Vela Bay

Apartment · in Bedok, District 16, Singapore · 99 yrs leasehold · Completed Uncompleted

Data through 21 September 2026

Vela Bay property photo and location

Intro: Vela Bay brings modern residential living to the Bedok planning area, placing you within a two-minute walk of Bayshore MRT station for seamless commuting 🚆.
Good to know: Located just 146 meters from Bayshore MRT station 🚇; Offers layouts ranging from 1-bedroom units to penthouses 🏠; Comprises 31 storeys within the East Region transformation 🏙️.
Practical note: As a large-scale development with 515 units, it suits those who prefer vibrant, facility-rich living over quiet, low-density seclusion.

D16OCREastBedok

< 1km

MRT Station

< 10y

Property Age

Near

$1M+ HDB

> 1K

MOPs in Town

50+

Deals Past Yr

Mega

Development

100%

Profitable

Top 20

Schools

Vela Bay project details

Street

Bayshore Walk

Developer

Bayshore Walk Pte. Ltd.

Property Type

Apartment

Completion

Uncompleted

Total Units

515

Plot Ratio

4.2

Unit Size

484 - 1,765 sqft

Tenure

99 yrs leasehold, 99 yrs from 25/06/2025

Lease Remaining

98 yrs

Postal Sector

GLS Site

Land Use

Residential (Non-Landed)

Development Type

Residential

Site Area

10497.30

Plot Ratio

4.20

Permissible GFA

44089.00

GLS Launch

26-11-2024

Tender Closed

18-03-2025

Awarded

28-03-2025

Awarded To

Sing-Haiyi Garnet Pte. Ltd.

Bids

Winning Tender

658888998.00

Land Rate (GFA)

14944.52

Land Rate (ppr)

1388.39

Max GFA (Est.)

44089.00

Estimated Units

515

MRT and LRT stations near Vela Bay

Bayshore44 m MRTTE29
Bedok South1,000 m MRTTE30

See details on nearby stations

Vela Bay price, PSF and transaction trends

72%

Sold At Launch

HDB Buyers

$920.3M+

Total Transacted

24-04-2026

First Transacted

21-09-2026

Last Transacted

390

Total Transactions

Vela Bay transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Vela Bay, the median price was S$2,242,000 and the median PSF was S$2,888 psf. The newest record shown is from 21 September 2026.

Recent Vela Bay transactions

Date	Sale type	Price	PSF	Size
21 September 2026	New Sale	S$2,501,000	S$2,834 psf	883 sqft
17 September 2026	New Sale	S$2,056,000	S$2,984 psf	689 sqft
2 September 2026	New Sale	S$4,113,000	S$2,985 psf	1,378 sqft
30 August 2026	New Sale	S$4,765,000	S$3,011 psf	1,582 sqft
6 August 2026	New Sale	S$1,537,000	S$3,173 psf	484 sqft

Vela Bay median transaction PSF (S$)

Vela Bay annual price trend

Year	Median price	Median PSF	Recorded sales
2026	S$2,107,500	S$2,862 psf	390

View full details

Frequently asked questions about Vela Bay

How much do units at Vela Bay cost?

The latest 12 recorded sales show a median price of S$2,242,000 and a median of S$2,888 psf. Actual prices vary by floor, size, facing, condition and sale date.

Is Vela Bay freehold or leasehold?

Vela Bay has a tenure of 99 yrs leasehold.

When was Vela Bay completed and who developed it?

Vela Bay was completed in Uncompleted, the developer is Bayshore Walk Pte. Ltd., and the project has 515 units.

Which MRT or LRT station is nearest to Vela Bay?

Bayshore is the nearest station shown, at an estimated straight-line distance of 44 metres.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 21 September 2026. Figures are indicative and do not constitute financial advice.