JCube Mall in Jurong East Central Shutting Down for Linked 40-Storey Residential Development and Direct Access to Jurong East MRT Interchange Station
JCube Mall in Jurong East Central is set to close for a new development, with a linked 40-storey residential development and direct access to Jurong East MRT Interchange Station. This new development will rejuvenate the area, bringing new amenities and conveniences to the neighbourhood.
Opened in 2012, JCube Mall has been an iconic shopping mall in Jurong East Central, located directly above the Jurong East MRT Interchange station. It is well-known for its unique architecture and green roof, and was the first mall in Singapore to have a rooftop ice-skating rink. With a total net lettable area of 180,000 square feet, the mall housed a mix of retail outlets, including retail stores, eateries, and entertainment outlets.
However, the mall has been struggling in the past few years, due to its location and the rise of e-commerce. As a result, the mall’s occupancy rate has been dropping, and the mall has been losing its appeal to shoppers.
In 2020, Singapore-listed developer Link Reit announced plans to redevelop the mall into a 40-storey residential development. The project, which is expected to be completed in 2023, will comprise of 1,200 residential units, ranging from 1- to 4-bedroom units. It will also include a large retail component of about 25,000 square feet, as well as a direct link to the MRT station.
The new development will be an exciting addition to the neighbourhood, as it will provide much-needed housing in the area. The direct access to the MRT station will provide residents with easy access to the rest of the city, and the retail component will provide more shopping and dining options for those living in the neighbourhood.
The new development will also bring new jobs to the area, as the construction of the development will require many workers. This will be beneficial for the economy, as it will help create new jobs and stimulate economic growth.
The development of the new residential development will also benefit the neighbouring areas, as it will bring more people and activities to the area, thus increasing foot traffic. This will benefit local businesses, as more people will be attracted to the area, and this will likely lead to an increase in business activities.
The new residential development will also help to improve the aesthetics of the area, as it will provide a modern and vibrant look. This will be beneficial for the neighbourhood, as it will help to attract more people and businesses to the area.
Overall, the new development of JCube Mall in Jurong East Central will be a positive one, as it will bring new amenities and conveniences to the neighbourhood. The new residential development will provide much-needed housing, and the direct access to the MRT station will be beneficial for those living in the area. The new development will also bring new jobs and stimulate economic growth, as well as improve the aesthetics of the area.
Jurong East Central has been an iconic hub in the West of Singapore since the opening of the Jurong East MRT Interchange station in 1990. It is also home to JCube, a popular shopping mall that was established in 2012. Unfortunately, all good things must come to an end and JCube is set to be closed in 2021 to make way for a new 40-storey residential development with direct access to the Jurong East MRT Interchange station.
This new development, which is the first of its kind in Singapore, will be a welcome addition to the already vibrant neighbourhood. It will consist of two 40-storey residential towers, with a total of 814 residential units and a direct air-conditioned linkway to the MRT station. The development will also feature a number of amenities and facilities such as swimming pools, a gym, a tennis court, a community plaza and a childcare centre.
The decision to close JCube came about after the mall’s landlords, CapitaLand Commercial Trust and CapitaLand Mall Trust, decided to divest their interests in the mall. This has allowed them to focus their resources on other real estate investments, such as other malls and office buildings.
The closure of JCube has been met with a mixture of emotions from the public. On the one hand, many are sad to see the mall go, as it has been a popular spot for many families, couples and friends over the years. On the other hand, they are excited for the new development and the potential it has to bring more people to the neighbourhood.
The closure of JCube will also have a significant impact on the local businesses in the area. Many of these businesses have been JCube Condo relying on the foot traffic generated by the mall, and will now have to find new ways to attract customers.
The closure of JCube is a sign of the times. It is a reminder of the ever-changing nature of the real estate industry, and the need to keep up with the times in order to remain competitive. While it is sad to see the mall go, the new 40-storey residential development is sure to bring more life and vibrancy to the neighbourhood.
In the long run, the closure of JCube may be seen as a positive move for the area. The new residential development will bring more people to the neighbourhood, and will create more job opportunities for those living and working in the area. This can only be a good thing for the local economy.
It is clear that the closure of JCube will have a lasting impact on the neighbourhood. While the mall has been an integral part of the area for many years, the new residential development will no doubt inject new life and energy into the neighbourhood. In the end, this may prove to be a positive move for the area, and will provide more opportunities for those living and working in the area.