CapitaLand’s Extensive Presence in JLD to Contribute to District’s Transformation

February 21st, 2023

CapitaLand, Singapore’s leading developer, has announced plans to further expand its presence in the Jurong Lake District (JLD). The developer intends to bring in new commercial and residential developments to contribute to the transformation of the district.

The new developments will be part of CapitaLand’s “Live, Work, Play” strategy, which will include residential, commercial, and leisure spaces. This strategy is based on the concept of creating a vibrant and diverse district that serves as a vibrant and sustainable live-work-play hub for residents and businesses.

CapitaLand has already developed a number of residential and commercial projects in JLD, including the Ascent, a luxurious residential development. The developer is also planning to launch the Westgate Tower, a mixed-use development that will include luxury apartments, a shopping mall, and other facilities.

The developer is also investing heavily in other projects in the district, such as the upcoming Jurong Gateway Integrated Project, which will include a new Science Centre, Singapore’s fourth university, and a hotel.

CapitaLand’s extensive presence in JLD will contribute to the district’s transformation into a vibrant and sustainable live-work-play hub. The developer’s projects will bring in more employment opportunities and amenities, as well as more business and leisure options. It will also serve as a catalyst for other developments in the area.

The developer’s presence in JLD is in line with the government’s vision for the district, which is to transform it into a vibrant and sustainable live-work-play hub. This is part of the government’s plans to create a vibrant and sustainable city centre in the western part of Singapore.

CapitaLand’s extensive presence in JLD is expected to contribute to the transformation of the district into a vibrant and sustainable live-work-play hub. The developer’s projects will bring in more employment opportunities, amenities, and business and leisure options. It will also help to create a vibrant and sustainable city centre in the western part of Singapore.

CapitaLand has made an extensive presence in Jurong Lake District (JLD) and is set to contribute to the district’s transformation.

The Singapore-based real estate giant recently announced plans to develop a 40-storey residential building in the heart of Jurong East Central, which will be linked directly to the Jurong East MRT station, Westgate, and IMM Building via the J-Walk pedestrian network. The new residential development is expected to be completed in 2027 and will include commercial space on the first and second storeys.

CapitaLand also sold Big Box mall in Jurong for $118 million and plan to turn it into a business park. The planned business park is expected to provide about 100,000 new jobs and 20,000 new homes between 2040 and 2050.

In addition to the residential and business developments, CapitaLand is also working closely with the tenants of JCube mall, which will close down on Aug 6 to make way for the residential development, to ensure a smooth handover JCube Condo of the premises.

The Jurong Lake District development is expected to become Singapore’s largest business district outside the central area. It will be linked to the upcoming Jurong East Integrated Transport Hub, which will include an air-conditioned bus interchange, a public library, a community club and a sports centre.

CapitaLand’s extensive presence in JLD will not only contribute to the district’s transformation, it will also provide much needed housing, jobs and recreational facilities to the people of Singapore. The planned development is seen as a key component of the government’s plans to bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District.

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