The beloved Jurong East shopping mall, JCUBE, is set to make way for a 40-storey residential and commercial development called JCube Residence in 2027. The news came as a shock to JCUBE’s tenants as it was announced by CapitaLand Development (CLD), the development arm of CapitaLand Group, that they had obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.

JCUBE has been providing leisure and edutainment to the Jurong East region of Singapore for the past decade and its closure comes as a blow to its loyal tenants. Many of these tenants have been caught off guard by the news of the closure and are now faced with the challenge of finding a new place to operate their businesses.

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. There is still no exact word on the number and size of the units, but CLD expects to launch JCube Residence for sale in the second half of 2023.

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). It will eventually 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 is expected to bring more people to the area, creating more opportunities for businesses.

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

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 good news for those who are looking for a home in the Jurong East area.

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 JCube Condo the premises. 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. Demand for residential housing in Jurong has been on the rise, due to the lack of new condo launches in recent years.

Overall, the closure of JCube marks the end of an era, but it is also the start of something new. The upcoming JCube Residence will provide an opportunity for people to live in a modern, well-connected neighbourhood that offers a range of amenities. It will also give businesses in the area a new lease of life and the chance to reach a new customer base. Although tenants may be caught off guard by the closure of JCube, it is likely that the new JCube Residence will benefit the Jurong East area in the long run.

The closure of JCube, a beloved shopping mall in Jurong East, Singapore, has caught many tenants off guard. After 10 years of providing leisure and edutainment, the mall is set to close its doors in August this year to make way for a 40-storey residential and commercial development called JCube Residence. The move comes after CapitaLand Development (CLD), the development arm of CapitaLand Group, obtained permission from the Urban Redevelopment Authority to redevelop the JCube site.

JCube Residence is slated for completion in 2027 and is expected to be priced at S$2,000 to S$2,100 per square foot (psf). The new development will offer commercial space on the first and second storeys and 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.

The redevelopment of JCube for JCube Residence comes 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. 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.

However, the closure of JCube has caught many of its tenants off guard. On top of major tenants like Don Don Donki, Haidilao and Daiso, JCube 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 August 6.

The closure of JCube has raised concerns for its tenants, as many of them are facing sudden relocation. Some of the tenants have been in JCube for years and are now scrambling to find new locations that suit their needs. The businesses have also taken to social media to appeal to the local community for help, in the form of suggestions for alternate locations or potential customers.

In addition, the closure of JCube has also sparked debate on the Singapore government’s policy of redeveloping existing sites to make way for new developments. While the potential new launches including JCube Residence condo will help to alleviate pent-up demand for housing in Jurong, some have argued that the government should have considered other options such as refurbishing existing sites or creating new sites, rather than closing down existing malls.

Overall, the closure of JCube and the subsequent redevelopment of the site for JCube Residence is a bittersweet reality for many of its tenants. While 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, some of its tenants are now facing the difficult task of finding new locations for their businesses. The closure of JCube marks the end of an era, making way for JCube Residence and more potential launches in the area.