Vela Bay
Independent property marketing page by David & Audrie Properties, ERA Realty Network Pte Ltd (licence L3002382K). Not the developer’s official website.
At a glance
What is Vela Bay?
Vela Bay is a 515-unit, 99-year leasehold condominium in the Bayshore precinct (District 16), directly opposite Bayshore MRT on the Thomson-East Coast Line. At its launch on 25 April 2026, 371 units (72%) were sold at an average of S$2,886 psf, according to EdgeProp. One-bedroom-plus-study units started from just over S$1.2 million.
Official pricing has not been released yet. Register below for confirmed prices.
Page updated
- Developer
- SingHaiyi and Chuan Capital
- Address
- Bayshore Walk, Singapore
- District
- D16 · OCR
- Tenure
- 99 years
- Total units
- 515
- Expected completion
- Not yet confirmed by the developer
- Preview / launch
- 25 Apr 2026
Highlights
What to know about Vela Bay
- 01
Waterfront setting
Within walking distance of East Coast Park, with about half of the units having sea views, according to EdgeProp.
- 02
Opposite Bayshore MRT
Directly opposite Bayshore MRT on the Thomson-East Coast Line, according to EdgeProp.
- 03
Record OCR land rate
A SingHaiyi joint venture won the site with a bid of S$658.89 million (about S$1,388 psf ppr) in March 2025, a record land rate for the Outside Central Region at the time, according to EdgeProp.
David & Audrie’s take
Our take on Vela Bay
“The first private launch in the new Bayshore precinct, opposite an MRT station and near the sea, but a record land price and large future supply call for careful unit choice.”
By David Ho · CEA Reg. No. R027577A
Vela Bay is a 515-unit, 99-year leasehold project directly opposite Bayshore MRT on the Thomson-East Coast Line, within walking distance of East Coast Park. About half of the units have sea views, and it was the first private launch in a precinct planned for about 12,500 homes.
That plan is also the main risk. About 30% of Bayshore's homes will be private, including some 1,280 at the Bayshore Drive mixed-use site next to Bedok South MRT. Our view: Vela Bay suits owner-occupiers who value the MRT and sea, provided they choose units that will stand out against the new supply.
- LLocation
- Vela Bay's location is its strongest point. It sits directly opposite Bayshore MRT on the Thomson-East Coast Line, which runs to Marina Bay, Shenton Way and Orchard. The future Bedok South station is one stop away and will connect to more of the east. Temasek Primary School is within 1 km, according to EdgeProp. East Coast Park is within walking distance, and Siglap, Bedok and Upper East Coast offer food and shopping nearby. Changi Airport and Changi Business Park are a short drive away. The precinct is planned as a new seafront town, with about 12,500 homes and more amenities as it develops. A mixed-use site integrated with Bedok South MRT, won by a Frasers Property-led consortium in July 2026, will add a mall and about 1,280 homes. What to weigh: Bayshore will be a construction zone for years, and much of the precinct's amenities are still to come. Expect neighbouring sites to rise around you, which could affect some views.
- EEntry price
- A SingHaiyi joint venture paid $658.89 million, or $1,388 psf ppr, for the Bayshore Road site in March 2025, a record land rate for the Outside Central Region at the time, according to EdgeProp. At launch on 25 April 2026, the developers sold 371 of 515 units (72%) at an average of $2,886 psf. One-bedroom-plus-study units started from just over $1.2 million, two-bedrooms from $1.4 million and three-bedrooms from $2.2 million. A 1,765 sq ft penthouse sold for $5.83 million, or $3,303 psf. For comparison, the freehold Bagnall Haus on Upper East Coast Road launched in January 2025 at an average of $2,490 psf, and Grand Dunman's transactions averaged about $2,500 psf in 2025, according to EdgeProp. Our view: Vela Bay is priced at a clear premium to the area, largely for the MRT and sea views. We think that premium is easier to justify for sea-facing units than for inward-facing ones. At around $2,900 psf, we'd want either a sea view or a strong layout. An 883 sq ft three-bedroom at $2,900 psf is about $2.56 million. With 72% sold at launch, check which stacks remain and whether they have the views you're paying for.
- XExit strategy
- Your future buyers are likely to be families from the east, including HDB upgraders from Bedok and Tampines as flats there reach their minimum occupation period. Tenants may come from Changi Airport, Changi Business Park and professionals who want the seafront. Expected TOP is around 2031, based on listing information; we could not find an official date. By then, more Bayshore projects will be under construction or completed, including the Bayshore Drive mixed-use development, which analysts expect to launch around 2028. This is the main exit risk. Later Bayshore projects may come with newer facilities, a mall or direct MRT links, so Vela Bay will need to compete on views, layout and quantum. Choose sea-facing units or stacks with views that are unlikely to be blocked by future development, with efficient layouts and a quantum that suits family upgraders. Avoid units facing future building sites, and avoid paying sea-view prices for units with only partial views.
Floor plans
Vela Bay floor plans
Floor plans are shared on request, with our notes on layout efficiency and which stacks to look at first.
Request floor plans →Price list
Vela Bay price list
Prices and availability change every week. Leave your details and we'll send you the latest price list, with the units we'd shortlist.
Location
Vela Bay location
Vela Bay is on Bayshore Walk, in the Bayshore precinct of District 16.
- MRTBayshore MRT (directly opposite)
FAQ
Questions about Vela Bay
Where is Vela Bay?
On Bayshore Walk in District 16, directly opposite Bayshore MRT.
Who is developing Vela Bay?
SingHaiyi and Chuan Capital, in a joint venture.
How much of Vela Bay is sold?
About 72% (371 of 515 units) on launch day, as at 6pm on 25 April 2026, according to EdgeProp. This is the latest public figure we found. Ask us for current availability.
What is the expected completion?
The developer has not published a confirmed completion date that we could find.
Vela Bay
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Chat with us on WhatsAppReplies from David & Audrie’s team- David Ho · CEA R027577A · +65 8081 4311
- Audrie Poh · CEA R060879G · +65 8986 7678
Marketed by
- David Ho · CEA Reg. No. R027577A · +65 8081 4311
- Audrie Poh · CEA Reg. No. R060879G · +65 8986 7678
ERA Realty Network Pte Ltd · Estate Agent Licence L3002382K
This is an independent project information and enquiry page by David Ho and Audrie Poh, not the developer's official website. All information, images and plans are indicative, based on materials available at the time of writing, and subject to change and to the developer's final documents. Artist's impressions are for illustration only. Nothing here is an offer, invitation or contract. Registration does not guarantee unit availability. Please refer to the official sales documents before making any decision.