See more information on JCube Redevelopment
JCUBE, a leisure and edutainment mall in Jurong East, will cease operations in early August as developer CapitaLand Development (CLD) works to convert the site into a 40-storey residential and commercial development.
On Tuesday (Feb 7), the development arm of CapitaLand Group announced that it obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site.
The residential development will have commercial space on the first and second storeys and is slated for completion in 2027. CLD expects to launch the new development for sale in the second half of 2023, said chief executive Tan Yew Chin in a press statement.
The new project will be connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD).
CLD said it is working closely with JCube’s tenants and providing them with the necessary support to ensure a smooth handover of the premises. The mall’s last day of operations is Aug 6.
The move will complement the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD.
In January last year, CapitaLand Integrated Commercial Trust’s manager said it would divest the leisure and edutainment mall for a consideration of S$340 million. JCube had a committed occupancy of 95.5 per cent as at Dec 31, 2021. Its net property income yield based on the sale price is less than 4 per cent.
JCube, located at 2 Jurong East Central 1, is across the road from Jurong East MRT interchange station and bus interchange.
There are a number of significant upcoming developments and transformations in the Jurong area, around the Jurong East MRT Station, read more about each development here: