The closure of JCube, Singapore’s premier leisure and edutainment destination in Jurong East Central, marks the end of an era. The popular mall is 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.

JCube Residence will be a luxurious residential and commercial development that will add to the vibrancy of the Jurong East Central area. It will feature 1,760 private JCube Condo homes, 150,000 square metres (sq m) of office space, and 75,000 sq m of complementary uses such as for retail, hotel or community. It is slated for completion in 2027 and 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).

The JCube Residence development is in line with the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD. CLD expects to launch JCube Residence for sale in the second half of 2023, with exact details of pricing and the number and size of the units yet to be disclosed. However, observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units.

The JCube Residence redevelopment of JCube 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, which comprises three plots of land, will be sold to a master developer which will build up to 375,000 sq m in gross floor area (GFA) in the next five to 10 years. Together with the new JCube Residence development, the potential launches 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. This would 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.

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”. This is good news for those looking to purchase a home in the area, as it will provide them with more options.

JCube Residence will also be connected 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.

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 closure of JCube marks the end of an era and the start of a new era with the JCube Residence development. The potential new launches in the area will help to alleviate pent-up demand for housing in Jurong and provide more options for those looking to purchase a home in the area. It will also be connected to the upcoming Jurong East Integrated Transport Hub, providing easy access to the many amenities and recreational facilities nearby. 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.

CapitaLand Development announced on Tuesday that it has been granted provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube Mall in Jurong East Central, making way for a 40-storey residential development with commercial space. The move comes after more than a decade of providing leisure and edutainment for the local community and marks the end of an era for the mall.

Situated in the Jurong Lake District, JCube was opened in 2011 as a one-stop destination for entertainment and leisure activities. Over the years, it has become a popular spot among locals and tourists alike, hosting a number of shops, restaurants, a cinema, and an Olympic-sized ice skating rink.

While the closure of JCube marks the end of an era, the new development, JCube Residence, is expected to bring a new wave of life to the area. The 40-storey residential and commercial development is slated for completion in 2027 and is expected to come with a S$2,000 to S$2,100 per square foot (psf) price tag for its residential units.

The development 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. 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.

Tan Yew Chin, Chief Executive of CapitaLand Development, said that the group is looking to launch the JCube Residence for sale in the second half of 2023. Exact details of pricing and the number and size of the units have yet to be disclosed.

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 Jurong Lake District. Additionally, it 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 mega white site comprises three plots of land and will be sold to a master developer which will build up to 375,000 square metres (sq m) of 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.

Property analysts believe that residential homes in the Jurong Lake District may be attractive in the long term, as regions zoned for infrastructural growth and substantial transformational works tend to see faster capital appreciation. According to Christine Sun, Senior Vice-President of Research and Analytics at OrangeTee & Tie, the potential new launches including JCube Residence will help to alleviate pent-up demand for housing in Jurong and will likely boost home prices in the resale market and have a spillover effect on the Bukit Batok and Clementi areas.

Desmond Sim, Chief Executive of Edmund Tie, also believes that demand for affordable suburban housing will still be relevant, noting that “the perfect price will still garner interest”. He expects 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.

To ensure a smooth handover of premises, CapitaLand Development is working closely with JCube’s tenants and providing them with the necessary support. The mall’s last day of operations is scheduled to be on August 6, 2021.

The closure of JCube and the redevelopment of JCube Residence marks a new beginning for the Jurong East Central area. With the new development and potential launches in the vicinity, the area is set to become a vibrant new hub with a variety of amenities and recreational facilities, providing residents with a comfortable and convenient lifestyle.