Vela Bay
Vela Bay is a 99-year lease (98 yrs left) apartment development in District 16 (Bedok / Upper East Coast / Siglap). It has 371 recorded private transactions. Latest sale: $3,340,000 (Jun 2026, 109 sqm, floors 11-15). Median $2,863/sqft. 98 years lease remaining.
Where Vela Bay ranks in District 16
All 61 projects ›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 | 28 |
| 06-10 | $2,729 | 68 |
| 11-15 | $2,805 | 74 |
| 16-20 | $2,888 | 75 |
| 21-25 | $2,993 | 62 |
| 26-30 | $3,105 | 56 |
| 31-35 | $3,165 | 8 |
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Jun 2026 | 11-15 | New Sale | 109 sqm | $3,340,000 | $2,847 |
| May 2026 | 01-05 | New Sale | 55 sqm | $1,547,000 | $2,613 |
| Apr 2026 | 26-30 | New Sale | 63 sqm | $2,107,000 | $3,107 |
| Apr 2026 | 21-25 | New Sale | 63 sqm | $2,040,000 | $3,008 |
| Apr 2026 | 16-20 | New Sale | 109 sqm | $3,365,000 | $2,868 |
| Apr 2026 | 11-15 | New Sale | 64 sqm | $1,932,000 | $2,805 |
| Apr 2026 | 16-20 | New Sale | 63 sqm | $1,938,000 | $2,858 |
| Apr 2026 | 26-30 | New Sale | 63 sqm | $2,067,000 | $3,048 |
| Apr 2026 | 21-25 | New Sale | 63 sqm | $1,983,000 | $2,924 |
| Apr 2026 | 01-05 | New Sale | 63 sqm | $1,823,000 | $2,688 |
| Apr 2026 | 16-20 | New Sale | 63 sqm | $1,974,000 | $2,911 |
| Apr 2026 | 11-15 | New Sale | 63 sqm | $1,893,000 | $2,792 |
| Apr 2026 | 01-05 | New Sale | 63 sqm | $1,828,000 | $2,696 |
| Apr 2026 | 11-15 | New Sale | 63 sqm | $1,898,000 | $2,799 |
| Apr 2026 | 06-10 | New Sale | 63 sqm | $1,878,000 | $2,769 |
| Apr 2026 | 11-15 | New Sale | 63 sqm | $1,888,000 | $2,784 |
| Apr 2026 | 21-25 | New Sale | 63 sqm | $2,001,000 | $2,951 |
| Apr 2026 | 01-05 | New Sale | 63 sqm | $1,833,000 | $2,703 |
| Apr 2026 | 16-20 | New Sale | 63 sqm | $1,965,000 | $2,898 |
| Apr 2026 | 01-05 | New Sale | 63 sqm | $1,843,000 | $2,718 |
| Apr 2026 | 16-20 | New Sale | 109 sqm | $3,385,000 | $2,885 |
| Apr 2026 | 11-15 | New Sale | 109 sqm | $3,307,000 | $2,819 |
| Apr 2026 | 06-10 | New Sale | 109 sqm | $3,227,000 | $2,750 |
| Apr 2026 | 16-20 | New Sale | 64 sqm | $1,976,000 | $2,868 |
| Apr 2026 | 16-20 | New Sale | 64 sqm | $1,964,000 | $2,851 |
About Vela Bay
Vela Bay is a 99-year leasehold development with its lease commencing in 2025 and about 98 years remaining in District 16 (Bedok / Upper East Coast / Siglap), within the Outside Central Region of Singapore. It is among the more actively traded apartment developments in the area, with 371 recorded transactions between 2026-04 and 2026-06, ranging from $1,254,000 to $5,829,120. The most recent transaction was a 109 sqm unit (floors 11-15) sold for $3,340,000 in 2026-06, and the median price is $2,863 per square foot. Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold 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 $3,340,000 for a 109 sqm unit in 2026-06. The median price is $2,863 per square foot across 371 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 $2,863 psf, with transactions ranging from $2,532 to $3,302 psf. This is based on 371 URA-recorded transactions in District 16.