Now Selling: Vela Bay Balance Units Available
Vela Bay is a 99-year leasehold condominium in District 16, developed by Sing-Haiyi. With 515 units ranging from 1 to 5 bedrooms, it offers a variety of layouts for different lifestyles. The architecture and landscaping create a serene coastal-inspired environment. Currently, balance units are available for sale. You can schedule a private showflat appointment to review the latest indicative price guides and choose your ideal floor plan. Enjoy direct developer release with zero agent fees.
Connectivity
Located along Bayshore Road, Vela Bay is well-connected to major expressways and public transport, offering easy access to the rest of Singapore.
Schools & Lifestyle
The development is near reputable primary and secondary schools, as well as lifestyle amenities in the vibrant East region.
Growth Potential
Situated in District 16, Vela Bay is part of the URA master plan for the Bayshore area, which is envisioned to be a vibrant and sustainable residential precinct.
*The information is subject to change and photos/images used are artists' impressions for illustration purposes only.
A Coastal Sanctuary of Elegance
Vela Bay is crafted with architectural finesse, featuring lush botanicals and thoughtfully designed spaces that elevate residential living. Every detail is curated to create a harmonious blend of comfort and style.
Experience the perfect balance between urban vibrancy and natural retreat. The development offers a range of family-friendly facilities, including pools, gardens, and pavilions, fostering a sense of community and well-being.
Arrive through a grand welcome and retreat to your private sanctum. Indulge in resort-level wellness amenities such as the gymnasium, steam room, and wellness deck, designed for your ultimate relaxation.
Balance Units & Indicative Price Benchmarks
Curated bedroom configurations, strata sizes, and indicative developer price guides. Tap any unit to calculate your progressive cashflow or inspect high-resolution floor plans.
Vela Bay — New Launch Purchase Procedure (8-Step Roadmap)
A structured roadmap for purchasing available developer balance units: from showflat inspection and direct 5% OTP booking to progressive construction calls and key handover.
Affordability & In-Principle Approval (IPA)
Obtain swift bank In-Principle Approval (IPA) within 1–3 days to confirm your MAS 55% TDSR borrowing quantum and cash/CPF downpayment budget prior to securing your choice unit.
- Fast-track bank IPA assessment (1–3 days)
- CPF OA balance & down payment prep
- Stamp duty (BSD/ABSD) funds ready
Live Balance Units & Developer Starbuys
Review live developer availability and latest discounted starbuy promotional units. Available balance units are transacted directly on a first-come, first-served basis with immediate confirmation.
- Live available stack & unit inventory
- Developer promotional discounts & starbuys
- Price per sq ft vs recent transactions
Private Showflat Tour & Site Analysis
Guided walkthrough of show suites and physical development site to inspect spatial layouts, premium fittings, actual view corridors, and distance to MRT and schools.
- Show suite inspection & layout evaluation
- Finishes & branded fittings check
- Actual site perimeter & view orientation
Stack & Floor Level Optimization
Compare available floors and stacks using the Elevation Matrix. Analyze floor premiums, pool vs landscape views, and optimal price quantum to lock in your preferred unit.
- Precise floor jump premium check
- Facing & pool vs landscape view trade-offs
- Target unit confirmation with backup choice
Direct Unit Booking & Option to Purchase (OTP)
Select from available balance units and secure immediately with a 5% booking fee (via PayNow/Cheque/Cashier’s Order) in exchange for the Option to Purchase (OTP). No balloting wait required.
- Lock choice unit & stack
- Pay 5% booking deposit
- Receive developer-signed OTP
Exercise S&P Agreement & Stamp Duties
Developer issues S&P within 14 days. Exercise OTP within 3 weeks; pay BSD/ABSD within 14 days of exercise. Complete 15% balance payment within 8–9 weeks from OTP.
- Appoint conveyancing lawyer
- Exercise OTP within 3 weeks
- Pay Stamp Duty (BSD) within 14 days
- Pay 15% balance within 9 weeks
Progressive Milestone Payments & Construction Progress
Because construction is actively underway towards TOP (Est. 2031), early completed structural stages are billed at S&P completion, with remaining 5%–10% milestone calls spread over the shortened construction period.
- Early completed stages billed upon S&P
- Remaining tranches billed per certified milestone
- Significantly shortened waiting time to TOP
TOP Key Handover & 12-Month Warranty (DLP)
With a significantly nearer TOP date (Est. 2031), collect keys sooner for immediate personal move-in or fast rental yield generation. Full 12-month Defects Liability Period (DLP) warranty included.
- Accelerated timeline to key collection & move-in
- 12-month defect warranty coverage
- Immediate rental income potential upon TOP
Vela Bay Mortgage & Affordability Calculator
Indicative monthly instalment — adjust the rate to match your bank's package.
Stamp Duty & Affordability Check
Indicative BSD/ABSD payable and a TDSR affordability check.
New Launch Progressive Payment Timeline & Cashflow Milestones
Dynamic Singapore URA Standard Sale & Purchase Agreement timeline calculating stage call amounts, funding sources (Cash/CPF vs Loan), and progressive amortised monthly instalments.
* Milestone disbursements are indicative and based on Singapore URA/HDB Standard S&P schedules and MAS regulations. Actual drawdowns depend on developer architectural certification, legal conveyancing, and lender packages. Consult a Project Specialist.
Bank In-Principle Approval (IPA) — Why It Is Critical Before Booking
An official conditional loan pre-assessment from major Singapore banks (DBS, OCBC, UOB) establishing your indicative borrowing limits under MAS TDSR (55%) rules, safeguarding booking deposits against loan shortfalls.
New launches require a 5% cash booking fee for the OTP. If loan financing fails before expiry, 25% of this deposit is legally forfeited (losing $20,000 to $50,000+). Obtaining an In-Principle Approval (IPA) safeguards your booking deposit against borrowing shortfalls.
Balloting moves fast. An active IPA gives you maximum loan budget clarity, letting you select your preferred stack and floor level with complete confidence.
With an active IPA, banks convert your pre-approval into a formal Letter of Offer within 24–48 hours upon OTP issuance, easily beating the 3-week legal deadline.
FAQ
Vela Bay is a 99-year leasehold condominium.
Vela Bay has a total of 515 units. Balance units are currently available for sale.
Indicative guide prices vary by unit type and floor. Please register to receive the latest indicative price guide.
The expected TOP for Vela Bay is in 2031.
Vela Bay is located along Bayshore Road and is well-connected to major expressways and public transport.
Vela Bay is in District 16, near reputable primary and secondary schools.
Contact Project Specialists
Inquire about available balance units, developer price sheets & showflat viewings for Vela Bay
Huttons Asia Pte Ltd (CEA Licence No. L3008899K) · Bala Murugan (R072904C) & Robert Sim (R071157I)
High-resolution architectural layout · Subject to contract and final survey
REQUEST COMPLETE PRICE SHEET