SingHaiyi Group Debuts Vela Bay as First Private Residential Launch Within Singapore’s 60-Hectare Bayshore Precinct

SingHaiyi Group launches Vela Bay, the first private residence in Singapore's new Bayshore precinct, featuring sea views and doorstep MRT access.

By: AXL Media

Published: Apr 11, 2026, 4:56 AM EDT

Source: Information for this report was sourced from The Straits Times

Strategic Positioning in a Waterfront Transformation Zone

The introduction of Vela Bay represents the first private residential entry into the Urban Redevelopment Authority’s envisioned 60-hectare Bayshore precinct. This waterfront district, roughly equivalent in size to 90 football fields, is being developed as a pedestrian-friendly neighborhood centered around a one-kilometer-long community spine known as Bayshore Street. As the premier private launch in this newly defined territory, the development offers investors a rare first-mover advantage in a location that will eventually feature a mix of 10,000 homes, with private residences comprising only 30 percent of the total housing stock.

Architectural Focus on Unblocked Marine Panoramas

Taking design cues from luxury yacht aesthetics, the development emphasizes a deep connection to the coastal environment. By orienting more than 70 percent of its 515 apartments toward the sea, the project ensures long sightlines and enhanced privacy that are becoming increasingly scarce in Singapore’s dense residential market. This architectural orientation is intended to facilitate natural ventilation and capture sea breezes, creating a more sustainable indoor climate. The units range from one to five-bedroom configurations, catering to a diverse demographic from single professionals to large multi-generational families.

Seamless Transit Integration and Future Connectivity

Connectivity serves as a primary pillar of the development’s value proposition, with the Bayshore MRT station located at the doorstep of the project. This placement on the Thomson-East Coast Line provides residents with direct transit links to the Central Business District, Marina Bay, and Orchard Road. Looking ahead to the mid-2030s, the planned extension of the line will connect the neighborhood to Changi Airport in just three stops. For those utilizing private transport, the East Coast Parkway offers immediate expressway access, placing major commercial hubs and the airport within a few minutes’ drive.