JCube Residence, the upcoming residential and commercial development from CapitaLand Development, is set to transform the former JCube shopping centre in Jurong East. The 40-storey development will have commercial space on the first and second floors and is estimated to have a selling price of S$2,000 to S$2,100 per square foot (psf).

The new development will be connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network. 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. The project is slated for completion in 2027.

The new development will add to anticipation over potential residential launches in the vicinity, such as 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 JCube Condo or community.

The potential new launches, including JCube Residence, 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 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.

The closure of JCube marks the end of an era and is making way for a new, exciting development. JCube Residence will not only add more residential and commercial space, but also add to the already existing amenities and recreational facilities nearby, making the area even more attractive to potential residents. The exact details of JCube Residence pricing as well as the number and size of the units, have yet to be disclosed. However, analysts expect the development to launch for sale in the second half of 2023.

JCube Condo is a 40-storey residential and commercial development which is set to replace the former JCube Shopping Centre located in the Jurong East region of Singapore. Developed by CapitaLand Development (CLD), the development arm of CapitaLand Group, the new development will feature commercial space on the first and second storeys and is slated for completion in 2027.

JCube Condo 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 Condo location.

Property analysts are expecting the new JCube Condo 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 is due to the lack of new condo launches in recent years and is expected to boost home prices in the resale market, as well as having a spillover effect on the Bukit Batok and Clementi areas.

JCube Condo will also come with a range of amenities and recreational facilities, including 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 Condo premises and the mall’s last day of operations is Aug 6.

Overall, JCube Condo provides a great opportunity to those living in the area, having access to the many amenities and recreational facilities nearby. It is expected to be a great benefit to the region and will help to alleviate pent-up demand for housing in Jurong. With exact details of JCube Condo pricing as well as the number and size of the units yet to be disclosed, anticipation for the new development is growing.