The Former JCube Shopping Centre to Be Converted Into a Mixed Development Condo

The Former JCube Shopping Centre to Be Converted Into a Mixed Development Condo

The former JCube Shopping Centre may soon see a dramatic transformation into a new residential building. Developer CLD is considering the move because of stiff competition from nearby shopping malls and a strong demand for new homes at the JCube site. However, some mall consolidation is inevitable, says Seshan Ramaswami, an associate professor of marketing education at the Singapore Management University.

CapitaLand’s acquisition of JCube

The recent acquisition of JCube Shopping Centre by CapitaLand Development paves the way for redevelopment plans. Located in Jurong Lake District, Singapore’s largest business district outside the CBD, the mall is close to several major transportation hubs. Last year, the mall achieved an occupancy rate of 95.5%, a record for any shopping mall in Singapore.

The sale price of $340 million represents a premium over the latest valuation for the JCube shopping mall. The JCube is one of three CICT malls in the Jurong East region and is one of the smallest assets by net lettable area.

The proposed redevelopment of JCube is expected to boost the local property market. However, the proposed redevelopment will require an approval from the Urban Redevelopment Authority. The JCube site will consist of a mix of residential and commercial space. A new residential tower would be constructed above the commercial spaces.

CapitaLand is one of Singapore’s largest retail REITs. It is listed on the SGX and owns 15 malls in Singapore. The company is considered to be a stable and reliable investor, with its income stable and strong financial status. The company is looking to raise its AUM to $10 billion by 2020.

The JCube Shopping Centre’s occupancy rate is low compared to its peers. It is lower than any other property in CMT’s portfolio, and it is currently below 90%. The mall’s owners are trying to position it as a hub for sports activities, and have recently added a 24-hour fitness centre.

Future of JCube

CapitaLand Development has acquired the JCube shopping mall, located in Singapore’s Jurong Gateway, and intends to redevelop it. The centre has a 95.5% occupancy rate last year, which was good for a shopping mall in Singapore. The new owner is expected to invest in the mall and redevelop it to be an integrated transport hub with bus interchange and community institutions.

The new Jurong East bus interchange is expected to boost footfall. The new terminal will be built just next to the JCube and should increase traffic in the area. In addition, the Singapore government plans to build 20,000 new houses in the Jurong East district in the next decade, bringing additional footfall to JCube.

Investors are also concerned about the JCube’s deteriorating occupancy rate. It is currently lower than any other property owned by CMT. The occupancy rate fell from 94.3% the year before to 90.9% in December. Despite this, the company is positioning the mall as a sports hub, and has added a 24-hour gym. It also plans to explore potential divestiture and redevelopment options for JCube.

The Urban Redevelopment Authority (URA) has issued a master plan for the area. It suggests that the JCube’s land could be converted to a mixed-use property with residential units on top. The company also intends to redevelop the mall to be more suitable for residential use.

The lease for JCube will expire in March 2023. During this period, the land plot ratio of the centre will increase from 3.0 to 4.2. Meanwhile, CapitaLand Development has also been looking at alternatives to redevelop the site. It also plans to replace the ice rink at JCube with a mixed-use residential complex.

Impact on neighbouring malls

In its bid to convert the former JCube Shopping Centre into a residential tower, CapitaLand Development (CLD) faces a number of challenges. One of the biggest is the strong demand for residential properties in Jurong East. The development could eventually generate prices of up to $2,000 per sq ft. Meanwhile, private properties in the same neighbourhood sell for around $1,500 per square foot.

A new masterplan for the JCube plot has been approved by the Urban Redevelopment Authority (URA), with plans to develop it into a residential-led development with commercial spaces on the first storey. This will increase the plot ratio of the development from 3.0 to 4.2. The JCube Shopping Centre, owned by CapitaLand, was first opened in 2012 after undergoing major refurbishments. It has a capacity of 30,000 shoppers.

Although the redevelopment of the JCube Shopping Centre is expected to create a mixed-use development, its impact on neighbouring malls remains unclear. The former JCube Shopping Centre is located about 200m from Jurong East MRT station. Other nearby malls include IMM, Westgate and Jem mall.

