Vela Bay FAQ and payment schedule

Pricing as of 01 November 2026. Subject to changes by developer. In the availability list I have, 122 units are still for sale, from $1,466,000. By layout: 1BR + S(A) from $1,466,000, 2BR (B) from $1,695,000, 2BR P(B) from $1,890,000, 3BR (A) from $2,589,000, 3BR (B) from $2,314,000, 3BR P(A) from $2,841,000, 3BR P(B) from $2,959,000, 3BR P(C) from $2,832,000, 4BR (A) from $3,192,000, 4BR (B) from $3,202,000, 4BR PL from $3,839,000, 5BR PL from $4,543,000, PH 2 from $5,735,000. Sold out: 2BR (A), 2BR (C), 2BR P(A), 2BR P(C), 2BR P(D), 3BR (C), PH 1. Every unit's price is in the unit finder on the home page. Units sell every day, so ask me to check one before you decide.

In the developer's availability list as of 1 November 2026, 122 of the 515 homes are still for sale, so 393 have been sold since the launch on 25 April 2026. The units still for sale are shown in the unit finder.

Yes. The remaining units are sold one by one. Ask me to check that the unit you want is still available, then we visit the sales gallery to book it with the 5% booking fee. How to buy now.

When the option to purchase is granted, you pay a 5% booking fee in cash. A further 15% is due eight weeks from the option date, when you sign the sale and purchase agreement, in cash, CPF or both. Buyer's stamp duty (and ABSD if it applies to you) and the legal fees also fall due around then, and can be paid in cash or CPF.

Vela Bay is still being built, so it follows the standard progressive payment scheme for uncompleted private homes: you pay in stages as construction progresses.

*With a 75% bank loan you pay the first 25% yourself: 5% + 15% + the first 5% of the foundation stage. The loan covers the rest as each stage is completed. If you buy after some stages are already done, the payments for those stages fall due together soon after you sign. Work out the amounts for a specific price with my payment schedule calculator.

The 5% booking fee must be paid in cash. After that, the 15% at the sale and purchase agreement, the stamp duties, the legal fees and the later instalments can be paid from your CPF Ordinary Account, within CPF's usage limits.

The developer estimates $345 a month for the 1-bedroom + study; $414 for the 2-bedroom, 2-bedroom premium, 3-bedroom and 3-bedroom premium homes; $483 for the 4-bedroom homes and the 4- and 5-bedroom homes with a private lift; and $552 for the two penthouses. The actual fees will be set by the management corporation after completion.

Bayshore Walk Pte Ltd, of the SingHaiyi Group, whose completed projects include Parc Clematis, Kopar at Newton, Parc Komo, Park Colonial, High Park Residences and Grandeur Park Residences on Bedok South Avenue 3. The architect is P&T Consultants, the landscape architect Ecoplan Asia, the interior designer Sujonohun and the main contractor China Communications Construction (Singapore Branch).

99-year leasehold, from 2025.

The developer's expected vacant possession date is 31 December 2031. The date that counts for you is the one in your sale and purchase agreement.

515 homes in two 31-storey blocks, Blocks 1 and 3, with nine homes per floor in each, on a site of about 10,497 sqm.

1-bedroom + study (484 sqft, 27 units), 2-bedroom with one bathroom (592 sqft, 84 in three layouts), 2-bedroom premium (678 and 689 sqft, 113 in four layouts), 3-bedroom (883 and 893 sqft, 87 in three layouts), 3-bedroom premium (1,033 sqft, 88 in three layouts), 4-bedroom (1,173 sqft, 62 in two layouts), 4-bedroom with a private lift (1,378 sqft, 26), 5-bedroom with a private lift (1,582 sqft, 26) and two 5-bedroom penthouses (1,765 sqft). See all floor plans.

The developer counts 13 of the 18 stacks, about 373 homes or 72%, as sea facing: stacks 03 to 15, facing south-west, south or south-east towards East Coast Park and the sea. It puts the start of the sea view at about level 11, above the trees and the parkway, and counts about 271 homes as having a sea view. Stacks 01, 02, 16, 17 and 18 face the low-rise homes and condominiums inland. Filter the unit finder by facing.

A private enclosed space: the level 1 homes in stacks 01, 09, 11 to 15 and 18 have a garden-level outdoor space instead of a balcony, so their type codes end in PES (e.g. 3BR P(A) PES). The floor plan and size are otherwise the same as the floors above.

Not every stack starts at the bottom. From the developer's floor plans, stacks 01, 09, 11 to 15 and 18 start on level 1, stacks 16 and 17 on level 3, and the rest (02 to 08 and 10) on level 5. The two penthouses are on level 31, at the top of stacks 05 and 10, and stacks 01, 02, 06, 11 and 16 to 18 stop at level 30. Each stack's floors are in the unit finder.

Miele hobs, hoods and ovens (a 30 cm induction hob in the 1- and 2-bedroom homes, 62 cm in the 3-bedroom homes and 94 cm gas in the 4- and 5-bedroom homes), a Smeg fridge and a Smeg washer-dryer or separate washer and dryer, and in the private-lift homes and penthouses a Miele dishwasher and wine chiller. Blanco sinks and mixers, Geberit wall-hung WCs and basins, and newform taps and showers. See the finishes.

254 lots for 515 homes, about one for every two, including 4 for electric cars, plus 3 accessible lots and 129 bicycle lots.

On the deck ("Bay Coast"): The Vela Pool with aqua beds, a jacuzzi and cabanas, a kids' pool, the Vela Bay Lounge, barbecue and other pavilions, and themed gardens. A level below ("The Vela Club"): a gym with a steam room, an outdoor fitness corner, a wellness deck, a kids' playground and a tennis court, with a clubhouse holding two function rooms.

Bayshore MRT (TE29) on the Thomson–East Coast Line is next to the site, and the site plan has a side gate to it. From there it's eight stops to Marina Bay and fourteen to Orchard. More on the location.

Temasek Primary School is about 770 m away, within 1 km, and Bedok Green Primary about 1.3 km. With vacant possession expected by 31 December 2031, the address can be used from the 2029 P1 registration if the date in your sale and purchase agreement is by 31 December 2031. More on the schools.

A new 60-hectare estate URA is building around the Bayshore and Bedok South MRT stations, with about 10,000 new homes (around 7,000 HDB flats and 3,000 private homes), a central park, a linear park, shops along Bayshore Drive, a transport hub with a mall at Bedok South and a new SAFRA clubhouse. Vela Bay is the first private condominium in it, so more homes will be launched around it over the coming years: I go through the supply in my Vela Bay video.

Bayshore Road and the MRT station to the west, with Costa Del Sol and The Bayshore across the road; Bayshore Drive to the north; new HDB estates to the north and east; and the East Coast Parkway to the south, with East Coast Park and the sea beyond.