With the announcement of the closing of JCUBE in Jurong East, Singapore to make way for the upcoming JCube Residence, the real estate market in the area is set to be greatly impacted. The potential new launches, together with JCube Residence, will help to alleviate pent-up demand for housing in the Jurong Lake District (JLD), given the lack of new condo launches in recent years.
Experts are expecting the new JCube Residence to have an average selling price of S$2,100 psf and upwards, which is aligned with recent launch prices of other developments outside of central Singapore. This is likely to have a spillover effect on the Bukit Batok and Clementi areas, boosting home prices in the resale market.
The new JCube Residence development will be connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network. It will eventually be linked to the …
