Singapore is set to welcome JCube Condo a new residential and commercial development, JCube Residence, which will be replacing the decade-old JCUBE. After being granted provisional permission from Singapore’s Urban Redevelopment Authority (URA), CapitaLand Development (CLD), the development arm of CapitaLand Group, announced that the JCube site will be redeveloped.
Analysts estimate that the JCube Residence residential units of the new development will have a price tag of S$2,000 to S$2,100 per square foot (psf). It is expected to be completed in 2027 and will be connected to Jurong East MRT interchange, Westgate and IMM Building via the 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.
The redevelopment of JCube for JCube Residence will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years. JCube Residence is expected 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. Property analysts are expecting the new JCube Residence to 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, but JCube Residence will offer residents access to many amenities and recreational facilities nearby. CLD is working closely with JCube’s tenants to ensure a smooth handover of JCube Residence premises and the mall’s last day of operations is Aug 6.
The opening of JCube Residence is highly anticipated and is sure to be a great addition to the neighbourhood. It will offer residents a convenient and comfortable living experience, with access to all the necessary amenities and recreational facilities.
The closure of JCUBE in August 2021 comes with an exciting new development. CapitaLand Development (CLD), the development arm of CapitaLand Group, has obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the J-Cube site into JCube Residence, a 40-storey residential and commercial development.
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). Eventually, JCube Residence 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 JCube Residence for sale in the second half of 2023.
The redevelopment of JCube for JCube Residence, along with other potential launches in the area, come as a welcome development for the region. 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 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. 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 new development will provide residents with a variety of amenities and recreational facilities. Apart from major tenants like Don Don Donki, Haidilao and Daiso, JCube Residence has also been home to Singapore’s first and only Olympic-sized ice skating rink. It’s easy access to MRT, retail and entertainment options makes it an ideal place to live.
JCube Residence will be a great addition to the Jurong Lake District and a great way to bring new homes, along with new businesses, recreational facilities and amenities to the region. With its potential new launches including JCube Residence condo, it will help to alleviate pent-up demand for housing in Jurong.