Vela Bay.
The brief
Vela Bay comprises two 31-storey towers at Bayshore Walk, a short walk from East Coast Park by park connector and a two-minute walk from Bayshore MRT (TE29) on the Thomson-East Coast Line. Developers SingHaiyi Group and Haiyi Holdings have delivered residential projects including Parc Clematis (1,468 units, Jalan Lempeng) and The Lilium (How Sun Road, fully sold prior to TOP).
The site sits within the Bayshore precinct, a designated growth node under the URA Master Plan 2019. The upcoming Bayshore residential enclave will eventually add approximately 10,000 new homes to the area, with a mixed-use town centre planned along the MRT corridor. [Town centre timeline and programme subject to URA finalisation.]
Location context. Bayshore MRT (TE29) has been open for service since 23 June 2024 and provides direct access to Gardens by the Bay (7 stops), Marina Bay (8 stops), and Orchard (14 stops). A park connector runs from the development site to East Coast Park. Bedok town centre with full amenities is accessible via a short bus connection or drive.
Price context. Indicative psf at $2,100 - $2,450 represents a premium of 8-12% over comparable East Coast resale units in the same vintage, reflecting the TEL MRT proximity and new-build premium.
What to watch. The Bayshore precinct land supply pipeline is significant. Buyers should model future supply impact on exit capital values before committing. The East Coast Park proximity is a durable locational advantage that has historically supported resale demand in the corridor.
New briefs before they open.
Three things to know.
TEL at 2 minutes
Bayshore MRT (TE29) has been open for service since 23 June 2024. Direct access to Gardens by the Bay, Marina Bay, and Orchard without changing lines - a rare straight shot from the East Coast to the city.
East Coast Park, permanently
A park connector runs from the site to East Coast Park. The park is a permanent green belt - it cannot be developed. Unlike MRT proximity, this amenity has no supply risk.
Bayshore precinct uplift
URA's Bayshore growth node designation means new town centre amenities, retail, and infrastructure are coming. Buying pre-town-centre is historically the better entry point in Singapore new towns.
Fit & trade-offs
Who this is for.
First-mover entry into URA's Bayshore precinct on a 99-year title, two-minute walk to Bayshore MRT (TE29) on the Thomson-East Coast Line, and East Coast Park a short walk away by park connector with two-tower 515-unit scale and unit sizes through to a 1,765 sqft penthouse
A fully freehold title, an established town centre and mall at the doorstep on Day 1, and the lower entry quantum available on smaller OCR launches further from the TEL
- ·Buyers entering the Bayshore precinct ahead of the new town centre delivery
- ·Buyers wanting Thomson-East Coast Line walkability with a park connector to East Coast Park
- ·Buyers prioritising larger 3-Bedroom and 4-Bedroom sizes from a primary OCR launch
- ·Buyers anchoring on a fully freehold title rather than 99-year leasehold
- ·Buyers requiring an established mall and town centre at the doorstep on Day 1
- ·Buyers seeking sub-$1.4M entry quantum on a 1-Bedroom variant
Unit mix
515 units. 9 typologies.
| Type | Size (sqft) | No. of Units |
|---|---|---|
| 1-Bedroom + Study | 484 | 27 |
| 2-Bedroom | 592 | 84 |
| 2-Bedroom Premium | 678-689 | 113 |
| 3-Bedroom | 883-893 | 87 |
| 3-Bedroom Premium | 1033 | 88 |
| 4-Bedroom | 1173 | 62 |
| 4-Bedroom Private Lift | 1378 | 26 |
| 5-Bedroom Private Lift | 1582 | 26 |
| Penthouse | 1765 | 2 |
Across launch: $2,100 - $2,450 psf. Per-variant pricing on application.
Floor plans
9 typologies.
Block + stack layout. 515 units across 9 typologies.
| Type | Variant | Plan size (sqft) |
|---|---|---|
| 1 Bedroom + Study | 1BR+S(A) | 484 |
| 2 Bedroom | 2BR(A) | 592 |
| 2 Bedroom | 2BR(B) | 592 |
| 2 Bedroom | 2BR(C) | 592 |
| 2 Bedroom Premium | 2BR P(A) | 689 |
| 2 Bedroom Premium | 2BR P(B) | 689 |
| 2 Bedroom Premium | 2BR P(C) | 678 |
| 2 Bedroom Premium | 2BR P(D) | 678 |
| 3 Bedroom | 3BR(A) | 883 |
| 3 Bedroom | 3BR(B) | 893 |
| 3 Bedroom | 3BR(C) | 883 |
| 3 Bedroom Premium | 3BR P(A) | 1033 |
| 3 Bedroom Premium | 3BR P(B) | 1033 |
| 3 Bedroom Premium | 3BR P(C) | 1033 |
| 4 Bedroom | 4BR(A) | 1173 |
| 4 Bedroom | 4BR(B) | 1173 |
| 4 Bedroom Private Lift | 4BR PL | 1378 |
| 5 Bedroom Private Lift | 5BR PL | 1582 |
| Penthouse | PH 1 | 1765 |
| Penthouse | PH 2 | 1765 |
Living here
On site, around.
