Capitaland’s new JCube Residence condo development project is set to be a major addition to the Jurong East region of Singapore. Located in the Jurong East area, the project will replace the existing JCube shopping centre and is expected to be completed in 2027.

The 40 storey residential and commercial development will bring new homes, along with new businesses, recreational facilities and amenities to the Jurong Lake District. Observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for the project’s residential units. The development will also 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).

JCube Residence adds 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. The white site 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.

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. 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. The potential new 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.

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. With the closure of JCube and the potential launch of JCube Residence, the area will be injected with new housing, businesses and amenities to meet the increasing demand for such services.

The closure of JCube marks the end of an era and the beginning of a new one with the development of JCube Condo by CapitaLand Development (CLD). Located in the Jurong East region of Singapore, JCube Condo is a 40-storey residential and commercial development set to launch in the second half of 2023. JCube Condo will be connected to JCube Condo Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD). It will also be linked to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre.

JCube Condo is expected to launch with an average selling price of S$2,100 per square foot (psf) and upwards, aligned with recent launch prices of the outside of central region developments. It is anticipated that JCube Condo will boost home prices in the resale market and have a spillover effect on the Bukit Batok and Clementi areas.

The redevelopment of JCube for JCube Condo, 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. Along with new homes, the Singapore government’s plans to bring new businesses, recreational facilities and amenities to the JLD will be a great benefit to those living in the area, having access to the many amenities and recreational facilities nearby.

The closure of JCube after a decade of providing leisure and edutainment is a bittersweet one. CLD is working closely with JCube’s tenants to ensure a smooth handover of the premises. With the potential launches in the area and JCube Condo’s connecting with the Jurong East Integrated Transport Hub, the potential for future growth and development in the area is promising.