The Jurong East area of Singapore is set to undergo a major transformation with news of the impending closure of JCube Mall. The mall, which is owned and operated by CapitaLand Development (CLD), will close its doors on August 7, 2023, in order to make way for a new mixed-use development named JCube Residence.
The redevelopment of JCube Mall is part of CapitaLand’s larger strategy to transform Singapore’s western region, which includes the neighbouring areas of Jurong East and Jurong West. The new mixed-use development will offer a range of residential, commercial and retail space. According to the developer, it is targeted for completion in 2027.
The new mixed-use development will be located within a short distance from the Jurong East MRT Station, making it easily accessible to other parts of Singapore. JCube Residence will feature a mix of residential units, including condominiums and serviced apartments, as well as commercial and retail space.
The residential units will range in size from one-bedroom to three-bedroom apartments, offering ample space to accommodate different lifestyles. The development will also include a shopping mall, with a variety of stores, restaurants and entertainment options.
The new development will also feature a range of amenities, including a swimming pool, gym, and a variety of green spaces. In addition, the development will also be equipped with modern security systems, ensuring the safety of the residents.
The news of the closure of JCube Mall has come as a surprise to many of the tenants, who were unaware of the impending closure until news of the redevelopment was announced. However, the majority of the tenants have welcomed the news, as it will give them the opportunity to move to a more modern and vibrant location.
The mall’s management team has been working closely with the existing tenants to provide them with the necessary support to ensure a smooth transition. The developer has also stated that it will be offering tenants a six-month advance notice to give them time to plan their future operations.
The redevelopment of JCube Mall is an important milestone in the transformation of the Jurong East area. The new development will create jobs and provide an attractive destination for people to live, work, and play. It will also be a major boost to the local economy, as it will bring in a new wave of investment and create new JCube Condo opportunities for businesses.
The redevelopment of JCube Mall is part of CapitaLand’s larger plan to transform Singapore’s western region. The developer has already made significant investments in the area, such as the construction of the nearby Westgate Mall, and is currently in the process of developing a new lifestyle destination called Westgate Tower.
The closure of JCube Mall is expected to be a bittersweet moment for many of its tenants, who have been part of the mall for many years. However, the redevelopment of the mall is an exciting opportunity for the local community, providing a modern mixed-use development that will be able to cater to a variety of needs.
Singapore’s Jurong East is set to get a new mixed-use development, with the closure of JCube Mall to make way for JCube Residence. The 40-storey residential development is being developed by CapitaLand Development and is expected to be completed in 2027.
The mall, which is located in Jurong East Central, will close down on Aug 6 to make way for the new residential building. Upon completion, it will provide new homes, businesses and recreational facilities and amenities to the Jurong Lake District. The development will also be linked directly to the Jurong East MRT interchange station, Westgate and IMM Building via J-Walk, which is a covered elevated pedestrian network in the district.
The new residential development is expected to be launched for sale in the second half of 2023. It will be part of the government’s plan to bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District. The development is expected to become Singapore’s largest business district outside the central area. It is slated to provide about 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.
JCube is home to Singapore’s only Olympic-size ice-skating rink and is a training venue for national athletes from the Singapore Ice Skating Association and the Singapore Ice Hockey Association. The only other ice rink is located at Leisure Park Kallang. With the closure of JCube, many skaters are left without a key practice venue. The Sport Singapore is working with the respective national sports associations for ice sports on plans for alternative facilities to support athletes’ short- and long-term training needs.
Many tenants of JCube are now looking for suitable replacements Marina Gardens Condo in Jurong. PastaGo, a JCube tenant, is looking for a suitable replacement in Jurong because of its ideal demographic and vibrant food and beverage scene. The company is hoping to find a replacement at malls such as Jurong Point, Jem and Westgate, but is expecting rental to be much higher.
In response to the closure of JCube, CapitaLand said it is working closely with the tenants and providing the necessary support to ensure a smooth handover of the premises. The company also said that it will be offering assistance to the tenants to help them in their search for new premises.
The new development is expected to contribute significantly to the Jurong Lake District, with its planned commercial space on the first and second storeys, as well as 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 new development will also provide a much-needed boost to the local economy, providing new jobs, homes and recreation facilities. It is expected to further improve the reputation of Jurong East as a vibrant business and residential hub.
With the closure of JCube Mall, it is clear that the area is undergoing a transformation. The new development is sure to bring a new energy to the area, with its modern facilities and amenities. It will be exciting to see how the development of JCube Residence will benefit the local community.