The closure of the popular JCUBE in the Jurong East region of Singapore is set to make way for the launch of a 40-storey residential and commercial development, JCube Residence. This development comes after CapitaLand Development (CLD) obtained provisional permission from the Urban Redevelopment Authority to redevelop the JCube site.
The new development is estimated to cost S$2,000-S$2,100 per square foot (psf) and is expected to be completed by 2027. JCube Residence will be connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD). It will also be linked to the upcoming Jurong East Integrated Transport Hub with amenities such as a bus interchange, public library, community club and sports centre.
JCube Residence is expected to be launched for sale in the second half of 2023 and will complement the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the JLD. The launch of this new development, along with the 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme, will help to alleviate the pent-up demand for housing in Jurong.
Property analysts are …