Vela Bay

D16 (OCR) 99 years leasehold

Located in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive), Vela Bay is a 99-year leasehold condominium in the Outside Central Region (OCR). Sale and rental figures on this page are compiled from URA transaction records. Nearby developments in District 16 can be compared on ShiokNest's district analytics pages.

Private SPI 122.4 -3.51% MoM · +0.72% YoY June 2026
5.0
ShiokNest Score
Good

VELA BAY

Tenure99 years leasehold
DistrictD16 · OCR
Median PSF · 12m$2,864 psf
Median price · 12m$2,107,500

Over the 12 months to Jul 2026, Vela Bay recorded 372 resale transactions at a median $2,864 psf (median price $2,107,500). Source: URA caveat data, as of Jul 2026.

Vela Bay's median of $2,864 psf over the trailing 12 months places its pricing above roughly 99% of District 16 condos; resale liquidity has been active with 372 caveats lodged. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.

Recent transactions
Date Price PSF Size (sqft) Floor Type
Jul-26 $2,024,000 $2,938 psf 689 sqft 21 to 25 1BR
Jun-26 $3,340,000 $2,847 psf 1,173 sqft 11 to 15 3BR
May-26 $1,547,000 $2,613 psf 592 sqft 01 to 05 1BR
Apr-26 $1,932,000 $2,805 psf 689 sqft 11 to 15 1BR
Apr-26 $3,365,000 $2,868 psf 1,173 sqft 16 to 20 3BR
Apr-26 $2,040,000 $3,008 psf 678 sqft 21 to 25 1BR
Apr-26 $2,107,000 $3,107 psf 678 sqft 26 to 30 1BR
Apr-26 $2,922,000 $2,828 psf 1,033 sqft 06 to 10 3BR

Can I afford Vela Bay?

Get the monthly repayment, total interest and cash flow based on this project’s median price of $2,107,500.

5.0
ShiokNest Score

En-Bloc Potential

14/100

A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.

Neighbourhood Score

76/100

Investment Score

46/100

PSF Trend

Rental Trend

Gross Yield Trend

Detailed charts

Sales - Floor Level

Sales - Unit Size

Sales - Bedroom Type

Rental - Floor Level

Rental - Unit Size

Rental - Bedroom Type

Cumulative Sales Volume

Cumulative Rental Volume

Lease Decay Valuation Curve

Sales Volume Heatmap

Lease Volume Seasonality Heatmap

Recent Sales

Recent Rentals