Vela 1 is the only Bayshore MRT condo with direct station access—the MRT exit is literally across the road. This makes it the most connected new launch in District 16. From Bayshore MRT, residents can reach Marina Bay in just 7 stops (about 15 minutes) via the Thomson-East Coast Line, making it ideal for CBD professionals seeking East Coast living.

Vela 1 is a 99-year leasehold development. The land was acquired through the Government Land Sales (GLS) programme in March 2025, so the lease will commence from 2025.

Vela 1 floor plans will range from 1-bedroom to 4-bedroom configurations across approximately 515 units. While official Vela 1 floor plan details are pending the showflat launch, expect efficiently designed layouts that maximise the waterfront orientation. Based on SingHaiyi's track record with Grand Dunman and Parc Clematis, buyers can anticipate quality finishes and functional layouts. Register to receive Vela 1 floor plan updates when released.

Vela 1 features premium facilities including Swimming Pool, Gym, Clubhouse, Tennis Court, BBQ Pavilions.

The expected TOP (Temporary Occupation Permit) date for Vela 1 is 2029/2030 (Est.).

Based on the record land price of $1,388 psf ppr paid by SingHaiyi, industry analysts project Vela 1 prices around $2,500-2,800 psf. For context, nearby Seaside Residences (completed 2021) achieved $1,800-2,000 psf at launch. The Vela 1 price premium reflects its direct Bayshore MRT access and first-mover advantage as the only new launch in this transforming precinct. Register to receive the official Vela 1 price list when released.

The Vela 1 showflat is expected to open in Mar/Apr 2026 for preview, with booking to follow shortly after. The showflat will showcase actual unit layouts, finishes, and fittings so buyers can experience the quality firsthand. Register now to receive priority Vela 1 showflat viewing appointments and be among the first to visit.

SingHaiyi Group is a well-established Singapore property developer with a track record of over 4,000 homes delivered. Notable projects include Grand Dunman (1,008 units), Parc Clematis (1,468 units), The Gazania, and The Lilium. Previously SGX-listed, SingHaiyi was privatised in 2022 and is led by principals Gordon and Celine Tang. Their experience with large-scale developments gives confidence in Vela 1's execution.

Vela 1 follows the standard progressive payment scheme for new launch properties in Singapore. Typically: 5% booking fee, 15% upon signing S&P, then progressive payments tied to construction milestones. Contact us for the detailed payment schedule.

District 16 (Bayshore/Upper East Coast) offers the best of East Coast living—proximity to East Coast Park, established schools like Temasek Primary and Victoria School, and the beloved food scene along East Coast Road. As a District 16 new launch, Vela 1 adds something previously unavailable: direct MRT access via the Thomson-East Coast Line. This transforms commuting for East Coast residents while preserving the laid-back coastal lifestyle.

As an East Coast condo, Vela 1 offers the lifestyle many Singaporeans dream of: morning jogs along East Coast Park (1.4km away), weekend cycling, kayaking at Singapore Wake Park, and seafood dinners at East Coast Lagoon Food Village. The area is known for its relaxed vibe, good schools, and strong community. Vela 1 adds direct MRT connectivity that older East Coast condos lack, making it the best of both worlds.

Vela 1 is within 1km of Temasek Primary School (~876m), giving children P1 registration priority. Other nearby primary schools include Opera Estate Primary, Fengshan Primary, and St. Stephen's School. For secondary education, Victoria School (~1.7km) and CHIJ Katong Convent (~2km) are accessible. Temasek Junior College is approximately 2km away. This makes Vela 1 attractive for families prioritising education.

You can register your interest through our website and our sales team will contact you to arrange a showflat viewing at your preferred timing. Appointments are recommended to ensure a sales representative is available to assist you.

Yes, foreigners can purchase units at Vela 1. However, foreign buyers are subject to Additional Buyer's Stamp Duty (ABSD) of 60%. Singapore PRs pay 5% ABSD for their first property. Contact us for more details on eligibility and taxes.

For Singapore Citizens and PRs: NRIC. For foreigners: Passport and proof of address. Additional documents may be required for loan applications. Our sales team can guide you through the documentation process.