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Singapore’s popular leisure and edutainment destination, JCube, will close its doors in August to make way for a mixed-use development with commercial space and connected to Jurong East MRT interchange. CapitaLand Development (CLD), the development arm of CapitaLand Group, obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site, it announced on Tuesday (Feb 7). JCube Residence will feature 40 storeys of residential and commercial space, and is slated for completion in 2027.

After a decade of providing leisure and edutainment to Singaporeans, the closure of JCube marks the end of an era. CLD expects to launch JCube Residence for sale in the second half of 2023, said 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.

JCube first opened in 2011 and has been a popular destination for Singaporeans who seek leisure and edutainment. It is home to Singapore’s first and only Olympic-sized ice skating rink, and other major tenants including Don Don Donki, Haidilao and Daiso. JCube Residence redevelopment of JCube will complement the Singapore government’s plans to bring new homes, along with new 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 near to JCube Residence.

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. Observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units of the new development, which will have commercial space on the first and second storeys.

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 JCube Residence. Demand for residential housing in Jurong has been on the rise, due to the lack of new condo launches in recent years. together with the new JCube Residence, the potential launches in the area will help to alleviate pent-up demand for housing in Jurong.

On top of the potential new launches, JCube Residence also 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, hotel or community.

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 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. JCube has been a popular destination for Singaporeans who seek leisure and edutainment, and its closure marks the end of an era. However, the redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. The potential new launches and JCube Residence will likely boost home prices in the resale market and possibly have a spillover effect on the surrounding areas.

, Westgate and IMM Building

JCUBE, a popular Singaporean leisure and edutainment destination, is set to close its doors in August to make way for a new 40-storey mixed-use development, JCube Residence. The move comes after CapitaLand Development (CLD), the development arm of CapitaLand Group, obtained provisional permission from the Urban Redevelopment Authority to redevelop the JCube site. The new development will include commercial space on the first and second floors, as well as residential units. It is estimated that the residential units in the new development will have a price tag of S$2,000 to S$2,100 per square foot (psf), and the development is slated for completion in 2027.

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 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. CLD expects to launch JCube Residence new development for sale in the second half of 2023.

The closure of JCube marks the end of an era for the Jurong East area, which has been providing leisure and edutainment for over a decade. Observers are speculating that the redevelopment of the JCube for JCube Residence will bring about new businesses, recreational facilities and amenities to the JLD, helping to alleviate pent-up demand for housing in Jurong.

The potential new launches, including JCube Residence condo, will likely boost home prices in the resale market, as well as have a spillover effect on the Bukit Batok and Clementi areas near to JCube Residence. Property analysts are expecting the new JCube JCube Condo 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 was 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 redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. The new development will be a great benefit to those living in the area, having access to the many amenities and recreational facilities nearby, as well as being connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk.

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 promising news for potential buyers who are looking to purchase a unit in JCube Residence, as they can expect a competitive price and a great location.

It is clear that the redevelopment of JCube for JCube Residence is a great move for the Jurong East area. Not only will it bring new businesses and recreational facilities to the region, but it also has potential to boost home prices in the resale market and have a positive effect on the Bukit Batok and Clementi areas. With the potential new launches and the added convenience of being connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, JCube Residence is sure to be a desirable development in the Jurong East area.