The popular JCube shopping centre in Singapore is set to close its doors in August, to make way for a 40-storey residential and commercial development called JCube Residence. The move comes after CapitaLand Development (CLD) obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.
JCube Residence is slated for completion in 2027 and will be connected to Jurong East MRT interchange, JCube Condo Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD). Eventually, the development will be linked to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre, among other amenities.
Observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units. CLD expects to launch JCube Residence for sale in the second half of 2023, while exact details of pricing, number and size of units have yet to be disclosed.
JCube has been providing leisure and edutainment for more than a decade and it is sad to see it being closed. The new JCube Residence development will complement the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the JLD. Moreover, the potential launches in the vicinity, including 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 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 region developments. They believe that demand for affordable suburban housing will still be relevant and that the new development will likely boost home prices in the resale market, having a spillover effect on the Bukit Batok and Clementi areas.
On top of major tenants like Don Don Donki, Haidilao and Daiso, JCube Residence is also home to Singapore’s first and only Olympic-sized ice skating rink. 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.
While the closure of JCube marks the end of an era, the new JCube Residence development will bring much-needed residential and commercial space to the Jurong East region. With its excellent connectivity, the development is sure to be a popular choice among homebuyers and business owners.
The JCube Shopping Centre in Singapore is set to close its doors for good in August, paving the way for a new 40-storey residential and commercial development known as JCube Condo. The closure of JCube marks the end of an era for the Jurong East region, where JCube has been providing leisure and edutainment for 10 years.
CapitaLand Development (CLD) obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site and launch the new development. The new project will include commercial spaces on the first and second storeys and residential units estimated to cost between S$2,000 and S$2,100 per square foot. Completion is slated for 2027.
JCube Condo 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). Eventually, it will be linked to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre, among other amenities. CLD expects to launch the new development for sale in the second half of 2023.
The redevelopment of JCube, along with other potential launches in the area, will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years, noted property analysts. Demand for residential housing in Jurong has been on the rise, due to the lack of new condo launches in recent years. Property analysts are expecting the new JCube Condo 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.
JCube had been home to major tenants such as Don Don Donki, Haidilao and Daiso, and Singapore’s first and only Olympic-sized ice skating rink. CLD is working closely with JCube’s tenants to ensure a smooth handover of premises and the mall’s last day of operations is Aug 6.
The closure of JCube marks the end of an era and make way for the new JCube Condo development. Property analysts are expecting the new development 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. JCube Condo will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.
Singapore Condo is a popular housing option for many residents in Singapore due to its luxurious living experience and convenient amenities. Situated in the prime location of Upper Norwood, Norwood Grand stands out among other condos with its modern and elegant design, providing residents with a comfortable and stylish living space. The condo offers a range of facilities such as a swimming pool, gym, and BBQ pits for residents to relax and unwind. It also has easy access to nearby schools, shopping malls, and public transportation, making it an ideal choice for families and working professionals. With its thoughtful design and convenient location, Norwood Grand truly stands out as one of the best condos in Singapore.
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