Vela Bay — Bayshore Waterfront New Launch
Preview 11 April 2026
District 16  ·  Bayshore Road  ·  East Coast

Vela Bay

首航  ·  First New Launch in Bayshore Enclave After 26 Years
515
Total Units
31
Storeys · 2 Towers
70%
Sea-Facing Units
TE29
Bayshore MRT · Doorstep
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Target Preview: 11 April 2026  ·  First new private launch in Bayshore in 26 years  ·  Register now for priority preview appointment

99
Years Leasehold
From 2025
$1,388
Land Rate PSF PPR
GLS top bid Mar 2025
$658.9M
GLS Winning Bid
SingHaiyi-Garnet
4.2
Plot Ratio
101-105m height
10,497
Site Area sqm
44,075 sqm max GFA
<1km
Temasek Primary
Within 1km school ballot
10 Reasons to Buy

Why Vela Bay is a Rare Buy

01
First Mover Advantage
Only 515 units in the entire Bayshore Enclave right now. Future GLS sites will be further from the MRT and may or may not have sea views. Enter at launch price before the precinct is built out.
02
Doorstep to Bayshore MRT
TE29 Thomson-East Coast Line is literally at your lobby. Raffles Place in 9 stops. Gardens by the Bay in 7. Marine Parade in 3. Changi Airport in 5. No transfers for most destinations.
03
70% Sea-Facing Units
Unobstructed views over East Coast Park and the South China Sea for 7 in 10 units. Sea views in the East command a proven premium — Seaside Residences outperformed non-seaview projects over 10 years.
04
60-Hectare Precinct Transformation
The new Bayshore Precinct will house ~10,000 homes, a 3-hectare Central Park, the largest Safra clubhouse opening 2030, an Integrated Transport Hub with 22,500 sqm commercial space, and health and medical facilities.
05
7,000 HDB Upgrader Pipeline
Bayshore Palms and Bayshore Vista BTO launches will produce thousands of future upgraders who will naturally look to Vela Bay as their next step — sustaining resale demand for years ahead.
06
Land Cost Below Comparable Projects
At $1,388 psf ppr, Vela Bay's land rate is lower than the Tanjong Rhu GLS ($1,455 psf ppr) and many CCR launches. Buyers get more headroom for future appreciation compared to higher-cost sites launching nearby.
07
Temasek Cluster Schools Within 1km
Temasek Primary is within 1km, qualifying residents for the Phase 2B school ballot advantage. Temasek Secondary, Temasek Junior College, and Bedok Green Primary are also in the 2km radius.
08
Reputable SingHaiyi Developer
SingHaiyi Group is behind Grand Dunman, Parc Clematis, Kopar at Newton, Sora, One Sophia, and Park Colonial — a track record of well-delivered, quality projects at multiple price points across Singapore.
09
East Coast Park at Your Doorstep
A 400m walk through the existing underpass or via the planned overhead bridge connects residents to East Coast Park — Singapore's most popular recreational coastal stretch. Park Connector links included.
10
Sell High, Buy Harmonised
Resale quantums for older nearby projects like Costa Del Sol and Seaside Residences are now $2,100–$2,500 psf. By buying into Vela Bay at launch, you swap an ageing unit for a brand new 99-year lease at potentially better value in psf terms.
Thomson-East Coast Line

Everything is Close

Bayshore MRT (TE29) is at the lobby. Vela Bay sits between the airport and the city on the TEL, with a future TEL extension connecting through Changi Terminal 5 by mid-2030s.

—Here
Bayshore MRT (TE29)
Thomson-East Coast Line · Doorstep
3stops
Marine Parade MRT
Thomson-East Coast Line
5stops
Changi Airport MRT
East-West Line (interchange via Tanah Merah)
7stops
Gardens by the Bay MRT
Thomson-East Coast Line
9stops
Bayfront MRT
Downtown Line & Circle Line
9stops
Raffles Place MRT
East-West Line

A new vehicular flyover connecting Bayshore to the ECP is expected to be fully complete by 2030, further improving road connectivity.

Bayshore Precinct

Right in the Middle of Transformation

🏙️
60-Hectare New Town
~10,000 homes (7,000 HDB, 3,000 private). A brand new waterfront urban village — car-lite, park-rich, with Transit Priority Corridor along Bayshore Drive.
🌳
3-Hectare Central Park + Linear Park
A "living in a park" environment. New central park surrounded by housing, plus a linear park running the full edge of the estate connecting to East Coast Park.
🏥
Future Health & Medical Hub
Dedicated health and medical land use earmarked within the precinct. Future educational institution also planned on adjacent land parcels.
🏋️
Largest Safra Opens 2030
Safra Bayshore will be the largest Safra clubhouse in Singapore at 30,000 sqm, located next to the new Bedok South MRT station.
🚌
Integrated Transport Hub
Bedok South Integrated Transport Hub (ITH) planned for Mar 2026 GLS launch. 22,500 sqm commercial space and 1,280 private residential units — a future lifestyle node 2 stops from Vela Bay.
The Investment Case

Punggol grew +99% in PSF over 25 years as its town was built out.

