Vela Bay

Vela Bay is a 99-year leasehold condominium planned for 1 Bayshore Road in District 16, on the Bayshore coastline near Bedok and Upper East Coast. Completion is expected Q4 2031. Layouts run from 484 sqft to a 1,765 sqft penthouse, and Bayshore station on the Thomson–East Coast Line is about four minutes on foot.

This page is maintained by the Finest SRI team from the developer's unit chart. The rate does something on that chart that is worth understanding before you choose a layout.

The three-bedroom is the low point of the whole chart

• 484 sqft entry layout, from $1,466,000 — $3,029 psf
• 2 bedroom, 592 sqft, from $1,685,000 — $2,846 psf
• 3 bedroom, 893 sqft, from $2,314,000 — $2,591 psf
• 4 bedroom, 1,173 sqft, from $3,192,000 — $2,721 psf
• 5 bedroom, 1,582 sqft, from $4,543,000 — $2,872 psf
• Penthouse, 1,765 sqft, from $5,735,000 — $3,249 psf

Each figure is that layout's own price divided by its own floor area. The rate falls from the entry layout down to the three-bedroom, then climbs steadily to the penthouse. The three-bedroom at $2,591 is 14.5 per cent below the entry layout and 9.8 per cent below the five-bedroom.

The step costs point the same way. Moving from the two-bedroom to the three-bedroom costs $629,000 for 301 more square feet — about $2,090 for each additional square foot, the lowest step in the chart. Moving from four bedrooms to five costs about $3,303 a foot, and from three to four about $3,136.

Against the middle rate of about $2,780 per square foot across the 32 condominium listings on our books that publish both a price and a floor area, only the three and four-bedroom sit below. Everything else at Vela Bay is at or above it.

The other number is the calendar

Completion is expected in Q4 2031, which is more than five years out. That is a long commitment with a long progressive payment schedule, and it is the honest counterweight to everything good about the location. If you need a home this decade rather than at the end of it, this is worth thinking about carefully rather than quickly.

Vela Bay at a glance

• Address: 1 Bayshore Road, Singapore 469861 (District 16)
• Tenure: 99-year leasehold
• Expected TOP: Q4 2031
• Layouts available: entry layouts through to 5 bedrooms and penthouses, 484 to 1,765 sqft
• Entry price: $1,466,000
• Nearest MRT: Bayshore, Thomson–East Coast Line, about 4 minutes on foot

The location argument, stated plainly

Bayshore Road sits on the Upper East Coast shoreline, minutes from East Coast Park and the Bedok food belt. Bayshore and Bedok South stations on the Thomson–East Coast Line connect to Marina Bay, Orchard and Changi Airport, and the ECP is close. The primary school network nearby includes Temasek Primary, Bedok Green Primary, Opera Estate Primary and St. Anthony's Canossian Primary.

The honest caveat, beyond the 2031 date, is that the Bayshore precinct is still being built out. Much of what makes this address attractive is planned rather than present. What exists today is a coastal residential pocket with a four-minute walk to a new station.

Who this project tends to suit

• Three-bedroom buyers. That layout is the strongest number on this chart by a clear margin.
• Buyers with a long horizon who are comfortable committing now for a 2031 handover.
• Families already in the East Coast, Bedok or Siglap area who want to stay on this side of the island.
• Buyers who want a short walk to rail. Four minutes is at the short end of our book.

Who should probably look elsewhere

• If you need a home before 2031. Grand Dunman completes Q4 2026 in District 15, and Tembusu Grand is already finished.
• If you want the smallest unit on value. The 484 sqft layout carries $3,029 psf, the second-highest rate in the project.
• If rate per square foot is your main test. Four of the six layouts sit at or above our book median. Lentor Gardens Residences is about 18 per cent below it.

Frequently asked questions

Where is Vela Bay?
1 Bayshore Road, Singapore 469861, in District 16, on the Upper East Coast shoreline.

What is the tenure and expected TOP?
99-year leasehold, with completion expected Q4 2031.

What is the entry price?
$1,466,000 for the 484 sqft layout, which is $3,029 per square foot.

Which layout has the lowest rate per square foot?
The three-bedroom at $2,591 psf. The penthouse is the highest at $3,249.

How far is the MRT?
Bayshore station on the Thomson–East Coast Line is about four minutes on foot.

Can I see floor plans?
Floor plans are held on the individual layout pages linked in the table below this description. Ask us for the current unit chart, and check the bedroom count on the layout you want directly with us.

Before you decide

Run the numbers before you view. Condo buying costs in Singapore covers stamp duty, loan limits and the progressive payment schedule, which matters a great deal on a 2031 completion. Condo unit mix explained covers why bedroom labels are not sizes. How the maintenance fee is calculated explains what you pay monthly. For the wider picture, condo prices by district and psf.

Speak to our team

Prices, sizes and completion dates come from the developer, are indicative, and can change without notice. Availability moves daily, so ask us for the current chart before you decide on a stack. Finest SRI is part of SRI Pte Ltd, agency licence L3010738A. Every enquiry is handled by a CEA-registered salesperson.