Type

Units

Min Area

Price Range

Other

250 sqft

S$1,400/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,400.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$280 on this acquisition.
Located 9 min (710 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.

110 McNair Road: HDB Living Near Boon Keng MRT

110 McNair Road stands as a residential HDB development positioned to serve owner-occupiers and buy-to-let investors seeking convenient access to the North East Line. The development's location within walking distance of Boon Keng MRT station positions it as an accessible entry point into the Kallang-Boon Keng corridor, a neighbourhood characterised by mature infrastructure and established community services.

The units at 110 McNair Road are configured to maximise utility within a compact footprint. With floor areas around 250 square feet, the flats appeal to first-time buyers, young professionals, and investors targeting the affordable rental market segment. The intimate scale of these units translates to lower acquisition costs and reduced financing requirements relative to larger HDB typologies, broadening the pool of eligible purchasers.

Transport Connectivity and Location Advantages

Proximity to Boon Keng MRT station—approximately 9 minutes and 710 metres on foot—establishes a direct link to the North East Line's network. This connectivity supports commuter appeal, particularly for working professionals with employment nodes in the city centre, Orchard, or along the corridor towards Punggol. The North East Line's integration with the wider MRT ecosystem means seamless interchange access to the Circle, Downtown, and other major lines, enhancing the property's utility for daily mobility.

The neighbourhood surrounding 110 McNair Road benefits from the density and services maturity that characterise the Kallang precinct. Existing hawker centres, wet markets, clinics, and retail amenities serve residents without requiring extensive travel. Schools within the planning area accommodate younger families, whilst the proximity to Kallang Park provides recreational space. These fundamentals underpin both rental demand and long-term capital stability.

Investment and Rental Market Positioning

For investors, the rental landscape around 110 McNair Road reflects consistent demand from students, working adults, and couples entering the owner-occupier market later or seeking flexible tenancy arrangements. HDB flats of this configuration typically achieve monthly rental yields within the 3.5% to 4.5% range when calculated on purchase prices aligned with current market transactional evidence. The exact yield depends on purchase price, running costs (conservancy fees, property tax), and vacancy periods; investors should model assumptions conservatively. The development's accessibility via public transport strengthens tenant attraction relative to more peripheral locations, supporting occupancy resilience.

Acquisition strategies vary by buyer profile. First-time buyers may qualify for HDB concessional loans pegged to HDB's prevailing interest rate cap, typically lower than commercial rates; early repayment without penalty supports wealth acceleration. Upgraders trading from smaller units gain capital proceeds that compress the net cash outlay. Investors purchasing a second property incur Additional Buyer's Stamp Duty at 20%, payable on the purchase price, which materially affects the investment thesis and cash-on-cash returns; this tax burden requires explicit modelling within the financial plan.

Lease Tenure and Resale Dynamics

HDB flats operate under 99-year leasehold tenure, commencing from the original grant date. Properties at 110 McNair Road carry remaining lease periods that shape medium to long-term capital appreciation potential. As the lease ages and approaches the 60-year mark, market liquidity and valuation multiples may compress—this phenomenon, known as lease decay, becomes a material consideration for investors with horizons exceeding 20 years. Buyers should request the exact lease commencement date and calculate the remaining tenure; this informs the realistic holding period before lease decay materially impairs resale value.

Resale value momentum for HDB flats depends heavily on HDB's Build-To-Order (BTO) completion pipeline, new launch pricing, and broader market sentiment. Mature estates with strong transport links and community amenities typically sustain resale demand more robustly than peripheral locations. The Boon Keng precinct, being well-established, faces gentle competition from newer BTO launches in growth corridors; however, the immediacy of occupancy and central location provide inherent advantages. Investors should monitor HDB's quarterly supply releases and estate upgrading initiatives, as these shape medium-term demand cycles.

Financing and Total Debt Service Ratio Considerations

Buyers financing acquisition of 110 McNair Road should prepare for stringent Total Debt Service Ratio (TDSR) scrutiny. HDB loans cap TDSR at 35%, whilst commercial banks typically enforce 40% to 45% thresholds. At indicative prices in the region, loan quantum may range significantly depending on available downpayment and existing liabilities. A buyer with minimal existing debt burden typically qualifies for loans covering 80% to 85% of the purchase price; those with mortgages, car loans, or credit commitments face reduced borrowing capacity. Prospective purchasers should obtain pre-qualification letters from HDB or their bank before making an offer, ensuring financing certainty and avoiding embarrassing renegotiations.

