Development Name: Vela Bay
Developer: Sing-Haiyi Garnet Pte. Ltd. (a JV of SingHaiyi Group and Haiyi Holdings)
Location / Address: Bayshore Road, Singapore.
Nearest Mrt: Bayshore MRT (TE29), Thomson-East Coast Line
District: 16
Site Area: 112,992 sqft (10,497.3 sqm)
No. of Units: 515 units
Blocks: 2 blocks, up to 31 storeys
Tenure of Land: 99 years leasehold
Expected TOP: TBC (estimated ~2030)
Expected 1-5 bedrooms available
Actual prices TBC
Actual unit pictures TBC
Vela Bay sits within the Bayshore precinct along the East Coast, one of Singapore’s most anticipated transformation areas. Positioned near the coastline and upcoming infrastructure upgrades, it offers a rare combination of waterfront lifestyle, MRT connectivity, and long-term redevelopment potential.
This is both a forward-looking investment and a compelling own-stay location.
Why Vela Bay Is Attractive for Investment
1. Bayshore transformation under URA planning
The Bayshore precinct is earmarked for major residential rejuvenation. Key changes include:
• New housing developments replacing older estates
• Improved pedestrian connectivity and green corridors
• A refreshed coastal residential district along East Coast
As the area modernises, early buyers benefit from district uplift and renewed infrastructure.
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2. MRT connectivity with the Thomson–East Coast Line
Nearby Bayshore MRT Station provides direct connectivity to key nodes:
• Orchard
• Marina Bay
• Shenton Way
This line significantly improves accessibility along the East Coast corridor, strengthening tenant demand and resale appeal.
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3. Coastal lifestyle with limited future supply
Few new developments sit this close to the coastline.
Residents benefit from proximity to East Coast Park, which offers:
• Cycling routes
• Beaches and waterfront dining
• Recreational space
Coastal projects historically maintain strong desirability and pricing resilience.
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