New Mix Development by Capitaland and the Former JCube
The JCube plot is slated for redevelopment, with the Urban Redevelopment Authority (URA) proposing a mix of residential and commercial spaces on the first floor. The plot was formerly the Jurong East Entertainment Centre, a renowned cinema that closed in 2009-10.
Jurong East Central Condo
The New Mix Development by Capitaland is a mixed-use development that combines luxury residential and commercial properties in the heart of Jurong East, Singapore. The development has several retail outlets, restaurants, and a cinema complex. It is located on the site of the former Jurong Entertainment Centre. The project is complete with an Olympic-size ice rink and an IMAX theatre.
The Jurong East Central Condo is an upcoming mixed-use development near the Jurong East MRT station. It will feature one, two, and four-bedroom units. The development is close to Jurong Lake Park, Jurong Town Plaza, and Westgate shopping malls. It is also close to several amenities, including Jurong Country Park, Jurong Lake Park, and Jurong Country Park.
The site is currently used for the JCube shopping centre. It is a five-storey complex with three basement floors and a rooftop garden. Its net lettable area is around 210,038 square feet. The new development will be built by CapitaLand Development, which bought the JCube mall from CapitaLand Integrated Commercial Trust. The new development will be bigger than the existing mall. It would have a plot ratio of 4.2, while the current JCube has a plot ratio of 3.0.
When looking for a new condo, it is important to consider the location, cost, and payment schemes. The new development is located in the Tengah town area, and will feature 375 units spread across 37,348 square meters. It is close to major shopping malls and the Pan Island Expressway, making it convenient to travel to work or play.
The developer of the JCube Shopping Centre has decided to convert it into a residential project, citing the tough competition from other shopping centres and the high demand for new residential units in Jurong. The developer is also planning to create a new retail complex within the building and incorporate a brewery concept. It is estimated that the conversion of the former JCube is expected to take place in the first quarter of 2022.
A recent auction for the second white site near JEM revealed that CapitaLand had the highest bid of $969 million. This was one of the highest bids outside the CBD in the past year. The project will feature a 416,000 square feet shopping mall and 20-storey office tower. The company is planning to relocate its head office to Jurong in end-2014, and will take up half of the office tower.
Three major real estate giants are joining forces to redevelop Liang Court. This mixed-use development will completely transform the area from a commercial area to a residential neighborhood. The project will include commercial spaces, residential units and a hotel. The developer hopes to attract younger shoppers.
The redevelopment of Liang Court will include a hotel building and serviced apartments. City Developments Limited is developing the hotel portion, while CapitaLand and Ascott Residence Trust are constructing the serviced apartments. The combined property will have a GFA of 100,263 square meters. It is scheduled to open in phases beginning in 2024.
Canninghill Piers is located near Clarke Quay and is well connected to major roads and highways. Residents will also have easy access to the shopping district at Paterson Road and River Valley Road. The area is also known for its many amenities. Whether you’re looking for a new home, a new office, or a great place to live, Canninghill Court will have it.
The former JCube, which is owned by CapitaLand, will be redeveloped in a mixed-use development. The project will include residential and commercial spaces, with commercial spaces on the first storey. While the masterplan states that this development will be primarily residential, it will still feature some commercial spaces.
Canninghill Piers will be a mixed-use development that will include two residential towers, a shopping mall, a hotel. There will be six96 units in the Canninghill Piers development. The project is set to launch in Q2 2021, and Ascott is the developer.
Capitaland Former JCube mall
Capitaland Limited is considering converting the former JCube shopping mall into a residential building. The redevelopment of the site could be a great opportunity for the developer. Its sale is expected to yield S$340m, a 22 percent premium over the mall’s current valuation. It would also provide the developer with the capital to fund future acquisitions.
The development will consist of a residential component on the ground floor, and a commercial component on the first level. The new mix development is expected to yield upwards of $2,000 a sq ft. The proposed project is located near Jurong East MRT interchange station, Jurong Country Park, Jurong Lake Park, and Jurong East Primary School. The new mix development is expected to be completed in about two years.
The JCube Shopping Centre is being redeveloped as a mixed-use development, with a residential component. The existing JCube Shopping Centre has five storeys and three basement levels. It also has a roof garden. It has a total net lettable area of 210,038 sq ft.
There is a huge demand for private property in Jurong East. The project is also located near the Westgate MRT station, which is ideal for private investors. This project is set to have 738 units, and will also feature a World Class Science Centre and a waterfront park.
JCube is located in Jurong East, Singapore and is open from 10am to 10pm. Besides offering a wide range of retail options, it features an Olympic-size ice rink and an IMAX cinema. JCube is also home to Singapore’s first ice skating rink and a 460-seat gallery.
Redevelopment of JCube shopping centre
CLD, the owner of the JCube shopping centre, has proposed redeveloping the mall as a residential complex. This move comes amid fierce competition among nearby shopping malls and strong demand for residential units in the area. The project is expected to be a mixed-use development, incorporating a brewery concept. It is also expected to have a higher plot-to-floor ratio than the current JCube.
The mall is located on land that was rezoned and is Lumina Grand EC facing competition from other malls in the area, and a strong demand for housing units. However, despite this, the mall’s rental rates have rebounded and it has continued to operate as usual, with tenants moving into new rental spaces.
CLD is exploring options for the redevelopment of JCube, and while no plans have been formally announced, the URA’s publication of a proposed masterplan amendment is a sign that the developers are considering the project. The proposed development will include primarily residential space, with commercial spaces positioned on the upper storeys.
JCube’s lease expires in 2023. It is unclear whether redevelopment will be completed in the next few years. Despite the positive outlook for the neighbourhood, the future of the centre is still uncertain. For its residents, the redevelopment of the shopping centre will mean the loss of a popular place for recreation.
Located 200m from the Jurong East MRT station, JCube has been struggling for footfall for a decade. However, the company is attempting to change this with a new masterplan that focuses on a mixed-use residential and commercial space. This will significantly increase the plot ratio in the area, from 3.0 to 4.2.