The compact unit size at 110 McNair Road creates a favourable affordability profile for first-time buyers stepping into owner-occupancy. The lower absolute purchase price translates to smaller loan amounts and monthly repayments, preserving monthly cash flow for living expenses and savings. This characteristic makes the development an appropriate entry rung on the residential ladder, particularly for young households with limited equity or income.

Competitive Positioning Within Boon Keng and Kallang

The HDB resale market around Boon Keng and Kallang encompasses multiple estates of varying ages and configurations. Competing properties include flats within the immediate Boon Keng neighbourhood, as well as slightly older or newer stock in adjacent Lavender and Geylang areas. Pricing relative to per-square-foot transactional evidence in the Kallang planning area provides an objective comparison benchmark. Buyers should examine recent transacted prices, lease lengths, and floor levels to calibrate 110 McNair Road's value proposition. Flats with direct MRT-facing exposure, ground-level units with communal garden access, or corner positions commanding premium multiples; mid-stack units with balanced sunlight and privacy typically represent better value.

Buyer Suitability Across Segments

First-time buyers benefit from HDB's concessional financing and the development's accessibility, making it an efficient entry vehicle. Young families may appreciate the proximity to schools and parks, though the 250 square feet footprint suits singles and couples better than larger households. Upgraders trading from one-room or two-room units gain space expansion without proportional price escalation. Investors seeking rental income should stress-test lease decay trajectories and model 20% ABSD impact on entry capital and internal rate of return. High-net-worth buyers seeking trophy assets elsewhere may find this segment unaligned with trophy-class objectives, though some HNW individuals pursue HDB investments as diversification or inflation hedges.

Future Supply Pipeline and Market Dynamics

HDB's supply roadmap indicates ongoing BTO launches in growth areas such as Tengah, Punggol, and Sengkang; mature estates including those surrounding Boon Keng face moderate supply pressure from new launches. However, the relative proximity of 110 McNair Road to the MRT insulates it from severe competitive displacement. Estate upgrading programmes, known as PRIME or REVAMP initiatives, occasionally enhance neighbourhood appeal and capital values; monitoring HDB's media releases for planned upgrades around Boon Keng strengthens the investment thesis. Buyers should anticipate gentle appreciation rather than explosive capital gains, as mature HDB estates typically exhibit single-digit annual value growth aligned with inflation and interest rate cycles.

Frequently Asked Questions

What rental yield can I expect if I buy a unit at 110 McNair Road as an investment?

HDB flats at 110 McNair Road typically generate monthly rental yields within the 3.5% to 4.5% range, calculated as annualised rent divided by purchase price. The exact yield depends on the price you pay, the monthly rent achievable in the Boon Keng precinct, and your running costs including conservancy fees and property tax. Investors must deduct the 20% Additional Buyer's Stamp Duty from their effective return, as this non-recoverable tax burden compresses cash-on-cash yield significantly. Strong tenant demand from students and young professionals using the North East Line supports consistent occupancy, though you should model at least two to three months of annual vacancy to reflect realistic portfolio performance.

How does the price per square foot at 110 McNair Road compare to other HDB resales in Boon Keng and Kallang?

Pricing at 110 McNair Road must be benchmarked against recent transacted HDB flats in the Kallang planning area, available through HDB's official resale statistics and private transaction records. Mature estates near MRT stations typically trade within a narrow per-square-foot band reflecting accessibility and amenity clustering; Boon Keng's established infrastructure usually commands a premium relative to peripheral locations. Buyers should examine at least five to ten recent comparable sales within 0.5 kilometres of the development, stratified by floor level and lease length, to establish a fair-value range. Corner units, mid-stack positions with optimal sunlight, and flats with park-facing exposure typically command 5% to 10% premiums over equivalent standard units, reflecting resident preferences for natural light and privacy.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase a second property at 110 McNair Road?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, applied over and above the standard Buyer's Stamp Duty of 1% to 4%. For a unit purchased at S$400,000, for example, the 20% ABSD equates to S$80,000 in non-recoverable tax, materially increasing the entry cost and reducing investment liquidity. This tax burden must be explicitly factored into your financial model, reducing net rental yield and extending the payback period relative to an owner-occupied first purchase. Investors should ensure their financing structure accounts for ABSD payment, as some banks limit loan quantum to exclude this tax; others permit rolled financing, though this increases interest expense over the mortgage tenure.

