Vela Bay.
The brief
Vela Bay comprises two 31-storey towers on Bayshore Road, directly across from East Coast Park and a three-minute walk from Bayshore MRT on the Thomson-East Coast Line. Developer EL Development has an established track record in the East Coast corridor, including Parc Riviera (West Coast Vale) and Copen Grand (Tengah).
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) provides direct access to Gardens by the Bay (3 stops), Marina Bay (4 stops), and Orchard (8 stops). East Coast Park is directly accessible via an underpass from the development site. Bedok town centre with full amenities is 1.4km by road or accessible via a short bus connection.
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. [All pricing figures are unconfirmed - treat as indicative only.]
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.
Three things to know.
TEL at 3 minutes
Bayshore MRT (TE29) opens with the development. 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
Direct underpass access to the park from the site boundary. 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 directly across the road via underpass 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 East Coast Park frontage
- ·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
20 typologies.
Block + stack layout. 515 units across 20 typologies.
Living here
On site, around.
- 50m lap poolpool
- Family poolpool
- Kids poolpool
- Gymnasiumwellness
- Yoga deckwellness
- Sky terracesocial
- Function roomsocial
- BBQ pavilionssocial
- Childcare centreutility
- Conciergeutility
- Temasek Primary Schoolprimary
- Temasek Secondary Schoolsecondary
- Haig Girls' Schoolprimary
- Tao Nan Schoolprimary
- Victoria Schoolsecondary
- Temasek Junior CollegeJC
Location
Bayshore Road, Singapore.
Comparables
Other launches in context.
Track record
SingHaiyi Group 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
- ·TOP estimated around 2030 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) opens for service with the development, providing direct TEL access to Marina Bay, Orchard, and Woodlands
- ·East Coast Park frontage with direct underpass access 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, the developer (Sing-Haiyi Garnet Pte. Ltd., a JV of SingHaiyi Group and Haiyi Holdings) is publishing draft type-family floor plans on the microsite, with full per-stack variants and the eBrochure released closer to launch. Estimated TOP is around 2030.
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 Road 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 on Bayshore Road with 515 units in two 31-storey towers, Bayshore MRT (TE29) two minutes on foot, and East Coast Park directly across the road. The trade is freehold and boutique scale at Bagnall Haus versus 99-year tenure with TEL station-front access and East Coast Park frontage 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 Bayshore Road 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. The TE29 station is scheduled to open with the development, the precinct around it is being built up alongside the residential delivery.
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