Singapore mall JCube, located in Jurong East Central, will close down in early August, with the shopping centre being replaced by a 40-storey residential development that will include commercial space on the first and second storeys, according to parent CapitaLand Development, the development arm of CapitaLand Group.
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The new residential building, scheduled to be done in 2027, will complement the Singapore government’s plans to bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District (JLD), CapitaLand Development said on Tuesday, adding it is working closely with current tenants and providing support to ensure a smooth handover of the premises.
The mall will shut down from August 7.
The new residential development will 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 interchange station currently serves the East-West Line and North-South Line, and will also serve the future Jurong Region Line, which is opening in phases from 2027.
The MRT lines will provide residents of the new development with connectivity to the rest of the island, including the Central Business District, Changi Airport, Jurong Innovation District and Tuas Port. The residential development will be similarly linked to 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 amongst other commercial spaces, the statement added.
“JLD is fast taking shape as Singapore’s model for smart and sustainable living. We are pleased to build on CapitaLand’s extensive presence in the area to contribute our real estate expertise to create yet another exceptional development that supports JLD’s transformation,” Tan Yew Chin, CEO of CLD Singapore, whose company acquired JCube from CapitaLand Integrated Commercial Trust (CICT) for SGD 340 million (USD 253 million), in January.
“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 could enjoy the privileges of living in a district where facilities for retail, entertainment, healthcare, education, sports and fitness are all within easy reach. The development is expected to launch for sale in 2H 2023.”