Vela Bay

Vela Bay is a leasehold (99 yrs from 2025) apartment. It is developed by SingHaiyi Group Pte Ltd. The development occupies a land area of 10,497 sqm and a Gross Floor Area of 47,442 sqm. It consists of 515 units. According to records, buyers of this development are Singaporean 91.1%, PR 7.3%, Foreigner 1.6%, Company 0.0%.

VELA BAY is located along BAYSHORE WALK in Bedok, in District 16. It is accessible through the nearest MRTs including Bayshore TE29 and Bedok South TE30.

Based on transaction data in the last 12 months, sale prices range from S$ 2,532 psf to S$ 3,302 psf at an average of S$ 2,869 psf. Its highest recorded transaction was S$ 3,302 psf in Apr 2026 for a 1,765-sqft unit. Its lowest recorded transaction was S$ 2,532 psf in Apr 2026 for a 592-sqft unit. Other nearby amenities include: 2 Grocerie(s): Hao Mart, Hao Mart.

Buyers and tenants are attracted to District 16, which comprises of Bedok and Upper East Coast Road. Properties in this district contain a mixture of public and private housing estates with industrial areas. This district is served by the Bedok, Tanah Merah and Kembangan MRT stations on the East-West Line and the Bedok North MRT and Bedok Reservoir MRT stations of the Downtown Line. Bedok is one of the most highly populated planning areas in Singapore due to the affordable public housing in the town. It is a modern neighbourhood with easy accessibility to natural landmarks, such as the Bedok Reservoir. The Outdoor Play Corridor completed in 2018 will also link Bedok Reservoir to East Coast Park via dedicated cycling and pedestrian paths. Shopping and dining options are available at Bedok Mall, a major shopping mall in the heart of Bedok. It is connected to Bedok Integrated Transport Hub, which houses Bedok MRT station and bus interchange.

With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. The region is a key aviation hub, housing the Paya Lebar Air Base and Changi Naval Base. Major airlines such as Singapore Airlines, Scoot and Jetstar also has their head offices in the area. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plans to create more semi-conductor and aviation-related jobs at Tampines North, Pasir Ris and Changi. Aside from the bustling economic activity, residents benefit from a wide variety of green and play spaces in the region. Residents will also enjoy increased connectivity to other parts of Singapore with the upcoming Cross Island Line and Thomson-East Coast Line.