PropKaki
99-yearOCRDistrict 16 (Bedok)

Vela Bay

Reviewed by Nathan TangUpdated 24 September 2026Data through Aug 2026 (URA)
Quick Summary

Vela Bay is a 99-year apartment in District 16 (Bedok), with 515 units. Across 387 transactions on record, units have recently transacted around S$2.02M (S$2,855 psf, ~689 sqft). There are 273 units for sale from S$1.35M to S$5.74M.

Key facts about Vela Bay
Tenure99-year leasehold
DeveloperSingHaiyi Group Pte Ltd
Units515
District and areaDistrict 16 · Bedok · OCR
Nearest MRTBayshore MRT, 273 m (~4 min walk)
Latest median psfS$2,855 psf, last 12 URA caveats to Aug 2026
Thinking about Vela Bay? Ask before you commit.Ask PropKaki
1

What's for sale and for rent at Vela Bay?

Key Takeaway

Vela Bay has 273 units listed for sale, asking S$1.35M to S$5.74M (median S$2,743 psf), and 0 units for rent.

For sale

273 listings

S$1.35M – S$5.74M

For rent

0 listings

no asking rents

BedroomsFor saleAsking priceMedian PSF
1-bedroom20S$1.35M–S$2.04MS$3,029 psf
2-bedroom54S$1.40M–S$1.89MS$2,743 psf
3-bedroom83S$2.20M–S$3.19MS$2,721 psf
4-bedroom61S$2.80M–S$5.74MS$2,721 psf
5-bedroom55S$3.75M–S$5.74MS$2,872 psf

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at Vela Bay?

Key Takeaway

Floor plans for Vela Bay aren't in PropKaki's library yet. Across 387 URA caveats, units range from 484 sqft to 1,765 sqft, and the middle half are 592 sqft to 1,033 sqft.

Unit typeSizes listed for saleAsking from
1-bedroom484 sqft to 689 sqftS$1.35M · S$3,029 psf
2-bedroom592 sqft to 689 sqftS$1.40M · S$2,743 psf
3-bedroom883 sqft to 1,173 sqftS$2.20M · S$2,721 psf
4-bedroom1,033 sqft to 1,765 sqftS$2.80M · S$2,721 psf
5-bedroom1,507 sqft to 1,765 sqftS$3.75M · S$2,872 psf

Check the Floor Plan Finder for Vela Bay →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

What is the price and PSF at Vela Bay?

Key Takeaway

Units have recently transacted around S$2.02M (S$2,855 psf) (URA caveat data).

Recent median price

S$2.02M

recent · 387 sales on record

Median PSF

S$2,855 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$2,743 psf — about 4% below the most recent transacted PSF.

Source: URA caveat data, through Aug 2026.

4

What has recently sold at Vela Bay?

Key Takeaway

Vela Bay has 387 recorded sales; the most recent transacted at S$4,765,000 in Aug 2026 (URA caveat data).

DatePriceSize (sqft)PSF
Aug 2026S$4,765,0001,582S$3,011 psf
Aug 2026S$1,537,000484S$3,173 psf
Jul 2026S$3,287,0001,173S$2,802 psf
Jul 2026S$2,030,000689S$2,947 psf
Jul 2026S$2,428,000883S$2,751 psf
Jul 2026S$2,579,000883S$2,922 psf
Jul 2026S$1,348,000484S$2,783 psf
Jul 2026S$1,675,000592S$2,829 psf
Jul 2026S$1,690,000592S$2,855 psf
Jul 2026S$2,024,000689S$2,938 psf
Jul 2026S$2,905,0001,033S$2,811 psf
Jun 2026S$1,520,000484S$3,138 psf

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

5

Is Vela Bay a good investment?

Key Takeaway

Vela Bay has no resales on record yet, so it has no track record of its own. Across District 16, 83% of 15,880 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 26% over a median 7.3-year hold (URA caveats, before costs). Units listed now ask about 4% less per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

District 16 sold for more

83%

of 15,880 private resales

Median gain

26%

gross, before costs

Median hold

7.3 years

bought to resold

Vela Bay has fewer than 10 matched resales, so the figures are for District 16 as a whole. Check the odds for your unit size and holding period →

6

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.

7

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.

8

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

Key Takeaway

Buying a unit at Vela Bay (~S$2.02M) needs about S$14,816/mo in income and S$6,816/mo in repayments, after S$70,800 stamp duty and a S$506k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.02M) 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$70,800

BSD, tiered

Downpayment (25%)

S$506k

cash + CPF

Monthly instalment

S$6,816/mo

30y @ 3.5%

Income required

S$14,816/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

9

How many property agents are active around Vela Bay?

Key Takeaway

7,518 CEA-registered agents closed at least one recorded deal in District 16 — where Vela Bay sits — in the last 12 months, across all property types.

Active agents · 12mo

7,518

District 16 · closed ≥1 deal

Deals on record

34,135

all-time · all property types

Source: CEA public transaction records, attributed to District 16 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

Thinking about Vela Bay? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Vela Bay's own transactions.

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Is Vela Bay a good buy, and what are units selling for?

Recent units at Vela Bay sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
10

Frequently asked questions about Vela Bay

Is Vela Bay freehold?⌄

No. Vela Bay is on a 99-year lease.

Is Vela Bay a good investment?⌄

Vela Bay has no resales on record yet, so it has no track record of its own. Across District 16, 83% of 15,880 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 26% over a median 7.3-year hold (URA caveats, before costs). Units listed now ask about 4% less per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Is Vela Bay an EC?⌄

No. Vela Bay is a private apartment development, not an executive condominium (EC).

Who is the developer of Vela Bay?⌄

Vela Bay was developed by SingHaiyi Group Pte Ltd.

What is the price of a condo at Vela Bay?⌄

Units at Vela Bay have recently sold for around S$2.02M (S$2,855 psf), the median of the last 12 URA caveats to Aug 2026. The price depends on size, floor and facing. 273 units are listed for sale from S$1.35M to S$5.74M.

Where is Vela Bay located?⌄

Vela Bay is at 1 Bayshore Walk, Singapore 469861, in Bedok (District 16). The nearest MRT station is Bayshore MRT, about 273 m away.

How many units are there in Vela Bay?⌄

Vela Bay has 515 units.

How much do I need to earn to buy at Vela Bay?⌄

For a unit around S$2.02M as a first home, you'd need roughly S$14,816/mo in income (assessed at the stress-test rate), with repayments near S$6,816/mo after a S$506k (25%) downpayment and S$70,800 Buyer's Stamp Duty.

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 get priority in Primary 1 (P1) registration.