Project Specifications
| Attribute | Details |
|---|---|
| Project Name | Vela Bay |
| Developer | SingHaiyi Group |
| Tenure | 99-Year Leasehold |
| District | 16 (Bedok / Upper East Coast) |
| Site Area | ~112,991.9 sqft |
| Total Units | 515 Units |
| Land Rate | $1,388 psf ppr |
| Expected TOP | 2030 |
Unit Mix & Positioning
With 515 units, Vela Bay is structured as a broad-coverage OCR project. The mix is expected to range from 1BR to larger family layouts.
- 1+Study: Investor-friendly, TEL commuter demand
- 2BR: Core volume segment
- 3–5BR: East Coast upgrader families
Large-scale developments typically support deeper resale liquidity than boutique projects.
Site Plan, Floor Plans & Official Assets
Looking for the official factsheet, site plan and floor plans?
To keep this page focused on strategy and pricing context, the official assets (location map, site plan, unit layouts, balance units chart) are hosted on the project microsite.
- Project Factsheet
- Location Map
- Site Plan
- Floor Plans
- Balance Units Chart
- Developer Profile
Land Cost & Pricing Logic
The $1,388 psf ppr land benchmark sets a firm OCR pricing floor. This suggests pricing will align closely with recent District 15 launches.
Buyers should evaluate entry discipline, stack selection and holding horizon. This is not positioned as early-cycle undervalued land entry.
Comparative Positioning
| Project | Tenure | MRT Distance | Positioning |
|---|---|---|---|
| Vela Bay | 99Y | ~110m (TEL) | Large-scale OCR MRT premium |
| Meyer Blue | Freehold | ~622m | Luxury sea-facing D15 |
| Emerald of Katong | 99Y | ~608m | Prime Katong lifestyle hub |
Value Assessment
- MRT-first buyers: Immediate TEL access
- Rental depth focus: CBD-linked commuter demand
- Long-hold strategy: 5–10 year positioning
- East Coast uplift: TEL transformation effect
Location & Connectivity
- ~110m to Bayshore MRT (TEL)
- Direct access to ECP & PIE
- Near East Coast Park
- Near Temasek Primary
Rental & Tenant Depth
TEL connectivity supports CBD commuting within ~20 minutes. Tenant pool includes CBD professionals, Changi Airport workforce, and East Coast expatriates.
Progressive Payment Structure
As a 2030 TOP project, Vela Bay benefits from the Progressive Payment Scheme, allowing capital deployment to be spread across construction milestones.
Buyers should also evaluate financing structure via the Housing Loan & Affordability Guide.
Buyer Suitability
- East Coast upgraders
- Rental-focused investors
- Long-horizon buyers prioritising MRT access
5-Year Scenario Outlook
- TEL commuter growth
- East Coast launch supply
- Interest rate cycle normalisation
Gradual appreciation more likely than rapid repricing.
Strategic Verdict
Vela Bay is a connectivity-anchored OCR development designed for rental depth and structural stability. Its value lies in MRT adjacency, scale liquidity and East Coast positioning — not land-cost arbitrage.
For buyers prioritising transport access, holding power and long-term resilience, Vela Bay offers stability. For aggressive short-cycle gains, entry discipline becomes critical.
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