CapitaLand Development also announced that JCube will cease operations from Aug 6 this year and is working with existing tenants to provide support during the handover process. (Picture: CapitaLand Development)
SINGAPORE (EDGEPROP) - CapitaLand Development, the development arm of real estate giant CapitaLand Group, has announced its plan to redevelop the JCube site in Jurong East into a 40-storey mixed-use development. This will contribute to the government’s redevelopment plans for the wider Jurong Lake District, CapitaLand says.
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CapitaLand Development also announced that the last day of JCube's operations is Aug 6, and the mall will cease operations from Aug 7. CapitaLand Development says it is working with existing tenants to provide support during the handover process.
In a press release on Feb 7, the developer shared that it has received provisional planning permission from the URA to redevelop the site into a residential development with commercial space on the first and second floors. (Find Singapore commercial properties with our commercial directory)
The new development will be directly connected to Jurong East MRT Interchange on the North-South and East-West Lines, and eventually the Jurong Regional Line from 2027 and Cross Island Line from 2030. A covered elevated pedestrian walkway will also connect the new development to the nearby Westgate and IMM Building.
Public transport connectivity will be further boosted when the project is eventually linked to the upcoming Jurong East Integrated Transport Hub, which will feature an air-conditioned bus interchange, a public library, a community club, and a sports centre, amongst other commercial spaces.
“Leveraging CapitaLand’s award-winning development capabilities, we are confident of maximising the excellent locational attributes of the site to create quality homes where residents can enjoy the privileges of living in a district where facilities for retail, entertainment, healthcare, education, sports and fitness are all within easy reach,” says Tan Yew Chin, CEO of CapitaLand Development (Singapore).
The sales launch of the residential component of the new mixed-use project is expected for 2H2023.
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