Vela Bay
QUICK SUMMARY
Vela Bay is positioned as a highly anticipated and strong project, offering good absolute quantum value despite its premium per-square-foot pricing, largely driven by its fantastic location, sea views, and first-mover advantage in a transforming township.
UNITS
515
TOWERS
2 x 31F
NEAREST MRT
Bayshore
UNIT MIX
1BR – 5BR + PH
SITE AREA
112,992 sqft
TENURE
99-year leasehold
EST. PSF
$2,700 – $3,000
PRICE GUIDE
What You'll Pay
Indicative pricing from launch weekend. Figures based on developer price list.
| UNIT TYPE | SIZE RANGE | FROM PSF | PRICE RANGE |
|---|---|---|---|
| 1 Bedroom + Study | 484 sqft | $2,479 | $1.2M onwards |
| 2 Bedroom | 592 sqft | $2,534 | $1.5M onwards |
| 2 Bedroom Premium | 678 – 689 sqft | $2,507 | $1.7M onwards |
| 3 Bedroom | 883 sqft | $2,605 | $2.3M onwards |
| 3 Bedroom Premium | 1033 sqft | $2,614 | $2.7M onwards |
| 4 Bedroom | 1173 sqft | $2,558 | $3.0M onwards |
| 4 Bedroom Private Lift | 1378 sqft | $2,758 | $3.8M onwards |
| 5 Bedroom Private Lift | 1582 sqft | $2,781 | $4.4M onwards |
| Penthouse | 1765 sqft | $ | Price on Ask |
Bayshore MRT
MRT
1-2 min walk
Bedok Mall
Mall
Within 1km
East Coast Lagoon Food Village
Mall
Within 1km
Parkway Parade
Mall
Within 1km
Temasek Primary School
School
Within 1km
FEATURED CHANNEL REVIEWS
What the Experts Say
Key takeaways from two trusted Singapore property YouTube channels.
HIGHLIGHTS
- Considered fairly priced in terms of PSF when compared to upcoming launches and newer lease-reset projects.
- The development is designed to maximize sea views, with 78% of stacks having a sea view.
- Offers a good entry price in terms of absolute quantum compared to newer, larger units in neighboring developments.
- The East Coast lifestyle, characterized by proximity to East Coast Park, good amenities, and a less crowded environment, is a strong draw.
CONCERNS
- Vela Bay is the smallest land plot and most dense development compared to its immediate neighbors.
- Facilities such as the swimming pool are comparatively smaller than those in larger, older developments like Seaside Residences.
HIGHLIGHTS
- The Bayshore area is undergoing significant future transformation with new residential, amenities, and infrastructure.
- There is strong supply and demand for properties in the East Coast area, particularly for 4-bedroom units.
- Location is a major selling point, with Bayshore MRT right at the doorstep.
- As the first mover in the new Bayshore township, it benefits from urban rejuvenation.
- Layouts are expected to be efficient and well-designed, aligning with the developer's track record.
- Features full condo facilities, including a tennis court.
- The sea views are described as 'to die for,' particularly the unique curved East Coast Park vista.
CONCERNS
- The 50% car park provision could pose a significant issue for families in this family-oriented neighborhood.
- The per-square-foot pricing is high, resembling CCR prices despite being an OCR development.
▶
HIGHLIGHTS
- Considered fairly priced in terms of PSF when compared to upcoming launches and newer lease-reset projects.
- The development is designed to maximize sea views, with 78% of stacks having a sea view.
- Offers a good entry price in terms of absolute quantum compared to newer, larger units in neighboring developments.
- The East Coast lifestyle, characterized by proximity to East Coast Park, good amenities, and a less crowded environment, is a strong draw.
CONCERNS
- Vela Bay is the smallest land plot and most dense development compared to its immediate neighbors.
- Facilities such as the swimming pool are comparatively smaller than those in larger, older developments like Seaside Residences.
VS
▶
HIGHLIGHTS
- The Bayshore area is undergoing significant future transformation with new residential, amenities, and infrastructure.
- There is strong supply and demand for properties in the East Coast area, particularly for 4-bedroom units.
- Location is a major selling point, with Bayshore MRT right at the doorstep.
- As the first mover in the new Bayshore township, it benefits from urban rejuvenation.
- Layouts are expected to be efficient and well-designed, aligning with the developer's track record.
- Features full condo facilities, including a tennis court.
- The sea views are described as 'to die for,' particularly the unique curved East Coast Park vista.
CONCERNS
- The 50% car park provision could pose a significant issue for families in this family-oriented neighborhood.
- The per-square-foot pricing is high, resembling CCR prices despite being an OCR development.
SCORE COMPARISON
72
VERDICT
Vela Bay is fairly priced for its PSF given upcoming launches and lease reset comparisons, with strong liquidity and transformation prospects despite its smaller scale and higher density.
76
VERDICT
Vela Bay is a highly anticipated project in a fantastic location with great views and strong demand, offering good quantum value despite its high per-square-foot price, making it a likely sell-out.
Details
ROBOPROP AI VERDICT
74
Own Stay
78
Invest
ROBOPROP AI
Ideal for East Coast lovers, families, HDB upgraders, and investors looking for capital appreciation over a 5-7 year horizon.
Vela Bay is positioned as a highly anticipated and strong project, offering good absolute quantum value despite its premium per-square-foot pricing, largely driven by its fantastic location, sea views, and first-mover advantage in a transforming township.
Who agree
Considered fairly priced in terms of PSF when compared to upcoming launches and newer lease-reset projects.
The Bayshore area is undergoing significant future transformation with new residential, amenities, and infrastructure.
The development is designed to maximize sea views, with 78% of stacks having a sea view.
There is strong supply and demand for properties in the East Coast area, particularly for 4-bedroom units.
Offers a good entry price in terms of absolute quantum compared to newer, larger units in neighboring developments.
Location is a major selling point, with Bayshore MRT right at the doorstep.
As the first mover in the new Bayshore township, it benefits from urban rejuvenation.
The East Coast lifestyle, characterized by proximity to East Coast Park, good amenities, and a less crowded environment, is a strong draw.
Layouts are expected to be efficient and well-designed, aligning with the developer's track record.
Features full condo facilities, including a tennis court.
The sea views are described as 'to die for,' particularly the unique curved East Coast Park vista.
Vela Bay is the smallest land plot and most dense development compared to its immediate neighbors.
Facilities such as the swimming pool are comparatively smaller than those in larger, older developments like Seaside Residences.
The 50% car park provision could pose a significant issue for families in this family-oriented neighborhood.
The per-square-foot pricing is high, resembling CCR prices despite being an OCR development.
The high PSF for an OCR property is comparable to CCR pricing.
Vela Bay has the smallest land plot and highest density compared to its neighboring developments.
The 50% car park provision may be a significant concern for families in a family-oriented neighborhood.
Future developments on the northern side could potentially block some less-premium views.
The very long-term (20+ years) prospect of Long Island reclamation could eventually block sea views.
Disclaimer: This article summarizes publicly available opinions from featured YouTube channels. Scores are editorially assigned by RoboProp and do not constitute financial or investment advice. All pricing is indicative and subject to change. Always do your own due diligence before making property decisions.