{"id":95109,"date":"2026-04-16T15:18:44","date_gmt":"2026-04-16T07:18:44","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=95109"},"modified":"2026-04-17T18:50:07","modified_gmt":"2026-04-17T10:50:07","slug":"vela-bay-pulls-close-to-8000-visitors-during-preview-weekend","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/vela-bay-pulls-close-to-8000-visitors-during-preview-weekend\/","title":{"rendered":"Vela Bay pulls close to 8,000 visitors during its first preview weekend"},"content":{"rendered":"
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Slated for launch on April 25, the 515-unit Vela Bay<\/a><\/strong> saw close to 8,000 visitors turning up during its preview weekend on April 11\u201312. The strong showing offers an early indication of buyer interest in the new Bayshore precinct, where an upcoming waterfront urban village with about 12,500 homes is taking shape.<\/p>\n\n\n\n

A new landmark in the emerging Bayshore precinct<\/h2>\n\n\n\n
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The 515-unit Vela Bay is located right next to Bayshore MRT (Image: SingHaiyi)<\/figcaption><\/figure>\n\n\n\n

Positioned as the first private condominium in the emerging Bayshore area, Vela Bay is jointly developed by SingHaiyi Group and Chuan Capital. The project features two 31-storey residential towers and sits directly next to Bayshore MRT Station on the Thomson-East Coast Line. Its coastal setting also places residents within walking distance of East Coast Park and the beachfront, with around half of the units expected to enjoy unobstructed sea views.<\/p>\n\n\n\n

Read more: Vela Bay: A new landmark of coastal luxury and connectivity in the new Bayshore precinct<\/a><\/em><\/strong><\/p>\n\n\n\n

Developers note that the project\u2019s positioning appears to resonate with a broad mix of buyers. Interest has come from investors, HDB upgraders, right-sizers, and even families currently living in landed homes who are considering a move closer to their children. The turnout also suggests that the project\u2019s unit mix and pricing have struck a workable balance for today\u2019s market.<\/p>\n\n\n\n

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Vela Bay drew nearly 8,000 visitors on its opening weekend (Image: SingHaiyi)<\/figcaption><\/figure>\n\n\n\n

A large portion of visitors reportedly came from the eastern region, including nearby estates such as Bayshore, Upper East Coast, Bedok, and Tampines. This is not entirely surprising. The last private condominium launch in the immediate area was Seaside Residences<\/a><\/strong> back in 2017, which means buyers have had limited new options in the coastal belt for almost a decade. That gap has likely contributed to some level of pent-up demand.<\/p>\n\n\n\n