vela bay

Vela Bay is a new 99-year leasehold condominium development along Bayshore Road in District 16 (Bedok/Upper East Coast), featuring 515 residential units with TOP expected in 2030. Developed by SingHaiyi, it offers 1- to 5-bedroom apartments and penthouses, starting from S$1,620,000 for a 2-bedroom unit (600 sqft at S$2,700 psf).

Key highlights include its position as the first private luxury launch in the Bayshore precinct in over 25 years, providing first-mover advantage amid the URA's Bayshore master plan for waterfront living. It is a 1-minute walk to Bayshore MRT (Thomson-East Coast Line), enabling a 20-minute commute to CBD, Marina Bay, and Orchard Road, with easy access to ECP and PIE expressways.

Residents enjoy coastal seaside views, proximity to East Coast Park for recreation, and family-friendly amenities like Temasek Primary School within 1km. Facilities comprise resort-style pools, modern gym, children's play areas, and landscaped gardens.

District 16 has shown strong performance, with condominium prices growing steadily (surpassing Districts 14 and 15 over 5 years), 85.3% profitability on resales from 2010-2025 (e.g., one unit flipped for S$1.29 million profit), and median rents up 50% to S$3,900 monthly.

For the latest listings, floor plans, e-brochures, and VVIP previews (starting 11 April), check EdgeProp Singapore's new launches section. Prices and details are indicative and subject to change.