Vela Bay Condo Review | Bayshore New Launch, Is It Worth Buying?
In recent years, the tranquil neighbourhood of Bayshore has quietly grown into one of Singapore’s most prestigious and sought-after neighbourhoods. Filled with lush greenery and endless recreational opportunities, Bayshore sits on the city’s fringe and provides residents with an alluring mix of leisure and convenience.
Velay Bay sits right in the heart of this transformation, offering a relaxed, seaside vibe while still being firmly connected to the city. The first private condo in URA’s Bayshore Master Plan, this exciting new development is a stone’s throw from the beloved East Coast Park.
To make things even better for residents, the new Bayshore MRT on the Thomson-East Coast Line is a mere two-minute stroll away, making daily commuting another walk in the park!
| Vela Bay Project Details | Details |
|---|---|
| Developer | SingHaiyi Group |
| Tenure | 99-year leasehold |
| Units | 515 (one main 31-storey block) |
| Site area | ~105,500 sq ft |
| Land cost | S$1,388 psf ppr (2025 GLS) |
| Est. Launch Date | Mar/Apr 2026 |
| Est. TOP | 2030 |
| Est. launch PSF | S$2,700–S$2,850 |
Vela Bay Location & Connectivity
Vela Bay sits on the west of the Bayshore neighbourhood, bordered by Bayshore Road, Bayshore Drive, and East Coast Parkway (ECP), a major expressway.
Residents with vehicles can quickly access key destinations across Singapore, like Changi Airport, the Central Business District (CBD), Marina Bay, Singapore Expo, and Chai Chee. This cuts travel time to about 10 to 15 minutes to Changi Airport and 15 to 20 minutes to the CBD.
Bayshore MRT along the Thomson-East Coast Line is a two-minute walk next door. Residents are six stops from Changi Airport using the Downtown Line and East-West Line, and getting to key interchanges like Marina Bay, City Hall, Outram Park, and Dhoby Ghaut takes approximately 25 to 40 minutes.
Seafront living with an MRT station practically at your doorstep is something you rarely find along the East Coast, which is what makes Vela Bay especially attractive. Many established projects nearby, such as Seaside Residences and Costa Del Sol, offer coastal views and a relaxed lifestyle, but they do not enjoy direct access to an MRT station.
Nevertheless, these developments are already seeing healthy resale interest, showing how strong demand is for well-located homes in this part of Singapore. With both seaside living and modern transport connectivity coming together, Vela Bay is well-placed to benefit from long-term lifestyle appeal and future value growth.
Proximity to Our Beloved East Coast Park
Being so close to East Coast Park brings a lifestyle that is hard to replicate elsewhere in Singapore. It is not just about having greenery nearby, but about having a massive stretch of coastline where daily life naturally feels more relaxed and balanced.
Morning jogs by the sea, casual evening walks, weekend cycling, and simple picnics become part of your routine rather than special outings you have to plan for. For families, it is an easy way to get kids outdoors, while for working adults, it offers a convenient escape from the fast pace of city life without actually leaving the city.
East Coast Park is also deeply woven into Singapore’s identity. For generations, it has been a favourite gathering place for barbecues, beach days, and celebrations, making it one of the country’s most loved and well-used public spaces. Living near it means being connected to a shared piece of Singapore’s lifestyle and culture, not just a park on a map.
Vela Bay's Nearby Amenities
Many neighbourhoods in Singapore are chock-full of food and shopping, but Bayshore takes a just a little step further. The neighbourhood is home to beloved eateries serving all kinds of local food that Singaporeans travel across the island to enjoy. Then there’s the legendary East Coast Lagoon Food Village, one of the most prominent hawker centres that is visited by many, locals and foreigners alike.
Retail therapy is readily available with Parkway Parade around the corner, and Bedok Mall and Bedok Point are a short bus ride or drive away.
Singapore has excellent healthcare, and Vela Bay residents will be spoilt for choice with Changi General Hospital, Parkway East Hospital, and numerous private and public clinics all around the neighbourhood.
Looking ahead, the URA’s Bayshore masterplan will gradually transform the area with a new neighbourhood centre, green connectors, waterfront promenades, and more retail and community spaces over the coming decade. This means the surroundings will continue to evolve and improve, bringing more convenience and lifestyle options closer to home.
Investors and residents at Vela Bay are not simply choosing a condo for today, but stepping into a growing neighbourhood that is set to feel more complete, vibrant, and well-connected in the years ahead.
Schools Nearby Vela Bay
Young families with children of school age will enjoy proximity to various reputable schools of all levels. Temasek Primary School is under 1 km away, which matters significantly for Primary 1 registration balloting. Bedok Green Primary and Opera Estate Primary are also nearby.