How does lease decay affect the resale value and appeal of units at 110 McNair Road over time?

HDB flats operate under 99-year leasehold tenure from the original grant date; as the lease approaches the 60-year mark, market multiples and buyer appetite typically compress, a phenomenon termed lease decay. Units at 110 McNair Road will eventually experience this dynamic, though the precise impact depends on the original lease commencement date and the purchase horizon of the individual buyer. For investors with 15 to 20 year holding periods, lease decay becomes a material valuation headwind, as the remaining tenure may drop below 75 years, triggering reduced borrowing capacity for future buyers and constraining price appreciation. First-time owner-occupiers purchasing with longer-term occupancy horizons experience minimal lease decay impact; they should, however, request the exact lease commencement and remainder, and model the remaining tenure trajectory against their anticipated exit timeline.

How does proximity to Boon Keng MRT station influence property demand and capital appreciation potential?

Properties within 10 minutes' walk of MRT stations command persistent demand premiums reflecting commuter convenience and reduced car dependency, supporting both rental appeal and capital stability. The 9-minute walk to Boon Keng MRT positions 110 McNair Road favourably relative to peripheral estates, strengthening tenant attraction and owner-occupier retention. The North East Line's integration with the wider MRT ecosystem enables seamless interchange to the city centre, Orchard, and employment corridors, enhancing the development's utility for diverse working patterns. MRT adjacency typically supports annual capital appreciation within 1% to 3% ranges, aligning with inflation and mortgage rate cycles, whereas properties more than 15 minutes from stations often experience slower appreciation in mature HDB markets. The accessibility advantage also buffers against downside risk during economic softness, as rental demand from non-car-owning segments remains resilient.

Is 110 McNair Road suitable for first-time buyers, upgraders, and investors, or does it cater to specific buyer segments?

The 250 square feet footprint and affordable entry price at 110 McNair Road make it well-aligned with first-time buyers seeking efficient owner-occupancy and minimal financing headroom requirements; the development's proximity to the MRT and community amenities supports lifestyle needs for young professionals and couples. Upgraders trading from smaller one-room or two-room units benefit from tangible space expansion and often achieve favourable equity-assisted financing through HDB's concessional terms. Investors purchasing a second property should stress-test the 20% ABSD impact and model conservative rental assumptions, as this segment faces elevated entry costs and extended payback periods relative to owner-occupiers. High-net-worth individuals may find this mass-market segment misaligned with trophy-class portfolio objectives, though some pursue HDB diversification as an inflation hedge or for mixed-tenancy exposure; the compact unit size typically constrains appeal for large households or those seeking premium finishes.

What financing challenges should I anticipate under TDSR constraints, and how much can I borrow at typical purchase prices for this development?

HDB loans enforce a Total Debt Service Ratio (TDSR) ceiling of 35%, limiting monthly repayments to 35% of gross household income; commercial banks typically apply 40% to 45% thresholds, though some lenders remain conservative at 35% sector-wide. At indicative purchase prices for 110 McNair Road, buyers with no existing liabilities typically qualify for loans covering 80% to 85% of the purchase price, translating to downpayments of 15% to 20% plus stamp duty. Buyers carrying mortgages on other properties, car loans, or substantial credit commitments face materially reduced borrowing capacity, as existing debt obligations consume portions of the TDSR headroom. Pre-qualification with HDB or a commercial bank before making an offer ensures financing certainty and prevents embarrassing renegotiations; a professional financial advisor can model your specific income and liability situation to establish realistic borrowing parameters and monthly repayment affordability.

How does 110 McNair Road compare to other HDB developments in nearby Boon Keng, Lavender, or Geylang, and where does it rank on value?

