, JCube Residence is Set to Redevelop JCube

The closure of JCube marks the end of an era and make way for the redevelopment of the site for JCube Residence, a 40-storey residential and commercial development in Singapore’s Jurong East region. 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 is expected to launch for sale in the second half of 2023 with details yet to be disclosed.

JCube first opened its doors in 2010, providing leisure and edutainment to the Jurong East region. After a decade of operation, the move to redevelop the site for JCube Residence 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.

Observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units, with commercial space on the first and second storeys. It is slated for completion in 2027. JCube Residence will be connected to the Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre.

CLD expects to launch JCube Residence for sale in the second half of 2023, noted chief executive Tan Yew Chin. Exact details of JCube Residence pricing, as well as 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 JLD. According to CLD, 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.

“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.

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, 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, JCube Condo hotel or community.

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.

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. JCube Residence will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.

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 potential new launches including JCube Residence, 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.

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 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.

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. While the closure of JCube marks the end of an era and make way for JCube Residence location, the potential new launches will bring new homes, along with new businesses, recreational facilities and amenities to the JLD. 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 will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.

JCube Residence, located in the Jurong East region of Singapore, is set to become the newest residential and commercial development to be built in the area. The 40-storey development, which is slated for completion in 2027, will replace the existing JCUBE leisure and edutainment center and is expected to launch for sale in the second half of 2023.

The JCube Residence development comes after Singapore’s Urban Redevelopment Authority granted provisional permission for CapitaLand Development (CLD), the development arm of CapitaLand Group, to redevelop the JCube site. The redevelopment of JCube for JCube Residence is part of the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District (JLD).

JCube Residence will be connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the 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.

Exact details of JCube Residence pricing as well as the number and size of the units, have 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 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, said Lee Nai Jia, PropertyGuru’s head of real estate data intelligence, digital and software solutions. In terms of pricing, Lee 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.

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.

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. “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.

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 redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region.

JCube Residence is an exciting development that will bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District, while also providing residents with easy access to the Jurong East MRT interchange and other amenities. With an expected average selling price of S$2,100 psf and upwards, it is set to be an attractive option for those looking for affordable housing in the area. The official launch for sale of JCube Residence is expected to take place in the second half of 2023, with exact details of the units yet to be disclosed.