Cost of mixed-use development at JCube

Developer CapitaLand has plans to develop a larger property at JCube Shopping Centre. The mixed-use development will be a new shopping mall that focuses on e-commerce and residential spaces. Currently, the demand for residential space is high in Jurong East, and the development could bring in as much as $2,000 per sq ft. In the next two years, another 970 flats in Jurong East are due for completion.

JCube is part of Jurong Gateway, a planned urban development in the Jurong Lake District. It is located adjacent to the Jurong East MRT interchange station, which serves the existing Jurong MRT lines and the new Jurong Region Line. The proposed development will also include community institutions and a bus interchange.

JCube has five floors and three basement levels, as well as an outdoor garden. It has a total net lettable area of 210,038 sq ft. It is a 99-year leasehold. The developer expects the development to add up to $90 million in retail space.

The sale of JCube is a good way for the developer to reposition the property. It is expected to generate S$340m, which is a 22 percent premium to the mall’s valuation. This will provide CICT with capital to fund future acquisitions.

The latest commercial site near the JTC Summit has launched for sale. It can be developed into a 25-storey scheme. Its GFA is 695,000 square feet and has to contain at least 90% office space. According to JLL’s national director of research and consultancy, the site is expected to fetch bids of $700-800 psf ppr.

The developer may also benefit from rezoning the site and offering a higher plot ratio. For example, if he rezones the site for a mixed-use development, the cost per sq ft could go up to S$1,200.

Tengah EC at Jurong Region Line Near to Tengah Garden Estate

Tengah EC is located in Tengah Town. It is connected to the Central Business District and Marina Bay by an expressway. Tengah Executive Condominium is a great choice for investors and homebuyers alike. There are many amenities nearby, including a fitness center and a swimming pool. The location is perfect for commuters, as there are many bus and taxi services available. In addition, it is easily accessible from other parts of the city.

The Tengah Garden Walk EC is a unique urban development in Singapore. This holistic environment aims to promote total relaxation and physical rejuvenation. Its numerous species of plants and water features provide a refreshing environment that will revitalize your mind and body. In addition, the development will also provide a place to enjoy nature. There are many reasons why this urban development project is an exciting option for residents of Singapore.

This new EC is a joint development between two companies: City Developments Limit and MCL Land. The company has a wholly owned subsidiary called Taurus Properties SG Pte. Ltd., which won the tender for the development project. The developer has proposed a land area of 22,020 square metres, and a gross floor area of 61,659 square metres. The new development will have twelve blocks with up to fourteen stories and 620 residential units. The development is expected to achieve BCA Green Mark GoldPLUS and a super low energy rating.

The Tengah Garden Walk EC near to garden farmway district is a new residential estate that is expected to be completed by H2 2020. It is located near the Chinese Garden MRT station, Jurong West Industrial Estate, Downtown West, SAFRA, and the SAFRA. The estate’s proximity to public transport means that residents can reach their destinations in no time. The Tengah Garden Walk EC is a prime location for young families or professionals who are looking for a new home.

The Tengah EC is an executive condominium in Tengah, a new town that is on the way to being developed into a smart, sustainable city. It is just a 10-minute walk to the Tengah Town Centre and is also close to the Jurong Innovation District and Jurong Lake District. The development is a joint venture between City Developments Limited and MCL Land. With over 1400 units, it will provide a convenient living experience for its residents.

The Tengah EC is the first of its kind in the Tengah area. It will have 12 blocks with heights of up to 14 stories and 620 residential units. It will be surrounded by lush green landscapes and generous landscaping. It is expected to be finished by June 2022. Its release date is not yet finalized, but we hope to see it in action by that time.

Copen Grand Tengah EC is set to set the standard for future developments. The development is part of the Tengah estate, which is currently undergoing a transformation into a smart town. It will feature car-free zones in the town center, and will also include greenery and dedicated farming areas. The town centre will also feature three MRT stations: Tengah MRT station, Tengah Plantation MRT station, and the Tengah Park MRT station.

