Vela Bay Price Information
Based on the Vela bay land acquisition cost of $1,388 psf ppr, industry analysts have estimated average selling prices of approximately $2,600 to $2,800+ per square foot (psf).
Official developer pricing will be confirmed and released closer to the launch date.
Vela Bay Land Sale Price Information
Vela Bay Land sale transacted price information.
| Land Site | Vela Bay |
|---|---|
| Sold Date | 19 July 2022 |
| Tenure | 99 Years Leasehold |
| Site area (sqm) | 37,215.6 sqm |
| Site GFA (sqm) | 78,152.7 sqm |
| Highest bid ($m) | $1,097.0 |
| Highest bid ($psf) | $1,058 |
(Credits: EdgeProp – Information on 240 Bayshore Road Land Sale, Estimate Developer Breakeven Price and Transaction Price Information. The Analytics are provided “AS IS” and we do not warranty as to its accuracy. We are not responsible or liable for any claims, damages, losses, expenses, costs or liabilities whatsoever. Please seek professional advice before relying on the Land Sale and Transaction Prices Information.)
Vela Bay Nearby Property Transaction Price Information
Sale transaction prices of nearby newer condominium around Vela Bay along the Bayshore Road Area. Prices are the highest transacted selling price $/psf for the past 12 months as at Mar 2026.
| S/N | Project Name | Tenure | Completion | No of units | Max Price (S$ psf) |
| A | BEDOK COURT | 99 yrs FROM 1982 | 1985 | 280 | 1037 |
| B | CASAFINA | 99 yrs FROM 1996 | 1999 | 224 | 1265 |
| C | BAYSHORE PARK | 99 yrs FROM 1982 | 1986 | 1083 | 1484 |
| D | THE BAYSHORE | 99 yrs FROM 1993 | 1996 | 1038 | 1537 |
| E | LAGUNA GREEN | 99 yrs FROM 1995 | 1998 | 121 | 1483 |
| F | THE TROPIC GARDENS | Freehold | 1995 | 36 | 1670 |
| G | BREEZE BY THE EAST | Freehold | 2011 | 88 | 1674 |
| H | BLEU @ EAST COAST | Freehold | 2008 | 62 | 1601 |
| I | PARBURY HILL CONDOMINIUM | Freehold | 1997 | 182 | 1742 |
| J | LANDBAY CONDOMINIUM | Freehold | 1996 | 122 | 1709 |
(Credits and disclaimer: This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.
View Price List by Unit Type and Stack (Coming Soon)
To view balance units availability, refer to the Balance Units Chart
| No. of Rooms | Unit Type | Price |
|---|---|---|
| 1 Bedroom | A1 | To be released |
| 2 Bedroom | B2 | To be released |
| 3 Bedroom | C3 | To be released |
| 4 Bedroom | D4 | To be released |
(All prices for Vela Bay displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any pricing inaccuracies, omissions and/or dispute. For the latest, please contact our Sales Hotline.)
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Understanding the Numbers Behind Vela Bay
Vela Bay’s GLS land cost broke all records for an OCR (Outside Central Region) site. At S$1,388 psf ppr, it surpasses the previous record of $1,250 psf ppr set by ELTA at Clementi Avenue 1 in November 2023.
The tender attracted an impressive eight bids, making it the most competitive turnout for a private residential GLS since Jalan Tembusu in 2022, reflecting strong interest and acknowledgement of the site’s value.
How the land price affects buyers is that land accounts for 60 to 65% of the new launch selling price, and at $1,388 psf, the estimated breakeven for the developer sits in the $2,000 to $2,100 price point after factoring in construction costs, financing, and margins.
In short, the expected launch pricing will be approximately $2,600 to $2,800 psf, effectively positioning Vela Bay closer to RCR’s (Rest of Central Region) benchmarks than the majority of other OCR launches.
To put this in perspective, Seaside Residences, which is the most recent similar new launch in the area that TOP’ed in 2020, currently transacts at approximately $2,166 psf on the resale market, and the average new sale price for 99-year leasehold condos in District 16 was $2,067 psf in 2023.
Vela Bay’s pricing will sit above these benchmarks, but with a fresh 99-year lease, a doorstep MRT, and first-mover positioning in a precinct that has a solid master plan.
Watch this space that will be regularly updated with official pricing details as and when they are released by the developer, and register for showflat preview to be notified of new information.
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