Singapore’s CapitaLand Group is set to redevelop JCube Mall in the Jurong East Region into a 40-storey condominium called JCube Residence. The mall, which was opened in 2011, has been in operation for more than a decade and will be closing its doors in August this year. The redevelopment project, which is expected to be completed in 2027, will feature a mix of residential and commercial space, with the latter occupying the first and second storeys of the development.
The new JCube Residence will be a highly sought-after property, as it will offer residents prime access to the Jurong East MRT station and the nearby Jurong East Regional Centre. In addition, it will be located close to major commercial and leisure hubs, such as JEM and Westgate Mall. The condominium will also be in close proximity to educational institutions, such as Nanyang Technological University and Jurong Junior College.
The 40-storey JCube Residence will house a total of 1,450 residential units and offer a wide variety of amenities for its residents. These include a gym, a swimming pool, a tennis court, a basketball court, and a playground for children. Other facilities include a 24-hour security system, a concierge service, and a multi-purpose hall.
The condominium will also have a two-storey retail mall, which will include a range of shops, restaurants, and lifestyle outlets. It is expected that the retail mall will be open to the public, allowing them to enjoy the amenities and offerings that the development has to offer.
The redevelopment of JCube Mall into JCube Residence is a major boost for the Jurong East Region. The development of the condominium is expected to attract more residents and businesses to the area, resulting in an increase in economic activity in the region. This, in turn, will help improve the quality of life of the people living in the area.
The redevelopment of JCube Mall also presents an opportunity for investors, as the development is expected to be highly sought-after in the near future. The completion of the project in 2027 is expected to result in an JCube Condo increase in property prices in the area. Thus, investors can look forward to a good return on their investments.
The redevelopment of JCube Mall will also bring about changes to the existing transportation network in the area. The completion of the project will see an increase in bus services and the construction of a new MRT station, allowing residents to have better access to other parts of the city.
Overall, the redevelopment of JCube Mall into the 40-storey JCube Residence is a positive development for the Jurong East Region. The development is expected to bring about economic and social benefits to the area, as well as provide investors with a good return on their investments. The completion of the project in 2027 will also help to improve the transportation network in the area, making it easier for residents to travel to other parts of the city.
Singapore’s CapitaLand Group is set to redevelop the JCube mall in the Jurong East area into a 40-storey condominium. The redevelopment project is expected to be completed in 2027 and will bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District.
The JCube mall, which opened in 2012, will close down on August 6, 2021 to make way for the new residential development. The mall’s tenants have been given notice and CapitaLand is providing the necessary support to ensure a smooth handover of the premises. After the closure, the mall’s Olympic-size ice-skating rink will be relocated to the Leisure Park Kallang.
The new development will be directly linked to the Jurong East MRT interchange station and other nearby facilities such as Westgate, IMM Building and the upcoming Jurong East Integrated Transport Hub. The hub will include an air-conditioned bus interchange, a public library, a community club, a sports center and other commercial spaces.
The new development will complement the government’s plans to add more jobs and homes to the Jurong Lake District. It is expected to provide 100,000 new jobs and 20,000 new homes between 2040 and 2050, adding to the one million residents already living in Singapore’s west region. The development is slated to become Singapore’s largest business district outside the central area.
Tan Yew Chin, CapitaLand Development Singapore’s chief executive, said that the development is expected to be launched for sale in the second half of 2023. He said the company is committed to providing quality homes and services to the Jurong East community.
The closure of the ice-skating rink at JCube has been a disappointment to many recreational figure skaters. Willis Lau, a 24-year-old recreational skater, said the closure of the rink is a shame as it means many skaters will lose a key practice venue. He added that he hopes a replacement rink will open soon and he may have to go abroad to pursue his passion if one does not open by the time he is back.
Edwin Lim, a co-founder of the JCube tenant PastaGo, said the company is hoping to find a suitable replacement in Jurong as they are attracted to the area’s demographic and vibrant food and beverage scene. He said they may have to look at malls such as Jurong Point, Jem and Westgate but expects the rental to be much higher. After the closure of the JCube outlet, employees will be transferred to the company’s new outlet at Hillion Mall in Bukit Panjang which is slated to open in March.
The redevelopment of the JCube mall is an exciting development for the Jurong East area. The new residential development will bring more jobs and homes to the area and will be linked to several important facilities. The closure of the ice-skating rink is a loss to the community but it is hoped that a suitable replacement will be found soon.