- The Vela Poolpool
- Kids poolpool
- Gymnasiumwellness
- Wellness deckwellness
- Function roomsocial
- BBQ pavilionssocial
- Arrival lobbyutility
- Temasek Primary Schoolprimary
- Temasek Secondary Schoolsecondary
- Victoria Schoolsecondary
Location
Bayshore Walk, Singapore.
Comparables
Other launches in context.
Track record
SingHaiyi Group (via Bayshore Walk Pte. Ltd.) priors.
Risks & catalysts
What could move.
- ·Bayshore precinct town centre programme and timing remain subject to URA finalisation, the on-the-ground amenity build-out lags the residential delivery
- ·Significant Bayshore land supply pipeline ahead, future GLS sites in the precinct will add 99-year stock at potentially competitive pricing
- ·The estimated TOP leaves a long deposit-payment window before keys, primary-market progression dominates the first three to four years
- ·OCR D16 launch psf at $2,100 to $2,450 is at the upper end of the eastern OCR cohort, resale spreads compress quickly when wider East Coast sentiment softens
- ·Bayshore MRT (TE29) has been open for service since 23 June 2024, providing direct TEL access to Marina Bay, Orchard, and Woodlands
- ·A park connector to East Coast Park is a non-replicable address attribute, the park is a permanent green belt
- ·URA Master Plan 2019 designation as a residential growth node points to ~10,000 new homes and a planned mixed-use town centre along the MRT corridor
- ·First private launch in the Bayshore precinct, vintage-of-record positioning when the precinct matures
FAQ
What buyers ask.
Q01When does Vela Bay launch and what stage is the project at?
Developer-published launch date is 11 April 2026, with the showflat preview opening shortly before. Vela Bay is at primary-market available status, and the developer is Bayshore Walk Pte. Ltd. (Housing Developer's Licence C1542), a SingHaiyi Group development. The full e-brochure, with per-stack floor plan variants, is published on the developer's site.
Q02Is Vela Bay the first private condo in the Bayshore precinct?
Yes. The Bayshore residential precinct is a designated growth node under URA Master Plan 2019, with around 10,000 new homes planned over the coming decade alongside a mixed-use town centre on the MRT corridor. Vela Bay is the first private launch on the Bayshore Walk parcel, ahead of the precinct town centre delivery.
Q03How does Vela Bay compare to Bagnall Haus on Upper East Coast?
Both are 2025-2026 launches in District 16. Bagnall Haus (Jan 2025) is freehold on Upper East Coast Road with 113 units and Sungei Bedok MRT (TEL/DTL interchange) further east. Vela Bay is 99-year leasehold at Bayshore Walk with 515 units in two 31-storey towers, Bayshore MRT (TE29) two minutes on foot, and a park connector to East Coast Park. The trade is freehold and boutique scale at Bagnall Haus versus 99-year tenure with TEL station-front access and a park connector to East Coast Park at Vela Bay.
Q04What is the unit mix and where does pricing start?
515 units across 9 type families. 1-Bedroom + Study at 484 sqft, 2-Bedroom at 592 sqft, 2-Bedroom Premium at 678 to 689 sqft, 3-Bedroom at 883 to 893 sqft, 3-Bedroom Premium at 1,033 sqft, 4-Bedroom at 1,173 sqft, 4-Bedroom Private Lift at 1,378 sqft, 5-Bedroom Private Lift at 1,582 sqft, and Penthouse at 1,765 sqft. Indicative launch psf is $2,100 to $2,450 with entry from $1.05M for the 1-Bedroom + Study and up to $3.6M at the upper band, refreshed at preview.
Q05How does Vela Bay's MRT proximity work and which lines are reachable?
Bayshore MRT (TE29) is approximately a two-minute walk from the site on the Thomson-East Coast Line. The TEL provides direct access to Marina Bay, Orchard, and Woodlands without changing lines. Bedok MRT (East-West Line) is a short bus or drive away for EWL transfers. Bayshore station has been open for service since 23 June 2024, and the precinct around it is being built up alongside the residential delivery.
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