Vela Bay
About Vela Bay
Vela Bay is a landmark residential development located along Bayshore Road in Singapore's East Coast, marking the first private condominium launch within the new Bayshore precinct. Its position is significant not just geographically, but strategically — offering early entry into a master-planned, car-lite waterfront town that is envisioned to eventually comprise around 10,000 homes.
Directly connected to Bayshore MRT (TE29) on the Thomson–East Coast Line, Vela Bay enjoys a rare combination of doorstep MRT access, immediate proximity to East Coast Park, and long-term alignment with the wider Bayshore and Long Island transformation plans. This places residents within a growing coastal district designed for seamless connectivity, green mobility, and an integrated live-work-play environment.
Rather than relying on short-term pricing narratives, Vela Bay's value proposition is anchored in its role as an early mover within a precinct where future land parcels are widely expected to command higher prices as infrastructure, amenities, and population density progressively mature. As part of the broader Bayshore Masterplan, the area is set to evolve into a vibrant 60-hectare waterfront community, supported by transport nodes, lifestyle amenities, and extensive public spaces.
With limited prior private launches, direct MRT access, and the enduring appeal of coastal living, Vela Bay is positioned at the intersection of connectivity, lifestyle convenience, and long-term demand within Singapore's East Coast growth corridor.
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Unit mix details to be announced.
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Developer(s) Profile
1 of 2 developers
SingHaiyi Group
SingHaiyi Group is a Singapore-listed property developer with projects in Singapore and the United States. Its local portfolio includes Parc Clematis, The Gazania and The Lilium. The group focuses primarily on residential developments and property investment activities. SingHaiyi has participated in both en-bloc redevelopments and GLS acquisitions. It has built a presence in the mid-tier private residential segment.
Haiyi Holdings
Haiyi Holdings is a Singapore-based investment holding company associated with property development interests in Singapore and the region. Through related entities and joint ventures, it has been linked to various residential developments locally. The company is connected to the Gordon Tang family's property investments. Haiyi Holdings participates in both development and investment activities. It remains active in Singapore's private residential sector.
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