CapitaLand Development (Singapore) (CLD) has announced that JCube, its shopping mall in Jurong East, will cease operations on August 7, 2023. The mall will make way for a new residential and commercial development, which is expected to be completed in 2027.
The mixed-use development will feature residential units, commercial space, and other services, making it a vibrant addition to the Jurong East landscape. The residential component will consist of one to three-bedroom apartments, while the commercial space will include a variety of retail, dining, and entertainment offerings.
The project is expected to create around 1,100 jobs in the local community. This includes positions in the construction and retail sectors, as well as those in other service industries. The development is also expected to provide a boost to the local economy, by drawing in more visitors and businesses.
The project is set to be built on a 7.4 hectare site and will be built in two phases, with the first phase expected to be completed by 2025. The first phase will include the construction of the residential units, as well as the commercial space, which will include a two-storey retail mall, a cinema, and a supermarket.
The project will also include a landscaped public park and a public plaza, which is expected to become a popular gathering place for locals. The public plaza will be connected to the mall and cinema, providing a seamless experience for visitors.
The development will also feature a range of green features, such as green roofs and solar panels. These features are expected to reduce energy consumption and create a more sustainable environment.
CapitaLand is also working closely with the existing JCube tenants to ensure a smooth handover of the premises and to provide them with the necessary support. The developer has sent out notices and emails to the authorised representatives of JCube tenants, informing them of the redevelopment plans.
The mall is currently scheduled to close for good at 10pm on August 6, 2023. By then, CapitaLand hopes to have provided tenants with enough time to plan their future business ventures.
The project is expected to be completed in 2027, with the sales launch for the residential units likely to be held in the second half of 2023. This will provide an opportunity for those looking for a new home in the heart of Jurong East, as well as a chance for businesses to find a new home in the vibrant new development.
The project is set to be a major boost to the Jurong East area, giving it a much-needed injection of new life. With the residential units, commercial space, and green features, CapitaLand’s mixed-use development will bring a unique, vibrant atmosphere to the neighbourhood.
JCube Condo is set to become the newest addition to CapitaLand’s mixed-use development in Jurong East. Set to be located in the heart of the Jurong Lake District, the 40-storey residential tower will include a variety of commercial spaces on the first and second JCube Condo storeys. JCube mall, which was located in Jurong East Central, has been closed down to make way for the new residential building, which is targeted to be completed in 2027.
The new development will be conveniently connected to the Jurong East MRT interchange station, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the district. The Jurong East MRT interchange station currently serves both the East-West and North-South lines, and will be connected to the future Jurong Region Line, which is set to open in phases from 2027. Additionally, the development will be linked to the upcoming Jurong East Integrated Transport Hub, which will have an air-conditioned bus interchange, a public library, a community club and a sports centre.
The development is part of the government’s plans to bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District. When completed, the Jurong Lake District is set to become Singapore’s largest business district outside the central area, providing up to 100,000 new jobs and 20,000 new homes between 2040 and 2050.
JCube Condo is expected to be launched for sale in the second half of 2023. With its strategic location in the heart of the Jurong Lake District, the development is set to be popular among those looking for a convenient and comfortable home. The commercial spaces on the first and second storeys of the residential tower will feature a variety of retail, dining, leisure and entertainment options, making JCube Condo a great place to live, work and play.
The closure of JCube mall in August 2020 has, however, left some of its tenants in a difficult position. One such tenant is PastaGo, a pasta takeaway kiosk, which opened in JCube in May 2022. PastaGo’s co-founder, Mr Edwin Lim, said the company is hoping to find a suitable replacement in Jurong due to its ideal demographic and vibrant food and beverage scene. However, with the expected higher rental rates in other malls, such as Jurong Point, Jem and Westgate, this may not be possible. In the meantime, employees at PastaGo’s JCube outlet will be transferred to its new outlet at Hillion Mall in Bukit Panjang, which is slated to open in March.
The closure of JCube mall has also been a disappointment to local ice skaters, as the mall housed Singapore’s only Olympic-sized ice-skating rink. In response, Sport Singapore has said that they are working with the respective national sports associations for ice sports to plan for alternative facilities to support athletes’ short- and long-term training needs. Recreational figure skater, Willis Lau, 24, who has been skating at JCube since 2017, said he will likely go abroad for a year to continue his ice-skating practice. However, he did express his hope that a new rink will open soon for those who are not as lucky as him.
In conclusion, the upcoming JCube Condo promises to be a great addition to the Jurong Lake District, with its convenient location, variety of residential units and commercial spaces. While the closure of JCube mall has had a negative impact on some of its tenants, the development is set to create many new job and business opportunities for the local community.