The Jurong Lake District (JLD) is a key part of Singapore’s urban planning blueprint and is set to become an exciting regional commercial hub. The Singapore government has ambitious plans to transform the area into a vibrant business, recreational and residential hub. To this end, the government is working with key stakeholders to bring new homes, businesses, recreational facilities and amenities to the area.

At the heart of the JLD is the JCube shopping mall, which has been a popular leisure and edutainment destination for the last decade. Unfortunately, JCube is now set to close its doors in August to make way for a 40-storey residential and commercial development, 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 for JCube Residence will complement the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD. JCube Residence will 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.

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, 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 JCube Residence location. This will be a great benefit to those living in the area, having access to the many amenities and recreational facilities nearby.

In terms of pricing, 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. CLD expects to launch JCube Residence new development for sale in the second half of 2023, said chief executive Tan Yew Chin. Exact details of JCube Residence pricing as well as the number and size of the units, have yet to be disclosed.

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 said it is working closely with JCube’s tenants and providing them with the necessary support to ensure a smooth handover of the premises. 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, noted property analysts. Property analysts are expecting the new JCube residential project 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.

Demand for residential housing in Jurong has been on the rise, due to the lack of new condo launches in recent years. Desmond Sim, chief executive of Edmund Tie, believes that demand for affordable suburban housing will still be relevant, noting that “the perfect price will still garner interest”.

The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. Together with the new JCube development, the potential 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, noted property analysts. 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 Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the JLD is set to bring about an exciting transformation of the area. With the redevelopment of JCube for JCube Residence, along with the other potential launches in the area, the region is set to become a vibrant commercial and residential hub. This will be a great benefit to those living in the area, having access to the many amenities and recreational facilities nearby.

The Jurong Lake District (JLD) in Singapore is set to witness major changes in the near future as the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the area are set to be realised. This is highlighted by the recent redevelopment of the JCube site in the Jurong East region, which will be replaced by a 40-storey residential and commercial development known as 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 new JCube Residence will be connected to the nearby Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network. 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.

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. CLD expects to launch JCube Residence new development for sale in the second half of 2023, with exact details of pricing, as well as the number and size of the units, yet to be disclosed.

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. This is also in line with the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD.

JCube Residence redevelopment of JCube is also accompanied by the potential launches of 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, which comprises three plots of land, 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.

This potential new launches in the JLD 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. Property analysts are also expecting the new JCube residential project 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 redevelopment of JCube for JCube Residence, along with the 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. This is expected to be alleviated through the JCube Condo redevelopment of the JCube site, and the potential launches of the white site.

The Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the JLD is set to be realised in the near future. Through the redevelopment of the JCube site and the potential launches of the white site, the pent-up demand for housing in Jurong is expected to be alleviated. Property analysts are also expecting the new JCube residential project 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. In terms of amenities, the JCube Residence will be connected to the nearby Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network. 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. The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region.