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Singapore Property News, Insights and Analysis

New launch

Vela Bay

D16 · Bedok / Upper East Coast · Bayshore Road

A 515-unit condo on Bayshore Road, 31 storeys, expected to complete in 2031. Developed by SingHaiyi Group & Chuan Investments.

Source: Developer brochure; URA caveats, Nov 2026

392 of 515
Units sold
$2,870
Avg $psf so far
484–1,765
Sq ft, 28 layouts
30 m
Bayshore MRT
Vela Bay

What brings you to Vela Bay?

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02 — Prices

Vela Bay prices

Sales since launch, Apr 2026
392
Units sold
$2,870
Average $psf
$1.25M – $5.83M
Price range
By bedroom type
Sales since launch
TypeSalesAvg $psfPrice rangeSize
1-Bedroom21 sales$2,843 psf$1.25M – $1.54M484 sq ft
2-Bedroom186 sales$2,855 psf$1.5M – $2.18M592–689 sq ft
3-Bedroom135 sales$2,851 psf$2.29M – $3.3M883–1,033 sq ft
4-Bedroom42 sales$2,961 psf$3.23M – $4.31M1,173–1,378 sq ft
5-Bedroom8 sales$3,134 psf$4.77M – $5.83M1,582–1,765 sq ft

Prices by bedroom type are based on matching sales to unit sizes.

By unit size
Sales since launch
SizeSalesAvg $psfAvg pricePrice range
Under 500 sq ft21 sales$2,843 psfAvg $1.38M$1.25M – $1.54M
500–699 sq ft186 sales$2,855 psfAvg $1.84M$1.5M – $2.18M
700–899 sq ft79 sales$2,792 psfAvg $2.48M$2.29M – $2.72M
900–1,099 sq ft56 sales$2,933 psfAvg $3.03M$2.79M – $3.3M
1,100–1,299 sq ft31 sales$2,964 psfAvg $3.48M$3.23M – $3.72M
1,300–1,599 sq ft18 sales$3,015 psfAvg $4.4M$3.86M – $5.09M
1,600–1,999 sq ft1 sale$3,302 psf$5.83M
Sales in the last two years
392 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
31 Oct 2026#08-XX1,378 sq ft · 4-Bedroom$3.86M$2,804 psfNew sale
31 Oct 2026#05-XX1,173 sq ft · 4-Bedroom$3.25M$2,771 psfNew sale
31 Oct 2026#05-XX1,033 sq ft · 3-Bedroom$2.86M$2,764 psfNew sale
31 Oct 2026#09-XX1,033 sq ft · 3-Bedroom$2.9M$2,808 psfNew sale
24 Oct 2026#07-XX1,173 sq ft · 4-Bedroom$3.27M$2,783 psfNew sale
21 Sep 2026#14-XX883 sq ft · 3-Bedroom$2.5M$2,834 psfNew sale
17 Sep 2026#25-XX689 sq ft · 2-Bedroom$2.06M$2,984 psfNew sale
2 Sep 2026#16-XX1,378 sq ft · 4-Bedroom$4.11M$2,985 psfNew sale
30 Aug 2026#15-XX1,582 sq ft · 5-Bedroom$4.77M$3,011 psfNew sale
17 Aug 2026#10-XX1,173 sq ft · 4-Bedroom$3.42M$2,915 psfNew sale
Show all 392 sales
Compared with nearby condos

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Nov 2026; developer price list.

03 — Rent

Vela Bay rent and yield estimate

No leases yet · estimated from 5 nearby condos, leases starting Sep 2025–Aug 2026
$3,600
Nearby median rent a month
$2.37M
Avg price, 12 months
1.8%
Implied gross yield
An estimate, not a forecast. Vela Bay has no rental record yet. The implied yield sets what the nearby condos below let for against Vela Bay's average sale price over the last 12 months. It is an estimate, not a forecast: new units often let for more than older ones nearby, and actual rents will depend on the unit, the market when it completes, and costs such as fees, tax and vacancy. Speak with us before relying on it.
By bedroom type
TypeNearby median rentFromAvg price, 12 monthsImplied yield
1-Bedroom$3,100 nearby median5 condos$1.38M avg price2.7% implied
2-Bedroom$4,000 nearby median5 condos$1.84M avg price2.6% implied
3-Bedroom$4,800 nearby median5 condos$2.71M avg price2.1% implied
4-Bedroom$6,825 nearby median5 condos$3.63M avg price2.3% implied
5-Bedroom$9,300 nearby median3 condos$5.04M avg price2.2% implied
Rent and yield compared with nearby condos

Implied gross yield: a year of the nearby median rent (leases starting Sep 2025–Aug 2026) over the average price of its sales in the last 12 months, before costs. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — Unit mix

Vela Bay floor plans by bedroom type

28 layouts across 515 units, from a 484 sq ft 1-bedroom to a 1,765 sq ft penthouse. Pick a type to see its floor plans.

