Vela Bay
Vela Bay is a 99-year lease (98 yrs left) apartment development in District 16 (Bedok / Upper East Coast / Siglap). It has 382 recorded private transactions. Latest sale: $1,348,000 (Jul 2026, 45 sqm, floors 06-10). Median $2,862/sqft. 98 years lease remaining.
Where Vela Bay ranks in District 16
All 61 projects ›Median psf over time
Estimate a unit at Vela Bay
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.12% a year.
Price by floor
| Floor band | Median psf | Transactions |
|---|---|---|
| 01-05 | $2,674 | 30 |
| 06-10 | $2,729 | 69 |
| 11-15 | $2,804 | 75 |
| 16-20 | $2,888 | 75 |
| 21-25 | $2,968 | 68 |
| 26-30 | $3,105 | 57 |
| 31-35 | $3,165 | 8 |
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Jul 2026 | 06-10 | New Sale | 45 sqm | $1,348,000 | $2,783 |
| Jul 2026 | 06-10 | New Sale | 109 sqm | $3,287,000 | $2,802 |
| Jul 2026 | 21-25 | New Sale | 82 sqm | $2,579,000 | $2,922 |
| Jul 2026 | 01-05 | New Sale | 82 sqm | $2,428,000 | $2,751 |
| Jul 2026 | 21-25 | New Sale | 55 sqm | $1,675,000 | $2,829 |
| Jul 2026 | 21-25 | New Sale | 55 sqm | $1,690,000 | $2,855 |
| Jul 2026 | 06-10 | New Sale | 96 sqm | $2,905,000 | $2,811 |
| Jul 2026 | 21-25 | New Sale | 64 sqm | $2,030,000 | $2,947 |
| Jul 2026 | 21-25 | New Sale | 64 sqm | $2,024,000 | $2,938 |
| Jun 2026 | 11-15 | New Sale | 109 sqm | $3,340,000 | $2,847 |
| Jun 2026 | 26-30 | New Sale | 45 sqm | $1,520,000 | $3,138 |
| May 2026 | 01-05 | New Sale | 55 sqm | $1,547,000 | $2,613 |
| May 2026 | 21-25 | New Sale | 82 sqm | $2,559,000 | $2,899 |
| May 2026 | 11-15 | New Sale | 45 sqm | $1,354,000 | $2,795 |
| May 2026 | 01-05 | New Sale | 55 sqm | $1,554,000 | $2,625 |
| Apr 2026 | 21-25 | New Sale | 64 sqm | $2,088,000 | $3,031 |
| Apr 2026 | 26-30 | New Sale | 64 sqm | $2,148,000 | $3,118 |
| Apr 2026 | 16-20 | New Sale | 64 sqm | $2,008,000 | $2,915 |
| Apr 2026 | 06-10 | New Sale | 64 sqm | $1,870,000 | $2,715 |
| Apr 2026 | 26-30 | New Sale | 64 sqm | $2,168,000 | $3,147 |
| Apr 2026 | 16-20 | New Sale | 64 sqm | $2,028,000 | $2,944 |
| Apr 2026 | 16-20 | New Sale | 64 sqm | $2,018,000 | $2,929 |
| Apr 2026 | 21-25 | New Sale | 64 sqm | $2,118,000 | $3,075 |
| Apr 2026 | 21-25 | New Sale | 64 sqm | $2,068,000 | $3,002 |
| Apr 2026 | 16-20 | New Sale | 64 sqm | $2,038,000 | $2,958 |
Vela Bay is inside the 1 km Primary 1 priority zone for 1 primary school. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.
Compare homes near every primary school- This home
- School within 1 km
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Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.
Private condos and apartments closest to Vela Bay, with their median resale psf. Useful for comparing what Vela Bay costs per square foot against nearby developments.
About Vela Bay
Vela Bay is among the pricier projects in District 16 (Bedok / Upper East Coast / Siglap), with a median of $2,862 psf that runs above about 99% of developments there. It has a busy transaction history, with 382 sales between 2026-04 and 2026-07, ranging from $1,254,000 to $5,829,120. The most recent transaction was a 45 sqm unit (floors 06-10) at $1,348,000 in Jul 2026, and the median is $2,862 psf. Higher floors carry a premium, with the 31-35 band about 18% per square foot above the 01-05 band. On Bala's Table (the SLA leasehold valuation model), the relativity ratio at 98 years remaining is 0.9657, an annual lease decay of about 0.12%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Vela Bay cost?
The most recent transaction at Vela Bay was $1,348,000 for a 45 sqm unit in 2026-07. The median price is $2,862 per square foot across 382 transactions, ranging from $1,254,000 to $5,829,120. Data sourced from URA.
Is Vela Bay freehold or leasehold?
Vela Bay is on a 99-year lease commencing in 2025, with approximately 98 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.12%.
What is the price per square foot (psf) at Vela Bay?
The median price at Vela Bay is $2,862 psf, with transactions ranging from $2,532 to $3,302 psf. This is based on 382 URA-recorded transactions in District 16.