Imagine waking up on a Saturday morning to golden sunshine, a sea breeze filling the air as you make your morning coffee. You sit down, wondering if you should head downstairs for a jog along East Coast Park or take the MRT for a day trip to Johor Bahru.
This is the experience offered by Vela Bay, a new sea-facing condo located near the CBD. Positioned for easy connectivity and close to lifestyle amenities, Vela Bay offers potential as both a residential and investment option. Let’s take a look at what makes this development stand out.
Vela Bay: First private launch in the new Bayshore district
Image credit: SingHaiyi Group
Launched by SingHaiyi Group, Vela Bay is a 99-year leasehold condo comprising two 31-storey residential towers offering a total of 515 units. The mix runs from 1-bedder to 5-bedder units spanning 484sqft to 1,582sqft, as well as two 1,765sqft penthouses.
A key highlight of the development is that over 70% of the units are sea-facing. According to SingHaiyi Group, homes at Vela Bay are designed to capture the sea breeze, allowing for natural airflow and a more comfortable indoor environment throughout the day. Snag a high enough floor and you’ll get unblocked views of the eastern coastline. Even on a lower floor, you’ll still wake up to views of the foliage and canopy of East Coast Park.
Image credit: Loveal Chen
The layouts at Vela Bay prioritise functionality, with an emphasis on natural ventilation, spatial efficiency, and everyday comfort. Units come with premium finishes and fittings, as well as appliances from brands such as Miele, SMEG, Geberit, and Newform.
Image credit: SingHaiyi Group
Facilities-wise, residents get two clubhouses, a co-working space, a 50m infinity pool, gym, pavilion, playground, outdoor fitness corner, and a tennis court. Vela Bay is set to TOP in 2031.
Great location, schools, amenities & public transport connectivity
Image credit: Frasers Property
Another draw of Vela Bay is its proximity to East Coast Park. From the condo, take the underpass next to Bayshore MRT and you’ll emerge right next to the dog park and Xtreme SkatePark. That means easy access to a jog, cycle, or popular spots like East Coast Lagoon Food Village for local hawker fare.
Residents will also benefit from the future Bayshore neighbourhood as it develops. According to the URA, Bayshore is slated to become a vibrant 60ha waterfront precinct with shops, cafes, parks, and a brand new SAFRA, which is set to be the largest in Singapore.
In terms of schools, the closest within 1km are:
- Temasek Primary
- Temasek Secondary
And those within a 2km radius are:
- Bedok Green Primary
- Victoria School
- Tao Nan School
- Bedok View Secondary
- Haig Girls’ School
- Victoria Junior College
- Singapore University of Technology & Design (SUTD)
How much will the units at Vela Bay condo cost?
Prices won’t be confirmed until the official launch, but based on reports online, estimates place 1-bedder + study units at around $1.2M, 2-bedders from $1.4M, 3-bedders from $2.2M, 4-bedders from $3.1M, and 5-bedder units from $4.5M.
What makes Vela Bay so attractive?
First mover advantage in the new Bayshore district
Vela Bay is the first private launch in the new Bayshore district. We’ve already seen the first few HDB BTO projects launch, and more will follow over the next few years.
As the first private launch in the area, early buyers stand to benefit from significant upside potential. This means entering before the area fully matures means prices don’t yet reflect its future value. As Bayshore develops with more amenities, transport nodes, and lifestyle offerings, early entrants may see stronger capital appreciation.
Strong investment potential
With 515 units on offer, Vela Bay strikes a balance between exclusivity and liquidity. This means they’re large enough to generate consistent transaction activity, yet not overly saturated.
Combined with proximity to schools, transport, and lifestyle amenities, it positions itself well for both resale demand and tenant appeal.
Worth noting too: all BTO projects launched in Bayshore so far have been classified as Plus flats, which come with a 10-year MOP. Buyers who don’t want to be tied down that long will naturally look at private alternatives, and Vela Bay stands to benefit from that dynamic.
Fantastic connectivity via Bayshore MRT on the TEL
Image credit: VincentKoh LUMCFan
Properties next to a major MRT station command a premium, and Bayshore MRT is right at Vela Bay’s doorstep.
The TEL is as versatile as it gets: CBD-bound commuters will find Maxwell, Marina Bay, and Shenton Way just a few stops away. For retail therapy, Orchard and Great World are a quick ride. And the future RTS link to Malaysia integrates directly with Woodlands North station at the end of the TEL, making JB day trips genuinely hassle-free.
In the mid-2030s, the TEL will also extend to Changi Airport, enhancing connectivity further.
Expect strong demand at launch
As the first private launch in the up-and-coming Bayshore district, much of Vela Bay’s appeal lies in the URA Master Plan materialising. The strong response to Bayshore’s BTO launches gives a good indication of how popular residential properties here will be. Plus, with the last new condo launch in the vicinity nearly a decade ago, pent-up demand from aspiring east-side residents is very real.
In short, Vela Bay checks pretty much every box: sea views, MRT on the doorstep, and strong capital appreciation potential. Consider us sold.
The Vela Bay showflat is located along Eunos Avenue 3, open daily from 10am-8pm. Vela Bay is launching this weekend, so if you’re seriously considering a unit, get in touch with your agent and prep your documents soon.
Read our other condo-related articles here:
- Things to know about condo living from MCST fees & estate rules
- Smart & practical condo features that make life easier for big families
- Why I chose condo living over a landed house
Cover image adapted from: Vela Bay
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