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Vela Bay sells 72% on launch day at average price of $2,886 psf
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Vela Bay sells 72% on launch day at average price of $2,886 psf
Joint developers SingHaiyi and Chuan Capital have sold 371 units (72%) of the 515-unit Vela Bay as at 6pm on its launch day on April 25. The units were sold at an average price of $2,886 psf, reflecting strong demand for the first private residential launch in the new Bayshore precinct. Interest was broad-based across unit types. One-bedroom-plus-study units, priced from above $1.2 million, were almost fully taken up, while two-bedroom units fro…
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