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. Joint developers SingHaiyi Group and Chuan Capital are behind the project; SingHaiyi's prior residential projects include 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. [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. On launch day, 25 April 2026, the developers reported 371 of 515 units sold (72%) at a launch-day average of $2,886 psf; 386 of 515 were sold as at September 2026. Transacted prices over the twelve months to October 2026 ran from $2,532 to $3,302 psf. Remaining one-bedroom-plus-study units were listed from $1,377,095 in late August 2026, six units at that date.
What to watch. The Bayshore precinct land supply pipeline is significant.
Visit the Vela Bay showflat with us.
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.
Park connector to East Coast Park
A park connector runs from the site to East Coast Park.
Bayshore growth precinct
URA's Master Plan 2019 designates Bayshore as a residential growth node, with a mixed-use town centre planned along the MRT corridor. Town centre timing remains subject to URA finalisation.
Fit & trade-offs
Who this is for.
A unit in 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
- ·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-$1.2M 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: $2,532 - $3,303 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, Chuan Capital (via Bayshore Walk Pte. Ltd.) priors.
Risks & catalysts
Risks and what to watch.
- ·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
- ·No TOP date has been published (TBC), so the completion date that sets the length of the progressive-payment period is not yet confirmed
- ·The launch-day average of $2,886 psf is developer-reported (25 April 2026) and has not been recomputed from URA caveats
- ·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 runs from the site to East Coast Park
- ·URA Master Plan 2019 designation as a residential growth node, with a mixed-use town centre planned along the MRT corridor
FAQ
What buyers ask.
Q01When does Vela Bay launch and what stage is the project at?
The showflat preview opened in April 2026 and sales launched on 25 April 2026, when the developers reported 371 of 515 units sold. As at September 2026, 386 of 515 units were sold. Vela Bay is at primary-market available status, and the developer is Bayshore Walk Pte. Ltd. (Housing Developer's Licence C1542), a joint development by SingHaiyi Group and Chuan Capital. The full e-brochure, with per-stack floor plan variants, is published on the developer's site.
Q02What is planned around Vela Bay?
URA's Master Plan 2019 designates Bayshore as a residential growth area, with a mixed-use town centre planned along the MRT corridor. Timing remains subject to URA.
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. On launch day, 25 April 2026, the developers reported 371 of 515 units sold (72%) at an average of $2,886 psf, with 1-Bedroom + Study units priced from above $1.2M and one penthouse sold at $5.83M ($3,303 psf). As at 28 August 2026, remaining one-bedroom-plus-study units were listed from $1,377,095, with six left.
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.
Showflat visit
Book a showflat visit: Vela Bay.
We'll accompany you to the showflat and bring a one-page URA past-sales comparison for the units you're considering.