For secondary and beyond, the neighbourhood is home to Victoria School, Temasek Secondary, CHIJ Katong Convent, St. Patrick’s School, Victoria Junior College, and Temasek Junior College.
For the little ones, preschools such as Alphabet Playhouse @ East Coast and Holy Grace Kindercare are minutes away. Having such a rich density of education choices all within the neighbourhood often suits busy parents, as logistics become way easier.
Vela Bay Facilities & Unit Design
Vela Bay is shaping up to feel more like a private resort than a typical condo. Residents get a full suite of lifestyle facilities, including a 50 metre lap pool, jacuzzi, kids splash pool, tennis and basketball courts, gym, yoga deck, sauna and steam room, plus BBQ pavilions and sky gardens for relaxed gatherings.
Concierge services add that extra layer of everyday convenience, while smart home features like voice control, RFID access, and energy-efficient appliances make daily living smoother and more convenient.
On the upper floors, you also get open views over East Coast Park and the sea, a real luxury on the East Coast. As the precinct fills out over time, these unblocked views become even more valuable and harder to come by.
Unit Mix & Indicative Pricing
Based on current East Coast transactional data and comparable new-launch benchmarks:
| Unit Type | Approx. Size | Indicative Price Range | Notes |
|---|---|---|---|
| 1-Bedroom | ~450–550 sq ft | S$1.35M – S$1.55M | |
| 2-Bedroom | ~650–750 sq ft | S$1.85M – S$2.15M | Ideal for rental |
| 3-Bedroom | ~900–1,050 sq ft | S$2.55M – S$2.95M | Good family size |
| 4-Bedroom + Penthouses | Varies | S$3.8M and above | Premium Units |
Investment Outlook & Potential
4 key drivers behind a investment potential view on Vela Bay for consideration.
First, it is the first private condominium in the entire Bayshore precinct, which gives it a natural head start as the neighbourhood develops and matures. Early projects in new growth areas often benefit from stronger pricing power once the area becomes more established.
Second, there is a steady pool of potential upgraders nearby. Around 3,700 Bedok BTO flats will reach their Minimum Occupation Period between 2025 and 2035, and upcoming Bayshore BTOs will add to this demand. Many of these homeowners are likely to look for private homes close to where they already live.
Third, the URA’s Long Island coastal reclamation plans and the wider transformation of the precinct are expected to support long-term land value growth.
Lastly, true waterfront private homes in Districts 15 and 16 remain limited, which makes projects like Vela Bay harder to replace and more defensible over time.
Potential Risk Factors
Launch pricing is expected to be a premium S$2,700 psf and above. Securing units below S$2,750 psf would provide a reasonable margin of safety.
In addition, for ex-HDB buyers, the 10-year MOP (Minimum Occupancy Period) requirement may slow the early resale market in the first few years. Lastly, future developments under the URA Master Plan for Bayshore might affect the views from some of the lower-floor units, but the unblocked views from some upper-floor units facing the park and sea will continue to be protected.
Opinion
With the MRT just steps away and East Coast Park right across the road, Vela Bay sits in a part of the East Coast that is only beginning to come into its own.
The area is gradually transforming, and being here early means getting to enjoy both the lifestyle today and the benefits of a more complete neighbourhood in the years ahead.
For buyers who value coastal living but do not want to give up everyday convenience, this is a rare combination that is becoming harder to find.
From a longer-term perspective, projects in emerging waterfront precincts tend to age well as amenities, transport, and surrounding developments fill in. For those who missed earlier East Coast launches, Vela Bay offers another chance to be part of the next chapter of growth in this stretch of coastline.
Interest is likely to build as more details are released, so keeping an eye on early releases can be a sensible way to explore options and compare value.
With the MRT just steps away and East Coast Park right across the road, Vela Bay sits in a part of the East Coast that is only beginning to come into its own. The area is gradually transforming, and being here early means getting to enjoy both the lifestyle today and the benefits of a more complete neighbourhood in the years ahead.
For buyers who value coastal living but do not want to give up everyday convenience, this is a rare combination that is becoming harder to find.
From a longer-term perspective, projects in emerging waterfront precincts tend to age well as amenities, transport, and surrounding developments fill in. For those who missed earlier East Coast launches, Vela Bay offers another chance to be part of the next chapter of growth in this stretch of coastline.
Interest is likely to build as more details are released, so keeping an eye on early releases can be a sensible way to explore options and compare value.
Disclaimer: This review reflects personal market opinions based on publicly available data as of the date of publication and does not constitute financial, legal, or investment advice. Property values and rental yields can go down as well as up, and past performance is not indicative of future results. Readers should conduct their own due diligence and seek independent professional advice before making any purchasing decision.