The CapitaLand Group’s development arm, CapitaLand Development (CLD), has recently obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site in the Jurong East region of Singapore. This move signals the end of an era for the JCube, which has provided leisure and edutainment for the past decade.
In the place of the JCube, a 40-storey residential and commercial development called JCube Residence will be built. The development will consist of commercial space on the first and second storeys, as well as private homes, and is expected to be completed by 2027.
JCube Residence will be connected to the nearby 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 near the JCube Residence location.
CLD expects JCube Condo to launch the JCube Residence development for sale in the second half of 2023. However, exact details of the pricing and the number and size of the units have yet to be disclosed.
The redevelopment of JCube into JCube Residence is part of the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the JLD. It adds to anticipation over potential residential launches in the vicinity, including a 6.8-hectare mega white site which is on the confirmed list of the first half of the 2023 government land sales programme.
The potential new launches, including JCube Residence, 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 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.
The closing of JCube marks the end of an era and the opening of a new one for the Jurong East region. While people will miss the leisure and edutainment it provided, JCube Residence is set to bring a new wave of residential, commercial and recreational opportunities to the area.
The CapitaLand Group has obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site in the Jurong East region of Singapore. This marks the end of an era for the popular edutainment and leisure facility, which has served the community for the past decade.
The new development, dubbed JCube Condo, will be a 40-storey residential and commercial building with commercial space on the first and second storeys. It is expected to be completed in 2027, and observers are estimating a price tag of S$2,000 to S$2,100 per square foot (psf) for its residential units.
The JCube Condo development will be connected to the Jurong East MRT interchange, Westgate and IMM Building via the J-Walk, an elevated pedestrian network in the Jurong Lake District (JLD). It will eventually be linked to the upcoming Jurong East Integrated Transport Hub, which will include amenities such as a bus interchange, public library, community club and sports centre.
The new development will complement the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the JLD, as well as alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years.
The CapitaLand Development (CLD) chief executive Tan Yew Chin has said that they will launch the JCube Condo for sale in the second half of 2023. Exact details such as the number and size of the units and the pricing have yet to be disclosed.
The potential new launches including JCube Condo will also benefit from a 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme. The white site will be sold to a master developer which will build up to 375,000 square metres (sq m) in gross floor area (GFA) in the next five to 10 years. This includes 1,760 private homes, 150,000 sq m of office space, and 75,000 sq m of complementary uses such as for retail, hotel or community.
The closure of JCube also marks the end of its many tenants, including Don Don Donki, Haidilao and Daiso. 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 August 6.
The redevelopment of JCube for the new JCube Condo development is a welcome development for the Jurong East region, and will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas. Property analysts expect 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 Condo is a great way to bring greater convenience and accessibility to the Jurong East community, as well as create more opportunities for businesses and leisure activities. It will certainly be an exciting development to watch as the area continues to grow and evolve.