Vela Bay Project Details
More Vela Bay project details will be released nearer to launch date.
| Vela Bay - Project Details | |
|---|---|
| Project Name | Vela Bay |
| Developer | SingHaiyi Group / Haiyi Holdings (JV: Sing-Haiyi Garnet Pte Ltd) |
| Location | Bayshore Road, Upper East Coast |
| District | 16 - Bedok / Upper East Coast |
| Planning Region | Outside Central Region (OCR) |
| Tenure | 99-Year Leasehold (commencing 2025) |
| Site Area | 112,992 sqft (10,497.3 sqm) |
| Gross Floor Area (GFA) | ~474,570 sqft (44,089 sqm) |
| Plot Ratio | 4.2 |
| Total Units | 515 units |
| Unit Types | 1-Bedroom to 5-Bedroom + Penthouses |
| No. of Blocks | 2 residential towers |
| No. of Storeys | Up to 31 storeys |
| Nearest MRT | Bayshore MRT (TE29) — Thomson-East Coast Line (directly adjacent, ~1-2 min walk) |
| Architect | TBA |
| Interior Designer | TBA |
| Landscape Consultant | TBA |
| Main Contractor | TBA |
| No. of Car Park Lots | TBA |
| GLS Tender Price | $658.89 million ($1,388 psf ppr) |
| Payment Scheme | Progressive Payment |
| Expected Launch | Q2 2026 (April / May 2026) |
| Expected TOP | ~2030 |
| Expected Legal Completion | TBA |
Last Updated: March 2026. Details marked TBA will be updated as information is released by the developer. Site area and unit count are based on official URA GLS tender data.
More Information on Vela Bay: Project Details and What to Watch For
Vela Bay is projected to launch in Q2 2026, and the project specifications are being released progressively.
Vela Bay will comprise two towers, each 31 stories, sitting on a 112,992 sqft site. 515 units averaging approximately 870 to 920 square feet suggest that the layout will be compact to mid-sized, consistent with SingHaiyi’s approach to the Grand Dunman, where two and three-bedroom units make up the bulk of the development.
Buyers who are looking for a larger four or five-bedroom unit should be aware of the limited availability, which is likely to be concentrated on the higher floors.
The relatively high 4:2 plot ratio allows for greater GFA and a denser development, but unlike other similarly-sized projects, the distribution is limited to only two towers compared to the usual six or eight, so it should feel less congested.
This dual-tower design also means that fewer units share common facilities at any given time, which improves the overall quality of life for residents.
Some key details, such as the architect, landscape consultant, interior designer, and main contractor, are still pending release.
However, SingHaiyi has an excellent track record, with recent projects including highly reputable firms known for stellar performances, such as ADDP Architects and MKPL Architects.
Watch this space, which will be regularly updated when official details are released, and register your interest to receive floor plans, unit layouts, and showflat viewing appointments whenever they become available.
(Disclaimer: Project information for Vela Bay may be subjected to change without prior notice)
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