Vela Bay Review: Bayshore MRT Condo by SingHaiyi, Worth It in 2026?

Vela Bay location plan showing proximity to Bayshore MRT, East Coast Park, and ECP expressway">

In recent years, the tranquil neighbourhood of Bayshore has quietly grown into one of Singapore's most sought-after addresses. 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.

Vela Bay sits right in the heart of this transformation, offering a relaxed, seaside vibe while still being firmly connected to the city. As the first private condo in URA's Bayshore Master Plan, this development is a stone's throw from the beloved East Coast Park.

To make things even better for residents, the future Bayshore MRT station on the Thomson-East Coast Line is about 110 metres away, making daily commuting another walk in the park once the station opens.

Vela Bay Project Details	Details
Developer	SingHaiyi Group
Tenure	99-year leasehold
Units	515 (two towers of up to 31 storeys)
Site area	~112,992 sq ft
Land cost	S$1,388 psf ppr (2025 GLS)
Launch	April 2026 (preview 11-21 Apr, public launch 25-26 Apr)
Est. TOP	End-2031 (vacant possession 31 Dec 2031)
Launch weekend average	~S$2,886 psf

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 on the Thomson-East Coast Line is about 110 metres away, a short walk from the development. From there, residents can reach key interchanges like Marina Bay, City Hall, Outram Park, and Dhoby Ghaut in roughly 25 to 40 minutes by train. 

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. 

These developments are already seeing healthy resale interest, showing how steady demand has been for well-located homes in this part of Singapore. With both seaside living and modern transport connectivity coming together, Vela Bay is positioned to draw on the area's long-term lifestyle appeal.

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 full of food and shopping, but Bayshore takes it a step further. The area is close to beloved eateries serving the kind of local food that Singaporeans travel across the island to enjoy. Then there is the legendary East Coast Lagoon Food Village, one of the most prominent hawker centres, visited by locals and visitors alike. 

Retail is readily available with Parkway Parade around the corner, and Bedok Mall and Bedok Point a short bus ride or drive away. 

Singapore has excellent healthcare, and Vela Bay residents have a choice of options with Changi General Hospital, Parkway East Hospital, and numerous private and public clinics 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, bringing more convenience and lifestyle options closer to home. 

Buyers at Vela Bay are not simply choosing a condo for today, but stepping into a growing neighbourhood that is set to feel more complete and better connected in the years ahead.

Schools Nearby Vela Bay

Young families with children of school age will appreciate proximity to several schools across different levels. Temasek Primary School is under 1 km away, which matters for Primary 1 registration balloting. Bedok Green Primary and Opera Estate Primary are also nearby. 

For secondary and beyond, the area 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 density of education choices within the neighbourhood often suits busy parents, as the daily logistics become 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 a layer of everyday convenience, while smart home features like voice control, RFID access, and energy-efficient appliances make daily living smoother. 

On the upper floors, you also get open views over East Coast Park and the sea, a real draw on the East Coast. As the precinct fills out over time, these unblocked views become harder to come by.

Unit Mix & Launch Pricing

Indicative entry prices released around the April 2026 launch:

Unit Type	Approx. Size	Indicative Entry Price	Notes
1-Bedroom + Study	~484 sq ft	From above S$1.2M	Almost fully taken up at launch
2-Bedroom	~592 to 689 sq ft	From above S$1.4M	Strong launch demand
3-Bedroom	~883 to 1,033 sq ft	From S$2.2M	Good family size
4-Bedroom	~1,173 to 1,378 sq ft	From above S$3.1M	Premium units
5-Bedroom	~1,582 sq ft	From about S$4.5M	Largest layout

Investment Outlook & Potential

Four factors that shape the case for considering Vela Bay.

First, it is the first private condominium in the entire Bayshore precinct, which gives it a head start as the neighbourhood develops and matures. Early projects in new growth areas can benefit from clearer pricing reference points once the area becomes more established.

Second, there is a steady pool of potential upgraders nearby. Around 3,700 Bedok BTO flats are due to reach their Minimum Occupation Period between 2025 and 2035, and upcoming Bayshore BTOs will add to this. Many of these homeowners may 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 intended to support long-term land use changes along this stretch. 

Lastly, waterfront private homes in Districts 15 and 16 remain limited, which makes projects like Vela Bay harder to replace over time.

Potential Risk Factors

Launch pricing averaged around S$2,886 psf over the opening weekend, a premium level for the East Coast, so buyers should weigh their entry price carefully against the specific stack and floor they are considering.

For ex-HDB buyers, the 10-year MOP (Minimum Occupation Period) requirement may slow the early resale market in the first few years. And while the unblocked views from some upper-floor units facing the park and sea should be protected, future developments under the URA Master Plan for Bayshore could affect the outlook from some lower-floor units. 

As with any new launch, the surrounding precinct is still being built out, so some amenities and transport links will only mature over the coming years.

Opinion

With the future MRT station nearby 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 buying early means living with the coastal lifestyle today while the wider neighbourhood fills in over the years ahead. For buyers who value coastal living but do not want to give up everyday convenience, this is a combination that is becoming harder to find along this stretch.

The strong opening weekend suggests buyers see value in being first into the precinct, though that early demand also means the more efficient layouts moved quickly. From a longer-term view, projects in emerging waterfront precincts tend to settle in as amenities, transport, and surrounding developments come online. For those weighing options here, it is worth comparing the remaining stacks and floors against nearby resale alternatives before deciding.

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.