PropKaki
99-yearOCRDistrict 16 (Bedok)

Vela Bay

Reviewed by Nathan TangUpdated 20 June 2026Data through May 2026 (URA)
Quick Summary

Vela Bay is a 99-year apartment in District 16 (Bedok), with 515 units. Units have recently transacted around S$1.93M (S$2,807 psf), from 371 sales on record. There are 357 units for sale from S$0 to S$5.65M.

1

What are the key facts about Vela Bay?

Key Takeaway

Vela Bay is a 99-year apartment in District 16 (Bedok), with 515 units.

Tenure
99-year
TOP / Completion
Developer
SingHaiyi Group Pte Ltd
Total units
515
Blocks
District / Area
District 16 (Bedok)
Market segment
OCR
Median PSF
S$2,807 psf
Last transacted
May 2026
Remaining lease
2

What is the price and PSF at Vela Bay?

Key Takeaway

Units have recently transacted around S$1.93M (S$2,807 psf) (URA caveat data).

Recent median price

S$1.93M

recent · 371 sales on record

Median PSF

S$2,807 psf

recent transactions

Median rent (monthly)

0 rentals on record

Gross rental yield

indicative, gross

Units currently for sale are asking a median of S$2,637 psf — about 6% below the most recent transacted PSF.

Source: URA caveat data, through May 2026.

3

What has recently sold at Vela Bay?

Key Takeaway

Vela Bay has 371 recorded sales; the most recent transacted at S$1,547,000 in May 2026 (URA caveat data).

DatePriceSize (sqft)PSF
May 2026S$1,547,000592S$2,613 psf
Apr 2026S$2,107,000678S$3,107 psf
Apr 2026S$2,040,000678S$3,008 psf
Apr 2026S$3,365,0001,173S$2,868 psf
Apr 2026S$1,932,000689S$2,804 psf
Apr 2026S$2,158,000689S$3,133 psf
Apr 2026S$1,538,000592S$2,598 psf
Apr 2026S$2,820,0001,033S$2,729 psf
Apr 2026S$5,090,0001,582S$3,217 psf
Apr 2026S$1,838,000592S$3,105 psf
Apr 2026S$1,572,000592S$2,655 psf
Apr 2026S$1,662,000592S$2,807 psf

371 sales and 0 rentals on record since Apr 2026. Source: URA.

4

What bedroom types are available at Vela Bay?

Key Takeaway

Vela Bay has 357 units listed for sale, spanning 0–5-bedroom layouts.

Based on units currently listed for sale.

BedroomsFor salePrice rangeMedian PSF
0-bedroom1S$1.26M–S$1.26MS$2,600 psf
1-bedroom31S$0–S$2.08MS$2,550 psf
2-bedroom80S$1.40M–S$2.10MS$2,520 psf
3-bedroom115S$2.20M–S$3.00MS$2,591 psf
4-bedroom71S$2.93M–S$4.28MS$2,652 psf
5-bedroom58S$3.96M–S$5.65MS$2,845 psf
Unspecified1S$1.35M–S$1.35M
5

Where is Vela Bay and what's nearby?

Key Takeaway

Vela Bay is located in Bedok, in the East Region of Singapore.

Vela Bay is a 99-year apartment. It was developed by SINGHAIYI GROUP PTE LTD. The development has 515 residential units.

VELA BAY is located at 1 Bayshore Walk, Singapore 469861. It is part of District 16, Bedok / Upper East Coast, Bedok. The project falls within the East Region and the OCR market segment.

The nearest rail connection is Bayshore MRT, approximately 273m away, around 4 minutes on foot. Nearby amenities include Bedok Mall for shopping, GOLDEN TICKET SINGAPORE PTE. LTD. for groceries, Blk 16 Bedok South Road for food options, and Sennett Ave Os for greenery and recreation.

6

How far is Vela Bay from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Vela Bay is Bayshore MRT, about 273 m away (~4 min walk). 2 schools are within 1 km, including 1 primary school.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Temasek Primary SchoolPrimary schoolwithin 1 km · P1 priority681 m
  • Temasek Secondary SchoolSecondary schoolwithin 1 km818 m
  • Bedok Green Primary SchoolPrimary school1.0 km
  • Bedok View Secondary SchoolSecondary school1.1 km
  • Victoria SchoolSecondary school1.5 km
  • Bedok South Secondary SchoolSecondary school1.7 km
  • Anglican High SchoolSecondary school1.9 km
  • Opera Estate Primary SchoolPrimary school1.9 km

Shops, food & parks

Mall: Bedok Mall · 1.7 kmSupermarket: Golden Ticket Singapore Pte. Ltd. · 491 mHawker centre: Blk 16 Bedok South Road · 852 mPark: Sennett Ave Os · 482 m

Straight-line distances from the development. Source: PropKaki amenities data.

7

What does it cost to own a unit at Vela Bay?

Key Takeaway

Buying a unit at Vela Bay (~S$1.93M) needs about S$14,143/mo in income and S$6,507/mo in repayments, after S$66,200 stamp duty and a S$483k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.93M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$66,200

BSD, tiered

Downpayment (25%)

S$483k

cash + CPF

Monthly instalment

S$6,507/mo

30y @ 3.5%

Income required

S$14,143/mo

TDSR @ stress rate

8

Frequently asked questions about Vela Bay

What is the price at Vela Bay?

Units at Vela Bay have recently transacted around S$1.93M (S$2,807 psf), from 371 sales on record (URA caveat data).

What is the PSF at Vela Bay?

Units for sale at Vela Bay are asking a median of about S$2,637 psf.

Is Vela Bay freehold or leasehold?

Vela Bay is 99-year.

How many units are for sale at Vela Bay?

There are 357 units for sale at Vela Bay, from S$0 to S$5.65M.

How many units are in Vela Bay?

Vela Bay has 515 units.

What is the nearest MRT to Vela Bay?

The nearest MRT/LRT station to Vela Bay is Bayshore MRT, about 273 m away (~4 min walk).

Which primary schools are within 1 km of Vela Bay?

Temasek Primary School is within 1 km of Vela Bay — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

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