvement rather than transformative development. The North-East Line consolidates as a mature transport spine unlikely to face major service disruptions or competitive line duplication, preserving existing transport advantages without enhancement premiums. This stability appeals to families seeking long-term residential anchoring but may constrain exceptional capital appreciation for existing stock relative to new towns or intensively redeveloped precincts. Prospective buyers should monitor public announcements regarding potential estate improvement works or MRT service enhancements, as selective major upgrades occasionally enhance desirability modestly, though such programmes typically require multi-year execution windows limiting near-term value catalysts.

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