All images are artist's impressions.
Analysis · Updated Aug 2026
01 · The essentials
About Vela Bay
Developer
SingHaiyi Group Limited
Tenure
D16
Total Units
515
District
Bayshore
Expected TOP
2031
Address
Status
Now Selling
02 · Units & Pricing
Indicative pricing
| Unit Type | Size (sqft) | Indicative Price | Availability |
|---|---|---|---|
| 1 Bedroom + Study | 484 | $1,466,000 – $1,553,000 | ● Available left |
| 2 Bedroom | 592 | $1,695,000 – $1,710,000 | ● Available left |
| 2 Bedroom Premium | 689 | $1,890,000 – $2,087,000 | ● Available left |
| 3 Bedroom | 883 – 893 | $2,314,000 – $2,676,000 | ● Available left |
| 3 Bedroom Premium | 1,033 | $2,832,000 – $3,093,000 | ● Available left |
| 4 Bedroom | 1,173 | $3,192,000 – $3,618,000 | ● Available left |
| 4 Bedroom (Private Lift) | 1,378 | $3,839,000 – $4,362,000 | ● Available left |
| 5 Bedroom (Private Lift) | 1,582 | $4,543,000 – $5,136,000 | ● Available left |
| Penthouse 2 | 1,765 | $5,735,000 | ● Available left |
03 · Location
MRT, shopping & more
MRT & Transport
Bayshore MRT (140m) Bedok South MRT (970m) Siglap MRT (1,340m)
Shopping & Lifestyle
& Dining Eccellente By Hao Mart (560m) Bedok Mall (1,990m)
Schools
Temasek Primary (740m) Bedok Green Primary (1,420m)
Healthcare & Dining
Clinic@costa (210m) Econ Medicare Centre (300m) <
04 · Analysis
Emmeline’s assessment
Strongest Feature
It’s a rare sizeable waterfront launch right in the emerging Bayshore precinct, and it’s genuinely MRT-connected — Bayshore MRT (TE29) is roughly a 5–8 minute walk, which is better than most new launches can claim. Direct TEL access to Marina Bay, Orchard and the CBD makes it a real commute option, not just a promise.
Main Consideration
Be honest on the pricing — this is a premium-priced launch in a precinct that’s still building out, so you’re paying for the future of Bayshore as much as what’s there today. And though the MRT is close, the trip to central areas is still fairly long. Pick the right unit or the view and value story weakens.
Who This Suits
East Coast lovers and commuters who want a waterfront address with a solid walk-to-MRT, plus upgraders willing to ride the Bayshore transformation story.
Who Should Skip
Anyone who needs an established, fully built-out neighbourhood today, or who’s budget-sensitive — the entry pricing here is not shy.
Own-Stay Outlook
Good for those who value coast, cooler breezes and a genuinely walkable MRT — provided you’re comfortable with a precinct that’s still coming together around you.
Investment Angle
Bayshore MRT has fundamentally changed this stretch’s connectivity, and large D16 sites are scarce, so the longer-term story is appealing — but with aggressive launch pricing you’re buying into a premium that needs time to be justified.
05 · Questions
FAQs
Is Vela Bay freehold?
No, it’s 99-year leasehold.
Who’s the developer?
A JV of SingHaiyi Group and Chuan Capital.
How many units?
515 across two 31-storey towers.
When TOP?
Expected around 2031 (completion year listed as 2034 on some portals — confirm).
Which district?
District 16, along Bayshore Walk in the East Coast.
Availability & pricing?
1BR+Study from ~$1.47M, 4BR up to ~$3.6M; units still available (as at August 2026).
Nearest MRT and how far?
Bayshore MRT (TE29), about a 5–8 min walk.
Nearby schools/nearby?
East Coast Park, Parkway Parade, Bedok Mall, and a range of established schools nearby.
Interested?
Register with me for direct developer pricing and the e-brochure.
Reviewed by Emmeline Koh
Emmeline is a Singapore property agent advising homeowners, HDB upgraders and private-property buyers. Her new-launch analyses focus on affordability, buyer suitability, exit competition and comparisons with resale alternatives.
CEA Reg R045542G · PropNex Realty · Last updated: August 2026 · Sources: developer materials / PropNex project site, URA, OneMap.
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