Bayshore Road
Vela Bay is a 99-year leasehold condominium by SingHaiyi, located along Bayshore Road in District 16, within Singapore’s sought-after city-fringe East Coast corridor. SingHaiyi has established a reputation for delivering well-positioned residential projects with strong attention to layout efficiency and market demand, particularly in growth areas with clear transformation catalysts. Positioned in the Rest of Central Region, Vela Bay sits at the intersection of lifestyle appeal and long-term value resilience.
Designed as a medium-sized development with approximately 512 residential units across three residential blocks, Vela Bay is planned to offer a comprehensive range of unit types from 1- to 5-bedroom homes. The project’s design philosophy centres on liveability and connectivity, catering to both young families and upgrading HDB households in the East. With an expected TOP in Q1 2030, the development is aligned with the full completion of surrounding infrastructure, including the Thomson-East Coast Line and the wider Bayshore transformation.
A key highlight of Vela Bay is its immediate access to Bayshore MRT, placing residents within direct reach of the CBD, Marina Bay, and Orchard via the Thomson-East Coast Line. Beyond connectivity, the Bayshore precinct is undergoing long-term rejuvenation into a new coastal residential enclave, complemented by proximity to East Coast Park, Bedok amenities, and established schools. As a new launch condo in District 16, Vela Bay is positioned to benefit from both lifestyle-driven demand and future capital uplift as the Bayshore estate matures.
| UNIT TYPE | TOTAL | SIZES | UNIT MIX | FLOORPLANS | MAINTENANCE |
|---|---|---|---|---|---|
| 1 Bedroom | 1 | 500 | 20.00% | TBC | $0 |
| 2 Bedroom | 1 | 650 | 20.00% | TBC | $0 |
| 3 Bedroom | 1 | 900 | 20.00% | TBC | $0 |
| 4 Bedroom | 1 | 1200 | 20.00% | TBC | $0 |
| 5 Bedroom | 1 | 1500 | 20.00% | TBC | $0 |
| Overall | 5 | 474 - 1,345 | 100% | 5 |
SingHaiyi Group is a Singapore-headquartered developer founded in 1988, known for reliable delivery and steady, long-term growth. Its Singapore track record includes recent launches such as Grand Dunman and Sora, with ongoing and pipeline projects like TMW Maxwell, One Sophia, and 9 Penang Road. The group also contributes to significant redevelopments including Skywaters Residences and the Golden Mile Complex. Beyond homes, it develops offices, retail, hospitality, and integrated projects across Singapore, Australia/New Zealand, the US, Malaysia, and the Maldives. Buyers can expect disciplined execution, diversified capabilities, and a focus on well-planned, enduring developments.
Direct MRT Access Within a Major Growth Corridor
Vela Bay is located right next to Bayshore MRT on the Thomson-East Coast Line, offering seamless connectivity to the city and employment hubs. This level of doorstep MRT access is increasingly rare in new launches, especially within the East Coast.
Strong Family Appeal with School Proximity
The development is within 1km of Temasek Primary School, a highly regarded and competitive school in the East. This proximity supports long-term own-stay demand and enhances resale attractiveness among family buyers.
Beneficiary of the Bayshore Transformation
Bayshore is planned as a new coastal residential precinct with improved infrastructure, transport, and amenities. Early entry into this transformation zone provides potential upside as the area develops over the next decade.
Balanced Unit Mix Catering to Upgraders
With unit types ranging from compact homes to larger family-sized layouts, Vela Bay is positioned to serve HDB upgraders from nearby Bedok, Tampines, and Pasir Ris. This broad demand base supports liquidity across different market cycles.
Scarcity of New Supply in District 15
New private residential supply in District 15 remains limited, particularly for projects with MRT access. This scarcity, combined with strong lifestyle appeal near East Coast Park, underpins Vela Bay’s long-term value proposition.
To be Confirmed, likesly 3 Blocks 25-Storeys
To be confirmed, roughly 512 units, ranging from 1 to 5 Bedrooms
To be confirmed
No, Vela Bay (Bayshore) is Leasehold: 99yrs from 2024
Vela Bay (Bayshore) is 99yrs from 2024
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Vela Bay (Bayshore)’s Architects are: – Vela Bay (Bayshore)’s Builder is –
Vela Bay (Bayshore) is Developed by Singhaiyi
To be confirmed
The Land Price of Vela Bay (Bayshore GLS Site), is $658,888,998 or $1,298 psf ppr
Yes, Vela Bay Benefits from the low supply in D15, and the support of D15 homebuyers. Young, aspiring HDB upgraders coming from Tampines & Pasir Ris HDB Clusters have an estimated affordability of $2.5m or more. Last project Seaside residences sold out during the launch and yielded exceptional returns for investors. With the upcoming Bayshore transformation and the completino of the TEL, Bayshore stands as one of 2026’s top investment choices
Yes, Vela Bay is 1km to Temasek Primary school – a highly contested school in the east. It also boasts 512 units with different unit types to fit different family sizes & affordability. A Large project comes with good facilities, and having the MRT at the doorstep, as well as being close to bedok market adds to its convenience. The location is good. being so close to ECP, allows quick access to CHangi, as well as CBD. perfect for families with children and working parents
Vela Bay’s starting prices have yet to be confirmed, but market estimates it to range from $2,600 psf to $3,300 psf for unit with sea views
To be confirmed
Vela Bay is located in District 16, Bayshore Road
Vela Bay is located in District 16, Bayshore Road
The nearest MRT is at the doorstep – Bayshore (TE29)
Primary Schools within 1km of Vela Bay (Bayshore): Temasek Primary School
Vela Bay is a 99-yrs leasehold condonimium located in District 16, developed by Singhaiyi
Vela Bay is target to preview somewhere in Q2 – either April or May 2026
Vela Bay Showflat is located in Eunos
Yes, Foreigners can buy Vela Bay (Bayshore). In Singapore, Foreigners have to pay 60% Additional Buyers Stamp Duty for Property Purchases.
You can Book a viewing with our Appointed Sales Team Kelvin Sin 97222222 Chew Peixuan 91015301
Vela Bay (Bayshore) is expected to TOP in 2030 Q1
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