The location of Tengah EC is near the future MRT station and the bus terminal. It is also close to the planned Tengah Town District, which will feature separated pedestrian roads to allow for a safer environment for walkers and cyclists. The town will also feature car-lite zones and free parking. In addition, residents can expect plenty of green spaces and ample outdoor space.

The EC is located near amenities such as a bus interchange, a sports centre, eateries, and retail spaces. The EC is also within a 2-kilometer radius of two primary schools: Princess Elizabeth Primary School and Shuqun Primary School. In addition to the EC, the town also has several other educational institutions within the vicinity of Tengah. Its proximity to major public facilities makes it an ideal place to raise a family.

ECs are expected to be built throughout the town, including the Copen Grand EC in Tengah Town. It is located on Tengah Garden Walk, which will transform this area into a smart town. Residents of Tengah EC will have excellent transportation connectivity, as the upcoming Jurong Region Line connects the Tengah MRT station to Boon Lay MRT station, which is also close to Jurong East MRT.

The concept of Tengah EC aims to create a smart community in a forest environment. It features a number of smart features that are eco-friendly and sustainable, including green roofs, automated waste collection, and a centralized cooling system. The town’s green features also promote a healthy lifestyle. Residents will also benefit from public transportation and free parking, which makes Tengah EC a great place to live.

The development is located near the CBD and will be the first in the West region. It will feature green features and smart condominiums. Tengah EC’s amenities will also include a future car-free town centre and centralized cooling system. This town centre will also feature a variety of restaurants and other amenities. It will be an excellent choice for those who want to live in the city while being environmentally-friendly.

The Tengah town center will feature a variety of commercial space and eateries, as well as a sports hub and a town centre. It will also feature a polyclinic, community club, and bus interchange. Tengah EC will also feature a school system that includes both private and public schools. It will be an excellent place to raise a family. The nearby MRT station will provide access to all of Singapore’s major transportation hubs.

The EC is located near many important facilities including a bus terminal, future MRT station, and the upcoming Tengah Town District. Residents will also enjoy a car-lite environment with separated pedestrian and cycle paths. Public transport will be available at the EC, and residents will enjoy ample outdoor space and free parking. The EC is located near several schools, including Shuqun Primary School, Princess Elizabeth Primary School, and CHIJMES Singapore.

The development will span 700 acres and will include a car-free town centre. It is within walking distance of three MRT stations and the future car-free town centre. Future developments are planned in the area, including a sports centre, bus interchange, and polyclinic. The site has twelve designated educational plots, including a primary school, and is close to Princess Elizabeth Primary School and Shuqun Primary School.

The EC is located in Tengah, an area of Singapore within a planned smart town. It is near three MRT stations on the Jurong Region Line, and has an estimated 620 units. The development has a basement carpark and a full condo facility. The development’s tenure is 99 years. The TEC will be ready in 2026. The development’s location is ideal for families and students, and its proximity to schools and other amenities will be ideal.

If you’re interested in purchasing a property in Singapore, you should check out Tengah EC. This new property development is close to the Bukit Timah Nature Reserve and boasts several greeneries. It also has recreational facilities, such as a swimming pool and fitness centre. There are also balconies overlooking greenery. Tengah EC is expected to be the first of its kind in the West.

In order to help protect the environment, the developers of Tengah EC have worked hard to ensure that the development is green and sustainable. There are many nature-friendly features throughout the property, such as rainwater collection systems, and geothermal heating for communal homes. Residents will also appreciate that the project is committed to being environmentally friendly. It is a great opportunity for anyone interested in living green and helping the environment.

Residents can enjoy the lush landscaping of Tengah EC, a first for the region. The development will feature over 6,000 new flats and a lush 80-hectare landscape that resembles a Botanic Garden. The development will also have a peaceful wooden courtyard with a pond in the middle. A total of 12 plots of land have been designated for educational institutions. In addition to the greenery, the community will have numerous shopping malls and restaurants.

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