Vela Bay at Bayshore Road is a 99‑year leasehold condominium in District 16, developed by SingHaiyi Group and Chuan Investments directly beside the upcoming Bayshore MRT station on the Thomson‑East Coast Line. It is the first private residential project in Singapore’s newly planned Bayshore precinct — a master‑planned waterfront town that URA has earmarked for approximately 10,000 homes over the next two decades.
Preview is estimated for April 2026. Register your interest at bayshoreresidences.sg before the showflat opens.
What Vela Bay Is
About 515 units across a 112,993 square‑foot site, with a total GFA of approximately 474,574 square feet. Unit types run from 1‑bedroom‑plus‑study to 5‑bedroom.
Tenure is 99 years. Estimated TOP is 2030.
This is a GLS project — SingHaiyi acquired the site through a government land tender, which means a known land cost floor, clean title, and no collective sale complications in the background.
See full project details at bayshoreresidences.sg →
Location: Bayshore Road & The Precinct Story
Vela Bay sits on Bayshore Road in a stretch that was largely underdeveloped relative to the rest of the East Coast — until now.
URA’s Bayshore precinct master plan is building approximately 10,000 homes around a car‑lite, waterfront‑oriented town centre anchored by Bayshore MRT. Most of those homes don’t exist yet. Vela Bay is the first private launch in the entire precinct — buyers here are not waiting for a neighbourhood to be confirmed; they are buying at the start of one.
East Coast Park is within walking distance of the site. Not “near” in the brochure sense — genuinely walkable from Bayshore Road to the park connector, cycling paths and beach. For residents who use it regularly, that proximity is worth more than any facility the development could build inside its own grounds.
The Long Island coastal reclamation project by PUB reinforces Bayshore as a long‑term government development node, not a one‑off site release.
Bayshore MRT & Connectivity
Bayshore MRT (TEL, TE29) sits immediately beside the development.
From Bayshore MRT, the Thomson‑East Coast Line runs directly to Marina Bay, Shenton Way, Gardens by the Bay, Great World and Orchard without a transfer. For CBD commuters, this is a straight shot — no feeder bus, no interchange.
This is different from being near Bedok MRT on the East‑West Line. The TEL is a newer line with fewer intermediate stops between the East Coast and the city, which typically means shorter journey times. By road, the ECP gives direct expressway access to both the CBD and Changi Airport.
Check floor plans and unit availability at bayshoreresidences.sg
Schools Nearby
Temasek Primary School — the key primary school trigger for own‑stay families in this part of District 16. Verify the exact 1km boundary independently against MOE’s primary school registration framework at the point of application.
Other schools in the broader Bedok–East Coast belt include Temasek Secondary School and Bedok South Secondary School. For investors targeting expatriate tenants, the East Coast belt has historically attracted expat families who prefer seaside living over the central districts, particularly those with school‑age children and access to international campuses along the Tampines and Changi corridors.
SingHaiyi Group & Chuan Investments
SingHaiyi Group is SGX‑listed with a Singapore residential portfolio that includes The Gazania and The Lilium in District 19. The Vela Bay development entity is Sing-Haiyi Garnet Pte Ltd.
Chuan Investments Pte Ltd is the co‑developer in this JV, providing additional capital depth alongside SingHaiyi.
Neither is a first‑project vehicle. SingHaiyi’s SGX listing gives buyers a publicly accountable reference point for the developer’s financial standing.
Investment Case: Why Being First Matters Here
Most Singapore launches compete within established neighbourhoods where existing resale transactions set the pricing anchor. Vela Bay doesn’t have that constraint — or that ceiling.
As the first private project in a 10,000‑home master plan, pricing here eventually becomes the reference point for subsequent launches in the precinct. Later projects price off Vela Bay, not the other way around.
The structural drivers are specific:
- Bayshore MRT doorstep — not near, beside
- TEL direct to CBD — no interchange
- East Coast Park walkable — genuine, not brochure language
- URA 10,000‑home precinct plan — long‑term amenity build‑up confirmed
- Car‑lite precinct design — aligns with how younger buyers and renters want to live
Official pricing has not been released. Market estimates based on the GLS land rate and comparable TEL‑corridor District 16 launches circulate on third‑party sites — treat these as indicative only until the developer publishes the actual price list at or after the April 2026 preview.
On ABSD: Singapore citizens buying as a first residential property face zero ABSD. Upgraders who sequence their HDB sale before completing the condo purchase can manage exposure carefully. Investors holding multiple properties face ABSD at the prevailing rate on the full purchase price — factor this into total acquisition cost before projecting returns.
Register for pricing updates at bayshoreresidences.sg →
Facilities (Indicative)
Full facility details are pending official release. Based on a 112,993 square‑foot site and SingHaiyi’s track record, expect a standard full‑facility suite — pools, gym, function rooms, children’s areas, landscaped grounds.
The site’s edge condition beside East Coast Park creates an opportunity to orient communal spaces toward sea or greenery views rather than purely inward. Whether that has been done, and to what extent, will be visible from the official site plan once the developer releases it closer to launch.
FAQ
What is Vela Bay?
The first private residential launch in Singapore’s Bayshore precinct — 515 units, 99‑year leasehold, on Bayshore Road in District 16, developed by SingHaiyi Group and Chuan Investments.
When is the launch?
Preview estimated for April 2026. Register at bayshoreresidences.sg to be notified when the showflat opens.
Who is the developer?
SingHaiyi Group (Sing-Haiyi Garnet Pte Ltd) and Chuan Investments Pte Ltd.
How many units?
Approximately 515 units, from 1‑bedroom‑plus‑study to 5‑bedroom.
Which MRT station?
Bayshore MRT (TE29) on the Thomson‑East Coast Line — doorstep access.
What is the tenure?
99‑year leasehold.
Estimated TOP?
2030, subject to construction progress.
Why does being first in the precinct matter?
Vela Bay sets the pricing reference for all subsequent Bayshore launches, not the reverse.
Is East Coast Park walkable?
Yes — Bayshore Road has direct pedestrian access to the park connector network.
Schools nearby?
Temasek Primary School is within the Bayshore vicinity. Verify 1km boundaries independently with MOE at point of registration.
