JCube Mall, located in the Jurong East region of Singapore, is set to close its doors this August to make way for a 40-storey residential and commercial development, Jcube Residence. The move follows CapitaLand Development (CLD), the development arm of CapitaLand Group, obtaining provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.

The JCube site will be replaced by JCube Residence, a mixed-use development with commercial space on the first and second storeys. The residential units are estimated to have a S$2,000 to S$2,100 per square foot (psf) price tag and are expected to be completed by 2027. The location of JCube Residence is further bolstered by its proximity to the Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD). Eventually, the development 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.

JCube Residence redevelopment of JCube is part of the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD. The potential 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.

JCube, which first opened its doors in 2011, was one of the first edutainment and leisure malls in Singapore. The mall has had its fair share of tenants, including Don Don Donki, Haidilao and Daiso, as well as the nation’s first and only Olympic-sized ice skating rink. In preparation for the redevelopment, CLD has been working closely with JCube’s tenants to ensure a smooth handover of the premises. The mall’s last day of operations is Aug 6.

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.

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.

The closure of JCube marks the end of an era and make way for JCube Residence location. 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.

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.

The closure of JCube Mall is a bittersweet moment for many Singaporeans, who were able to experience the joys of edutainment and leisure in the mall for a decade. However, the upcoming JCube Residence is sure to bring many benefits to the region, from increased housing supply to the convenience of having amenities and recreational facilities nearby. 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. The new development is sure to make JCube’s location even more attractive and desirable.

The closure of JCube, located in the Jurong East region of Singapore, marks the end of an era, after a decade of providing leisure and edutainment. The mall is set to close its doors in August to make way for a 40-storey residential and commercial development, JCube Residence, developed by CapitaLand Development (CLD), the development arm of CapitaLand Group.

JCube Residence is estimated to have a S$2,000 to S$2,100 per square foot (psf) price tag for residential units, and will have commercial space on the first and second storeys. It is slated for completion in 2027 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).

The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region, given the lack of new condo launches in recent years and the pent-up demand for housing in Jurong. 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. 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.

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. 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.

Also adding to anticipation over potential residential launches in the vicinity is 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 who 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 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 JCube Condo the mall’s last day of operations is Aug 6. While the closure of JCube marks the end of an era, it makes way for JCube Residence, a 40-storey residential and commercial development that promises to bring new homes, businesses, recreational facilities and amenities to the JLD.

The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region, given the lack of new condo launches in recent years and the pent-up demand for housing in Jurong. 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.

JCube Residence 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. 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, providing the community with a great recreational facility to enjoy.

As CLD works to redevelop JCube for the new JCube Residence, the move is set to provide a much needed boost to the Jurong East region, with new business opportunities, residential units and amenities to come. The potential new launches in the area, including JCube Residence, will help to alleviate pent-up demand for housing in Jurong, creating much needed demand for the region and bringing a wealth of opportunities for those looking to live in the area.