Vela Bay
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.
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.
| 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.
En-Bloc Potential
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.