The Boon Keng and Kallang precincts encompass multiple HDB estates of varying ages, architectural styles, and configurations; direct competition includes flats within Boon Keng itself, as well as adjacent estates in Lavender, Joo Chiat, and Geylang areas. Newer or recently upgraded estates command price premiums reflecting improved facilities and cosmetic appeal; older estates with lesser maintenance histories may trade at discounts reflecting greater capital expenditure risk. 110 McNair Road's value proposition hinges on its direct MRT accessibility, established neighbourhood amenities, and the efficiency of its 250 square feet configuration relative to per-square-foot benchmarks. Buyers should compare at least three to five comparable estates within 1 kilometre radius, examining recent transacted prices, floor levels, and lease lengths to calibrate fair value. Mid-stack units (fourth to eighth floors) typically offer superior value relative to premium ground-floor or top-floor positions, balancing accessibility, privacy, and light exposure without paying unnecessary premiums for rarity.

Which unit stack or floor levels at 110 McNair Road offer the best value relative to unit-level premiums?

Mid-stack units at fourth to eighth floor levels typically represent optimal value propositions, offering balanced sunlight exposure, noise insulation from ground-level traffic, and privacy without commanding the premiums charged for penthouse or corner positions. Ground-floor units occasionally trade at discounts reflecting reduced privacy and direct pedestrian exposure, though they attract buyers prioritising accessibility for elderly or disabled household members. Top-floor units command premiums for natural light and reduced overhead neighbour disturbance, though these gains seldom justify the 5% to 10% price premiums unless the unit offers exceptional stack position or panoramic views. At 110 McNair Road, given the compact 250 square feet footprint, light and ventilation quality become material quality-of-life factors; buyers should physically inspect multiple floor levels and stack positions to assess natural light patterns, exhaust fan effectiveness, and ambient noise. Units facing parks, community gardens, or away from main roads typically trade at modest premiums reflecting environment quality; these justify the price increment for buyers prioritising lifestyle amenity.

What does HDB's future supply pipeline indicate for the Boon Keng and Kallang precinct, and how will new launches affect 110 McNair Road's appreciation potential?

HDB's Build-To-Order (BTO) supply roadmap indicates ongoing launches in growth corridors such as Tengah, Punggol, and Sengkang; mature estates surrounding Boon Keng face moderate supply competition, though the pace of new launches in the immediate vicinity remains modest relative to expansion areas. New BTO launches typically offer contemporary finishes, enhanced facilities, and longer lease tenures (commencing from a more recent date), making them attractive to first-time buyers; however, their construction timelines span three to five years, providing an interim window where resale flats at 110 McNair Road face limited direct substitution. The Boon Keng precinct's maturity, established community infrastructure, and immediate occupancy appeal insulate 110 McNair Road from severe displacement by distant BTO launches. Estate upgrading initiatives, such as PRIME or REVAMP programmes, occasionally enhance neighbourhood infrastructure and boost resale capital values by 5% to 8%; buyers should monitor HDB's announcements regarding Boon Keng upgrading or facility enhancements, as these typically translate into tangible capital gains within two to three years of completion. Realistic appreciation for 110 McNair Road clusters within 1% to 3% annually, reflecting inflation alignment and supply-demand equilibrium in the mature HDB market.

What are the realistic monthly repayment obligations and cash flow implications for buyers at typical price points for 110 McNair Road?

At indicative purchase prices for 110 McNair Road units, typical monthly repayments for an 80% loan quantum over a 25-year mortgage tenure range within S$1,200 to S$1,800 across HDB and commercial bank options, depending on interest rate environment and loan structure. Buyers must add conservancy fees (typically S$50 to S$80 monthly), property tax, insurance, and maintenance reserves to derive total ownership costs; in aggregate, monthly cash outflows typically reach S$1,400 to S$2,100 for owner-occupiers. Investors purchasing with rental income must ensure monthly rent exceeds total ownership costs by a comfortable margin (typically 20% to 30%) to accommodate vacancy, repairs, and tenant turnover costs; this stress-testing often reveals that moderately priced HDB flats produce modest positive cash flow or operate marginally negative in early holding periods, relying on capital appreciation and lease equity reduction for total return. Prospective buyers should model their specific loan parameters with HDB or their preferred bank, generating precise amortisation schedules and total commitment estimates, ensuring monthly cash flow compatibility with household income and existing obligations.

Hdb Flat At 110 Mcnair Road — From S$1,400