The news of CapitaLand Development (CLD), the development arm of CapitaLand Group, having obtained permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site into a 40-storey residential and commercial development with estimated S$2,000 to S$2,100 per square foot price tag for residential units has been met with much anticipation.

The 10-year-old JCUBE, located in the Jurong East region of Singapore, is set to close its doors in August to make way for JCube Residence, the new development which will have commercial space on the first and second storeys. CLD expects to launch the new development for sale in the second half of 2023.

The move comes as a welcome development for the region, as demand for residential housing in Jurong has been on the rise due to the lack of new condo launches in recent years. This will help to alleviate pent-up demand for housing in Jurong and further boost home prices in the resale market, potentially having a spillover effect on the Bukit Batok and Clementi areas near to the new JCube Residence.

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 to the JCube Residence location.

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 new JCube Residence residential project is expected 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 redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. This includes a 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme 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.

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. “Residential homes in 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,” said Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie.

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 news of CapitaLand Group’s development arm obtaining permission to redevelop JCube site into a 40-storey residential and commercial development has been met with much anticipation. 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 the JCube Residence. 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 to the JCube Residence location.

The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. 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. This will help to alleviate pent-up demand for housing in Jurong and further boost home prices in the resale market, potentially having a spillover effect on the Bukit Batok and Clementi areas near to the new JCube Residence.

The news of CapitaLand Group’s development arm obtaining permission to redevelop JCube site into a 40-storey residential and commercial development is a welcome development for the region. With the potential new launches, including the JCube Residence, the area will see an increase in housing options and amenities, thus significantly improving the lives of those living in the area.

CapitaLand Group’s Development Arm Obtains Permission to Redevelop JCube Site into a 40-Storey Residential and Commercial Development with Estimated S$2,000 to S$2,100 per Square Foot Price Tag for Residential Units

CapitaLand Development (CLD), the development arm of CapitaLand Group, has obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site in Jurong East, Singapore. The redevelopment of JCube into a 40-storey residential and commercial development, with an estimated S$2,000 to S$2,100 per square foot price tag for residential units, is slated for completion in 2027.

The redevelopment of JCube began in 2017, when CapitaLand acquired the site from its former owner, the Singapore government. JCube was an edutainment and leisure centre, and its closure marks the end of an era as CapitaLand looks to make way for a new development. The new JCube Residence will have commercial space on the first and second storeys, and the exact details of the pricing, unit number and sizes have yet to be disclosed.

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, 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. CLD expects to launch JCube Residence for sale in the second half of 2023, said chief executive Tan Yew Chin.

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. They 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. This pricing is also expected to 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 will JCube Condo also be 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.

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”. JCube Residence is expected to be a great benefit to those living in the area, having access to the many amenities and recreational facilities nearby.

The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. It signals that the Singapore government is committed to bringing new homes, along with new businesses, recreational facilities and amenities to the JLD. This will benefit the region, while also helping to meet the housing demands of the people living in the area.

Overall, the redevelopment of JCube into the new JCube Residence is expected to be a positive move for the region. It will provide new housing and commercial space, while also being connected to the many amenities and recreational facilities in the area. It is expected to have an average selling price of S$2,100 psf and upwards, with potential to boost home prices in the resale market. JCube’s tenants are being provided with the necessary support to ensure a smooth handover of the premises, and the mall’s last day of operations is Aug 6.