Bedroom typeLayoutsSize rangeUnits
Typical $psf1-Bedroom $3,029 – $3,209 psf · 2-Bedroom $2,743 – $3,029 psf · 3-Bedroom $2,591 – $3,031 psf · 4-Bedroom $2,721 – $3,165 psf · 5-Bedroom $2,872 – $3,247 psf · Penthouse $3,249 psf (developer price list)

Source: Developer brochure

05 — Launch progress
76%
Sold
392
Units sold
123
Unsold
Developer sales by month
Apr 2026366 sold366 of 515 total$2,871 psf avg
May 20264 sold370 of 515 total$2,733 psf avg
Jun 20262 sold372 of 515 total$2,992 psf avg
Jul 20269 sold381 of 515 total$2,849 psf avg
Aug 20263 sold384 of 515 total$3,033 psf avg
Sep 20263 sold387 of 515 total$2,934 psf avg
Oct 20265 sold392 of 515 total$2,786 psf avg
Nov 2026No sales392 of 515 total

Source: URA caveats, Nov 2026

06 — Layout and stacks

Vela Bay stack plan

1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom 5-Bedroom Penthouse Sold

Tap a unit for its size, price and floor plan.

Block 19 units per floor · levels 1–31
#01#02#03#04#05#06#07#08#09 L31L30L29L28L27L26L25L24L23L22L21L20L19L18L17L16L15L14L13L12L11L10L9L8L7L6L5L4L3L2L1

Based on 392 sales with a recorded unit number. A sale only appears once a caveat is lodged with URA, and not every buyer lodges one, so a unit with no sale shown is not necessarily available.

Source: Developer brochure; URA caveats, Nov 2026; developer price list

07 — Location

Near Vela Bay

MRT stations
TE Bayshore 30 m · 1 min walk
TE Bedok South 1.1 km · 13 min walk
TE Siglap 1.9 km · 23 min walk
EW Tanah Merah 2.4 km · 28 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
Temasek Primary SchoolPopular 740 m · 12 min walk
Within 2 km
Bedok Green Primary School 1.3 km · 19 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. Check the MOE website for confirmation.

Everyday amenities
Park East Coast Park 250 m · 3 min
Clinic Clinic@Costa 150 m · 2 min
Supermarket Golden Ticket 970 m · 12 min
Hawker centre East Coast Lagoon Food Village 2.0 km · 24 min
Map of the area around Vela Bay, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

08 — Nearby

Condos and supply around Vela Bay

Upcoming supply
Bayshore Road190 m · about 490 units · 1.05 ha Awarded · $14,945 psm GFA · Mar 2025
Bayshore Drive430 m · about 1,658 units · 5.74 ha Awarded · $14,244 psm GFA · Jul 2026
Bedok Rise1.8 km · about 361 units · 2.03 ha Awarded · $14,315 psm GFA · Dec 2025
New Upper Changi Road1.9 km · about 983 units · 3.16 ha Awarded · $16,545 psm GFA · Sep 2026

Source: URA transactions; URA land sales; OneMap distances, Nov 2026

09 — From Stacked

Read more about Vela Bay

34 more articles mention Vela Bay.

Source: Stacked Homes editorial

10 — FAQ

Questions about Vela Bay

What is the tenure of Vela Bay?

99-year lease.

When will Vela Bay be completed?

The expected TOP is 2031.

How many units does Vela Bay have?

515 units in two blocks, Block 1 and Block 3, up to 31 storeys.

What sizes are the 2-bedroom units?

592 to 689 sq ft across nine layouts.

How much are the units at Vela Bay?

From $1.47M for a 1-bedroom, from $1.7M for a 2-bedroom, from $2.31M for a 3-bedroom, from $3.19M for a 4-bedroom, from $4.54M for a 5-bedroom and from $5.74M for a penthouse, going by the developer price list. Prices change often: speak with us for the latest pricing.

How many units have been sold?

392 of 515 as of Nov 2026, at an average of $2,870 psf, from $1.25M to $5.83M.

What did the latest sale go for?

A 1,378 sq ft unit sold for $3.86M ($2,804 psf) on 31 Oct 2026.

What is the nearest MRT station?

Bayshore (TE), a 1-minute walk (30 m). Bedok South (TE) is 1.1 km away.

Which primary schools are within 1 km?

Temasek Primary School, 740 m away.

Who is the developer?

SingHaiyi Group & Chuan Investments.

Answers generated from the data on this page, Nov 2026