JCube Condo, a 40-storey residential and commercial development that is set to transform Singapore’s Jurong East area, is sure to excite potential residents and investors. The new development, which is slated for completion in 2027, is expected to have a S$2,000 to S$2,100 per square foot (psf) price tag for its residential units. It will also have commercial space on the first and second storeys, creating an attractive proposition for buyers who are looking for an investment property.
The JCube Condo development is the result of CapitaLand Group’s development arm, CapitaLand Development (CLD), obtaining provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site. Located in the Jurong East region, the development will replace the existing JCUBE leisure and edutainment complex which is set to close in August 2021.
The new JCube Condo development will have many advantages over other developments in the area. First, it 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. This will provide convenient access to the many amenities and recreational facilities located in the area.
Second, JCube Condo is located near the 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme. This site comprises three plots of land and will be sold to a master developer who will build up to 375,000 square metres (sq m) in gross floor area (GFA), including 1,760 private homes, 150,000 sq m of office JCube Condo space, and 75,000 sq m of complementary uses such as for retail, hotel, or community.
Third, JCube Condo will be located near the current JCube facility, which is home to major tenants like Don Don Donki, Haidilao, and Daiso. It also features Singapore’s first and only Olympic-sized ice skating rink, making it an attractive destination for residents and tourists alike.
Fourth, the redevelopment of JCube for JCube Condo will complement the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities, and amenities to the JLD. This will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years.
Finally, JCube Condo is expected 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 sure to attract buyers looking for affordability in the area.
The potential launch of JCube Condo, along with other potential launches in the area, will likely boost home prices in the resale market and have a spillover effect on the Bukit Batok and Clementi areas. 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 Condo is set to be a major attraction in the Jurong East area. Its convenient location, modern amenities, and attractive pricing will make it an attractive option for buyers who are looking for a prime location. The new development is sure to transform the area and create a vibrant and attractive community.
JCube Condo is set to bring a whole new level of luxury to the Jurong East area of Singapore. As part of an ambitious 40-storey residential development project, the condo will be one of the most luxurious in the region, and is set to provide a prime location for buyers.
This new 40-storey development is the latest in a string of projects that have been announced in the Jurong East area. The project will replace the existing JCube mall, which will be closing down on 6th August. The new development will feature residential space on the upper stories, with commercial space on the first and second storeys. The development is expected to be completed in 2027 and will offer a range of amenities and facilities, such as a library, community club and sports centre.
The development is part of a larger government plan to bring new homes, businesses and recreational facilities to the Jurong Lake District. The new residential building will be directly linked to the Jurong East MRT interchange station, Westgate and IMM Building via the covered elevated pedestrian network known as J-Walk.
The development will also be linked to the upcoming Jurong East Integrated Transport Hub, which will include an air-conditioned bus interchange, a public library, a community club and a sports centre, among other commercial spaces.
The Jurong Lake District development is expected to be Singapore’s largest business district outside the central area. It is estimated to create around 100,000 new jobs and 20,000 new homes between 2040 and 2050, adding to the one million residents already living in Singapore’s west region.
The new condo is expected to be launched for sale in the second half of 2023. The move is expected to attract a great deal of interest from buyers, as the project offers a prime location, with easy access to public transport, as well as a range of amenities and facilities.
The closure of the existing JCube mall is a great loss for the ice-skating community in Singapore, as it was home to the only Olympic-sized ice-skating rink in the country. As a result, Sport Singapore is working with the respective national sports associations for ice sports to ensure that alternative facilities are available to support the athletes’ short- and long-term training needs.
Recreational figure skater Willis Lau, 24, said that the closure of the ice rink is a huge shame, as it means that many skaters have lost their key practice venue. He added that he hopes a replacement rink will open soon, but for now, his ice-skating plans remain uncertain.
Overall, the new JCube Condo development is sure to be a hit with buyers, offering a prime location and a range of amenities and facilities. The project is sure to be a great asset to the Jurong East area, and is sure to bring many benefits to the local community.