JCUBE Shopping Centre to Be Replaced by New Development in Jurong East

The closure of JCube shopping centre in Jurong East marks the end of an era, as the mall will be replaced by the new JCube Residence in 2027. This move comes after CapitaLand Development (CLD) obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.

The new JCube Residence is a 40-storey residential and commercial development and will have commercial space on the first and second storeys. The development 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 also 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.

Observers have estimated a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units. CLD expects to launch JCube Residence for sale in the second half of 2023, though exact details of pricing and unit size have not been 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. It 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 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. It is expected that JCube Residence will 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 potential launches will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.

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 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, comes as a welcome development for the region. It is hoped that the new JCube Residence will offer the residents of Jurong East with a variety of amenities and recreational facilities and help to alleviate pent-up demand for housing in the area.

The Jurong East region of Singapore is set to have a new development in the form of JCube Residence, which will replace the existing JCUBE shopping centre. JCUBE has been providing leisure and edutainment services for a decade and the move to replace it with JCube Residence comes after CapitaLand Development (CLD) obtained provisional permission from Singapore’s Urban Redevelopment Authority.

JCube Residence will be a 40-storey residential and commercial development with commercial space on the first and second storeys. It is estimated that the residential units of the new development will cost around S$2,000 to S$2,100 per square foot (psf). 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). Eventually, JCube Residence will be linked to the upcoming Jurong East Integrated Transport Hub as well.

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. 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 also add 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. 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 closure of JCube marks the end of an era and make way for JCube Residence location. 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 is sad, the potential new launches including JCube Residence JCube Condo condo will help to alleviate pent-up demand for housing in Jurong. It is expected that the new JCube residential project will have an average selling price of S$2,100 psf and upwards, and will boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.