The First & Only Private Corner Plot in the New Bayshore Waterfront Precinct
Vela Bay proudly stands as the first private residential development to launch within the newly master-planned Bayshore waterfront precinct — and as a coveted corner plot directly beside Bayshore MRT Station (TE29), this distinction carries lasting significance. The entire 60-hectare Bayshore precinct is set to accommodate approximately 12,500 new homes in total, yet private residential supply remains deliberately limited to only around 3,000 units across an estimated one to two remaining private plots. This means that buyers who secure a home at Vela Bay are entering at the ground floor of one of Singapore’s most exciting urban transformations — before land costs in the precinct inevitably rise with each successive Government Land Sales tender. Surrounding the development, residents will benefit from a fully planned neighbourhood ecosystem including Singapore’s largest SAFRA facility spanning over 30,000 sqm, a Central Park, a Transit Priority Corridor, upgraded pedestrian connections, Linear Park green corridors, and a growing cluster of community, educational, and lifestyle amenities — all part of the URA’s long-term vision for a car-lite, sustainable, and vibrant coastal township.
Vela Bay vs Existing Bayshore Condominiums – A Clear Generational Upgrade
When compared to existing condominiums in the immediate Bayshore vicinity, Vela Bay’s value proposition is unambiguous. Neighbouring developments in the area carry leases that are now 22 to 40 years into their 99-year tenure, with remaining lease periods ranging from 55 to 70 years — factors that directly affect loan tenure eligibility, CPF usage, and long-term resale appeal. Vela Bay, by contrast, offers a fresh 99-year leasehold from 2025, providing buyers with maximum financing flexibility and a fully harmonised lease that future-proofs their investment for decades ahead. Based on recent comparable transactions in the Bayshore area, a 2 Bedroom unit is transacting at approximately $1,680,000, a 3 Bedroom at around $2,350,000, and a 4 Bedroom at approximately $2,920,000. At Vela Bay’s indicative average of $2,800 psf, buyers are acquiring a brand-new, sea-facing, MRT-doorstep address at a competitive premium over ageing neighbours — one with full lease freshness, modern design, and the transformational infrastructure of the entire Bayshore precinct as its backdrop.
Strong Investment Fundamentals – Proven Demand, Seafront Premium & High Rental Liquidity
The investment case for Vela Bay is firmly grounded in the demonstrated performance of seafront properties along Singapore’s East Coast. Historical transaction data from comparable seafront condominiums in the District 16 corridor shows price appreciation exceeding 140% over the long term, significantly outpacing non-seafront developments in the same vicinity that recorded gains of approximately 83% over the same period — a clear, data-backed premium that the sea-facing advantage commands. On the rental front, comparable East Coast seafront developments have recorded over 241 rental transactions within a single year, reflecting deep and consistent tenant demand from professionals, expatriates, and families drawn to the East Coast lifestyle and Changi connectivity. Vela Bay is uniquely positioned to capture this demand with advantages that comparable developments simply cannot replicate: a doorstep connection to Bayshore MRT, a fresh lease from 2025, a fully amenitised all-new precinct, and approximately 72% of units enjoying direct sea-facing orientations. For both long-term homeowners and investors seeking stable rental yields with meaningful capital upside, Vela Bay represents a rare, once-in-a-generation opportunity to enter Singapore’s newest and most anticipated coastal address at the earliest — and most advantageous — stage of its transformation.