With the growth of Jurong as the largest mixed-use business district outside the city centre, it is no surprise that demand for housing in this area has increased. JCube is one of the newest residential developments in the district and has been met with much anticipation.
JCube is a 99-year leasehold condo development located at Jurong East Street 24. It comprises of two separate towers, each with 21 storeys, that house 495 units of two-bedroom to four-bedroom apartments. It is designed with energy efficiency and sustainability in mind, with features such as the integrated smart lighting systems, solar panels and energy-efficient air conditioning. It also offers residents a range of amenities and services, such as a swimming pool, a gym, tennis courts, a clubhouse, a playground and a multi-purpose hall.
In addition to JCube, there are other potential residential launches in the pipeline. These potential launches are set to meet the growing demand for housing in Jurong. For example, the Lakeville Residence, located at Jurong West Street 42, is a freehold condominium development that consists of two towers of 42 storeys each and offers 749 units of two-bedroom to four-bedroom apartments. The development also includes a 50-metre lap pool, a gym, a clubhouse, a playground and a multi-purpose hall for residents to enjoy.
With its close proximity to the Jurong East MRT station, JCube and other potential launches are set to meet the increased demand for housing in the district. Moreover, these developments offer a range of amenities and features to provide residents with a comfortable and convenient living environment. As such, these launches are expected to be well-received by the public and will be an attractive option for those looking to invest in the district.
Jurong East is set to welcome a new residential development with the impending closure of JCube mall. Billed as a “luxury condominium”, the new development is planned to be completed by 2027 and will be a welcome addition to the area. With the influx of new people coming to the region, the increased demand for housing is expected to be met by a number of other potential launches in the area.
The new condominium is being developed by CapitaLand Development (Singapore) (CLD) and is set to include commercial space on the first and second storeys. The sales launch is expected to be in the second half of 2023 and the development is hoped to meet the pent-up demand for housing in the region.
The impending closure of JCube has already sent a ripple effect throughout the area and has caught some tenants by surprise. The management at CLD has been in communication with tenants, sending notices via registered mail and emails before the news was made public. The mall closure is expected to be smooth, with the tenants receiving the necessary support from CLD.
In addition to the new JCube condominium, JCube Condo other potential launches in the area are being considered to meet the pent-up demand for housing. There is a proposal to construct a new executive condominium (EC) in the area, which is expected to have 740 units when completed. Another potential launch is a residential project with 1,079 units, which has already been approved by the Urban Redevelopment Authority (URA).
The surplus of housing projects planned in the area is set to benefit potential buyers, with a wide range of options available to suit their needs. The influx of new people coming to the area is also expected to boost the local economy by providing more job opportunities in the retail and hospitality sectors.
All in all, the closure of JCube mall is set to bring a new wave of development to the area. The new JCube condominium, as well as other potential launches, are expected to meet the pent-up demand for housing and will benefit potential buyers with a wide range of options. With the influx of new people coming to the area, the local economy is also expected to be boosted by providing more job opportunities.