The launch of Vela Bay, developed by SingHaiyi and Chuan Capital, on 25 April 2026 marked a significant milestone for Singapore’s East Coast property market, as the first private residential development in the emerging Bayshore precinct. With its coastal positioning, half of the units having unblocked sea view, direct MRT access, and strong buyer anticipation, the project drew considerable attention over its launch weekend.
Image: Vela Bay’s location on map
Vela Bay Launch Weekend Sales Status & Key Figures
Image: Vela Bay’s Sales Status on real-agent.ai listing portal
Over the launch weekend, Vela Bay sold over 70% of its total 515 units at an average price of $2,860 PSF.
Get the latest details on number of units sold, floor plans and prices for Vela Bay
Image: Vela Bay’s Floor Plans, Unit Mix and Inventory Status on real-agent.ai listing portal
Among the unit types, 2 and 3-bedroom units saw the strongest demand, with 89% and 73% of available units sold respectively, collectively accounting for 83% of total number of units sold during the launch weekend.
Image: Vela Bay’s Schematic. Check real-time available units on real-agent.ai
Overall, the launch performance reflects healthy demand, particularly for well-located new launches offering a balance of lifestyle and long-term growth potential.
As the first mover in the Bayshore precinct, Vela Bay offered buyers early exposure to a district expected to undergo significant transformation in the coming years.
