Can you provide more information about Vela 1

Vela 1 is a new launch luxury 99-year leasehold condominium developed by SingHaiYi Group along Bayshore Road in District 16, Singapore, directly next to the upcoming Bayshore MRT Station on the Thomson-East Coast Line.

It spans an estimated land area of 200,000 square feet and will feature around 400-500 units, including 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom layouts designed for various household sizes with optimal natural light, ventilation, and sea views toward East Coast Park. The site plan emphasizes resort-style amenities, landscaped greenery, and coastal living, with a projected TOP between 2029 and 2030. This development on the former sites of Costa del Sol, Lagoon View, and Landbay Condominium offers strong potential for homeowners and investors due to its prime location blending urban connectivity and seaside tranquility. For the latest listings, prices, floor plans, or showflat details, check EdgeProp Singapore.