JCube Residence
JCube Shopping Centre in Singapore is set to close its doors in August and make way for a JCube Condo 40-storey residential and commercial development called JCube Residence. The move comes after CapitaLand Development (CLD), the development arm of CapitaLand Group, obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.
The redevelopment of JCube Residence will bring new homes, along with new businesses, recreational facilities and amenities to the Jurong Lake District (JLD). CLD expects to launch JCube Residence new development for sale in the second half of 2023, said chief executive Tan Yew Chin.
Observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units of the new development, which will have commercial space on the first and second storeys. It is slated for completion in 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). 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.
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.
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 JCube Residence premises and the mall’s last day of operations is Aug 6.
The potential new launches including JCube Residence condo will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years. The potential launches will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas near to JCube Residence.
The closure of JCube marks the end of an era and make way for JCube Residence location. Residents living in the area will benefit from the many amenities and recreational facilities nearby, as well as the potential new launches in the area.
JCube Condo
JCube Shopping Centre in Singapore is set to close its doors in August to make way for a 40-storey residential and commercial development known as JCube Condo. The move comes after CapitaLand Development (CLD) obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.
JCube Condo will be an integrated development that will include residential units, commercial space, and retail outlets. It will be conveniently connected to the Jurong East MRT interchange, Westgate, and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District. Eventually, JCube Condo will be connected to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club, and sports centre. CLD expects to launch the new development for sale in the second half of 2023.
The closure of JCube marks the end of an era for the Jurong East region. Over the past decade, JCube has served as a leisure and edutainment hub for residents in the area. It was home to Singapore’s first and only Olympic-sized ice skating rink, as well as major tenants such as Don Don Donki, Haidilao, and Daiso. CLD is working closely with JCube’s tenants to ensure a smooth handover of premises and the mall’s last day of operations is August 6th.
The potential new launches including JCube Condo will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years. Property analysts have estimated an average selling price of S$2,100 psf and upwards for JCube Condo, aligned with recent launch prices of developments outside the central region.
JCube Condo will also add to anticipation over potential residential launches in the vicinity, including a 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme. This white site will be sold to a master developer which will build up to 375,000 square metres in gross floor area 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 redevelopment of JCube for JCube Condo is a welcome development for the Jurong Lake District. Together with the other potential launches in the area, it will likely boost home prices in the resale market and have a spillover effect on the Bukit Batok and Clementi areas.
Parktown Residence is a highly anticipated new integrated development jointly developed by renowned developers UOL Group and Capitaland. Located at Tampines Ave 1, this upcoming project is set to be a vibrant and modern addition to the bustling Parktown neighborhood. With its prime location and modern design, Parktown Residence promises to offer residents a luxurious and convenient lifestyle. The development will feature various amenities such as a swimming pool, fitness center, and landscaped gardens, catering to the diverse needs of its future residents. With its impeccable quality and strategic location, Parktown Residence is definitely a highly desirable address for both homeowners and investors. For more information on Parktown Residence, visit their official website at Parktown-Residences.com.sg.
