Vela Bay is a 515-unit development on Bayshore Road by SingHaiyi Group, on a 99-year leasehold. It marks the first new launch in the Bayshore area in 26 years — a meaningful supply event for buyers who have been waiting for fresh stock along the east coast corridor.
Situated in District 16 along Bayshore Road, the project benefits from east coast proximity and improving connectivity as the Bayshore MRT station on the Thomson-East Coast Line comes online. Buyers comparing east-side options should weigh travel time to the CBD against the lifestyle appeal of coastal living.
Pricing will reflect Bayshore's scarcity premium — limited new supply in decades tends to support launch interest. Compare against recent URA transactions in nearby Bedok and East Coast rather than brochure list prices alone. I can walk you through comparable PSF data before you commit to a unit type.
Best suited for owner-occupiers and long-term holders who value east coast lifestyle and are comfortable with a 99-year lease. Families upgrading from older east-side stock may find the unit mix and timing attractive relative to resale alternatives in the same district.