Bayshore is following the same township development arc — but with a waterfront setting, a new TEL MRT line, and proximity to the existing East Coast Park lifestyle belt. Vela Bay buyers get in at ground floor of this transformation.

60ha
Precinct Size
10,000
Planned Homes
2030
Safra & ITH Open
Market Data

Sea Views Drive Returns in the East

Over 10 years (2016–2025), Seaside Residences — the closest comparable East Coast seaview project — outperformed Bedok Residences (an integrated development) in PSF growth: +35.85% vs +33.57%. With 70% of Vela Bay's units sea-facing, the project is positioned strongly for long-term performance.

Seaside Residences (Seaview · Siglap)
+35.85%
PSF growth 2016–2025  ·  Transacting ~$2,500 psf avg
Costa Del Sol (Nearby · Bayshore Road)
~$2,100
PSF resale today  ·  70 years lease remaining  ·  Harmonised equivalent ~$3,148 psf

Analyst consensus: Vela Bay launch prices likely to start from $2,700–$2,800 psf. Costa Del Sol's harmonised equivalent of $3,148 psf means upgraders get a brand new 99-year lease at potentially lower psf than resale alternatives.

Indicative Price Guide

Possible Price Range

Prices have not been officially confirmed. The table below shows indicative ranges based on analyst estimates and comparable GLS land cost. Contact Keith for the latest price guide as preview approaches.

Unit Type Size (sqft) No. of Units Est. Price (~$2,700 psf) Est. Price (~$2,800 psf) Official Price (TBA)
1 Bedroom + Study48427 unitsTBATBATBA
2 Bedroom59284 unitsTBATBATBA
2 Bedroom Premium678 / 689113 unitsTBATBATBA
3 Bedroom883 / 89387 unitsTBATBATBA
3 Bedroom Premium1,03388 unitsTBATBATBA
4 Bedroom1,17362 unitsTBATBATBA
4 Bedroom PL1,37826 unitsTBATBATBA
5 Bedroom PL1,58226 unitsTBATBATBA
Penthouse1,7652 unitsTBATBATBA

All unit sizes and prices are estimates and may vary depending on specific unit attributes, floor level, facing, and other factors. This table is for indicative planning purposes only and does not constitute a price list. Contact Keith Tan for official pricing when released.

Developer Track Record

Built by SingHaiyi Group

Vela Bay is developed by SingHaiyi-Garnet Pte Ltd — a joint venture between SingHaiyi Group and Chuan Investments. SingHaiyi has delivered some of Singapore's best-performing launches of the past decade.

Grand Dunman
Dunman Road · 1,008 units
Parc Clematis
Clementi · 1,468 units
Kopar at Newton
Newton · 378 units
Sora
Jurong Lake District
One Sophia
Sophia Road · Mixed Use
Park Colonial
Woodleigh · 805 units
Common Questions

Frequently Asked

The target preview date is 11 April 2026. Register your interest now with Keith Tan to secure a priority viewing appointment and first access to unit selection. Official launch date and price list will be released closer to preview.
The Bayshore precinct was previously occupied by military land and other state uses. The land was released by the government as part of the new 60-hectare Bayshore housing estate masterplan only in recent years. The GLS site that became Vela Bay was awarded to SingHaiyi-Garnet in March 2025 — making this the very first private new launch in the Bayshore Enclave since Costa Del Sol launched in the year 2000.
Official prices have not been released. Analysts estimate launch prices will likely start from approximately $2,700 to $2,800 psf based on the GLS land rate of $1,388 psf ppr and the developer's breakeven of approximately $2,528 psf. Average launch prices may be above $2,800 psf. Contact Keith for the latest guidance and access to the official price list when released.
Yes — for two reasons. First, today's resale HDB prices in the East are at historic highs, meaning upgraders can sell high. Second, Vela Bay's estimated launch PSF ($2,700–$2,800) is actually lower than the harmonised-equivalent PSF of older resale projects in the same area (Costa Del Sol ~$3,148 harmonised; Seaside Residences ~$2,781 harmonised). You get a brand new 99-year lease at potentially better value per square foot. Speak to Keith for a full upgrade calculation.
ABSD applies as per prevailing Singapore government regulations. Singapore Citizens pay 0% ABSD on their first residential property. Singapore Permanent Residents pay 5% on their first residential property. Foreigners currently pay 60% ABSD. All rates are subject to change. Contact Keith Tan for a full financial eligibility review before making any purchase decisions.
No. For new launch condominiums in Singapore, the buyer's agent commission is paid entirely by the developer — not by you. You pay the exact same direct developer price whether you engage Keith or walk in alone. Working with Keith gives you experienced unit selection advice, full stack analysis, access to the latest pricing and availability, and complete transaction support at zero additional cost to you.

Set Sail First.

Register now for priority preview appointment on 11 April 2026

💬 WhatsApp Keith Now Call +65 9750 1055

Keith Tan Boon Kee  ·  ERA Division Director  ·  CEA R003793E  ·  WeChat: keithtanbk

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