JCube’s redevelopment to feature 40-storey apartments, shopping mall
In order to make room for a new residential building that will feature commercial space on the first and second floors, the shopping mall JCube in Jurong East will cease operations as of August 7.
The real estate arm of the massive CapitaLand Group, CapitaLand Development, has unveiled plans to transform the JCube property in Jurong East into a 40-story mixed-use complex.
CapitaLand claims this will aid in the government’s attempts to revitalise the greater Jurong Lake District.
CapitaLand Development also revealed that August 6, 2023, will be the last day of business for JCube, with the mall closing permanently on August 7, 2023.
The developer has assured current tenants of JCube that it will be there for them throughout the handover process.
The developer announced in a news release on February 7 that it had been granted provisional planning clearance by the URA to convert the land into a mixed-use residential and commercial building.
The East-West and North-South Lines, and later the Jurong Regional Line from 2027 and the Cross Island Line from 2030, will all run straight through the new construction at Jurong East MRT Interchange.
The new mixed residential and commercial development will be linked to the neighbouring Westgate mall and IMM Building through a covered elevated walkway.
When the project is finally connected to the forthcoming Jurong East Integrated Transport Hub, which will house an air-conditioned bus interchange, public library, community club, and sports centre, among other commercial spaces, public transportation connectivity will be substantially improved.
CapitaLand has said to be confident that by making the most of the site’s excellent locational attributes.
The firm will be able to build quality homes in which residents can take advantage of the district’s convenient proximity to a wide variety of retail, entertainment, healthcare, educational, sporting, and recreational options.
According to CapitaLand Development, the Jurong Lake District will add to the 1 million people presently residing in Singapore’s western region by providing 100,000 new jobs and 20,000 new residences between 2040 and 2050, in accordance with the Government’s ambitions to develop more homes and companies.
CapitaLand is no stranger to developing mega-mixed-use projects in Singapore. Some of the most recent ones include Sengkang Grand and Canninghill Piers.
The new launch in Jurong East is scheduled to begin selling units in the second half of 2023, with a completion date of 2027.