CANAAN Review

Condo Review 4 min read Last reviewed
District 14 · Freehold
Avg PSF (12-month)
11Total units
Category Ratings
Walkability
6.5
Investment
3.6
En-Bloc Potential
3.9
ShiokNest Score
4.9

Overview & Key Facts

CANAAN is a freehold condominium at MATTAR ROAD in District 14 (RCR), developed by , comprising 11 units.

Developer
Tenure
Freehold
Total units
11
TOP year
District
14 — RCR
Street
MATTAR ROAD

Location & Connectivity

CANAAN is approximately 550m from Boon Keng MRT station, with 4 stations within 1.5 km.

MRT stations near CANAAN
StationLineDistance
Boon KengNorth-East Line550m
Geylang BahruDowntown Line910m
Potong PasirNorth-East Line1 km
BendemeerDowntown Line1.1 km

Schools & Education

15 schools within 2 km (3 within 1 km priority zone).

Schools near CANAAN
SchoolTypeDistance
Bendemeer Primary SchoolPrimary270m
Bendemeer Secondary SchoolSecondary280m
Hong Wen SchoolPrimary890m
Stamford Primary SchoolPrimary1.3 km
Assumption Pathway SchoolSecondary1.3 km
Farrer Park Primary SchoolPrimary1.4 km
School of Science and TechnologyJc1.5 km
Balestier Hill Primary SchoolPrimary1.5 km

Unit Mix & Pricing

Unit mix for CANAAN
TypeSalesAvg PSFAvg Price
2 BR6$1,785 psf$1,532,351
3 BR2$1,580 psf$1,929,109

Market Position

CANAAN has recorded 8 sales at an average price of $1,631,540.

CANAAN sits at the 88th percentile of District 14 condo PSF.
Avg PSF (12mo)
$1,631,540
Avg Price
8
Total Sales

Neighbourhood Comparison

District 14 competitors
CondoTenureAvg PSFSales
PARC ESTA99 yrs lease commencing from 2018$2,187 psf493
SIMS URBAN OASIS99 yrs lease commencing from 2014$1,765 psf373
PENROSE99 yrs lease commencing from 2019$1,933 psf359
EUHABITAT99 yrs lease commencing from 2010$1,330 psf243
THE ANTARES99 yrs lease commencing from 2018$1,834 psf229

What Could Work Against You

  • Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
  • At 11 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.

Who This Actually Suits

This is a strong match for mrt-walkable commuters, car-owning households, quiet sanctuary seekers and long-term hold (10+ yr). MRT proximity is the standout commute feature for daily transit users.

resort facilities should treat this as a shortlist candidate, not a default choice.

It is a weaker fit for yield-focused investors — other options likely serve them better. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.


Verdict

CANAAN is a freehold development in District 14 (RCR), with 11 units.

Explore the full CANAAN dashboard for interactive analytics.

HDB Alternatives Nearby

Weighing CANAAN against staying public? These HDB towns sit within walking or short-drive distance:

  • Kallang/whampoa — 4-room average $882,887 (30m away), an upgrader gap of about $750,000
  • Toa Payoh — 4-room average $929,793 (890m away), an upgrader gap of about $700,000
  • Geylang — 4-room average $761,443 (1.6 km away), an upgrader gap of about $850,000

FAQ

What is the average PSF for CANAAN?
PSF data is not yet available.
Is CANAAN freehold?
Yes, CANAAN is a freehold property.
What is the rental yield for CANAAN?
Insufficient rental data.
Which MRT is nearest to CANAAN?
The nearest is Boon Keng MRT at 550m.

Sources & Next Steps

Methodology & Sources

This analysis covers All available years and refreshes as new data becomes available.

Transaction data sourced from URA REALIS.

  • Sales data: 8 transactions
  • Rental data: 0 leases
  • Source: URA REALIS

Median values used to minimise outlier impact. PSF = price per square foot.

Data as of October 2024

Latest recorded data point: Oct 2024 · 8 records analysed · Source: URA private-sale caveats

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