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 expecting the new JCube Residence to have an average selling price of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central JCube Condo region developments. The potential new launches including JCube Residence will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.
The closure of JCube marks the end of an era and make way for the new JCube Residence location. The development will provide more housing options, along with businesses and amenities, to the Jurong East region. CLD is working closely with JCube’s tenants to ensure a smooth handover of the premises and the mall’s last day of operations is Aug 6.
Singapore’s Jurong East is set to welcome a new residential development that will bring homes, businesses, and amenities to the area. CapitaLand Development (CLD), the development arm of CapitaLand Group, has obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site into a 40-storey JCube Condo.
The new development will feature commercial space on the first and second storeys, with residential units estimated to have a price tag of S$2,000 to S$2,100 per square foot (psf). It is slated for completion in 2027 and will be linked to the Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD). Eventually, JCube Condo will also be connected to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre, among other amenities.
The redevelopment of JCube brings new life to the area and is part of the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD. CLD is expected to launch JCube Condo for sale in the second half of 2023, but exact details of pricing as well as the number and size of the units have yet to be disclosed.
The new development will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years. Property analysts are expecting the new JCube residential project to have an average selling price of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central region developments. On top of major tenants like Don Don Donki, Haidilao and Daiso, JCube Condo is also home to Singapore’s first and only Olympic-sized ice skating rink.
The potential new launches near JCube Condo, including a 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme, will also likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.
The closure of JCube marks the end of an era and the redevelopment of JCube for JCube Condo is a welcome development for the region. Those living in the area will have access to the many amenities and recreational facilities nearby, making it an attractive option for potential buyers.