JCube Residence, a highly anticipated residential launch in the fast-growing Jurong Lake District (JLD), is set to become the latest addition to the area. Located at the former JCube site, the 40-storey development is expected to be one of the most sought-after residential projects due to its proximity to the upcoming Jurong East integrated transport hub and other amenities.
The residential launch of JCube Residence is part of the Singapore government’s plans to develop the JLD into a vibrant commercial and residential hub. The JLD is already home to some of the country’s largest malls, including Jurong East MRT interchange, Westgate and IMM Building, and the development of JCube Residence is set to add to the vibrancy of the area.
JCube Residence will be connected to the Jurong East integrated transport hub, which will include a bus interchange, public library, community club, sports centre and other amenities. The development will be linked to the J-Walk, a covered elevated pedestrian network in the JLD, and will eventually be connected to the upcoming Jurong East Integrated Transport Hub.
In terms of pricing, observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units. The number and size of the units have yet to be disclosed, but the development is expected to launch for sale in the second half of 2023.
JCube Residence is set to bring new homes, along with new businesses, recreational facilities and amenities to the JLD. This, coupled with the potential launches of other residential projects in the vicinity, such as the 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme, will help to alleviate pent-up demand for housing in Jurong.
The mega white site, which comprises three plots of land, will be sold to a master developer and will feature up to 375,000 square metres (sq m) in gross floor area (GFA) in the next five to 10 years. This includes 1,760 private homes, 150,000 sq m of office space, and 75,000 sq m of complementary uses such as for retail, hotel or community.
Property analysts expect the new JCube Residence to have an average selling price JCube Condo of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central region developments. This will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas near to JCube Residence.
In addition to its prime location, JCube Residence will also benefit from the other amenities and recreational facilities in the area. The development is located near to Singapore’s first and only Olympic-sized ice skating rink, while tenants such as Don Don Donki, Haidilao and Daiso will add to the vibrancy Luminar Grand of the area.
Desmond Sim, chief executive of Edmund Tie, believes that demand for affordable suburban housing will still be relevant, noting that “the perfect price will still garner interest”. This is especially true of JCube Residence, which is expected to be one of the most sought-after residential projects in the area due to its proximity to the upcoming Jurong East integrated transport hub and other amenities.
The redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome development for the region. Property analysts are expecting the new JCube Residence to have an average selling price of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central region developments. This, coupled with the other amenities and recreational facilities in the area, makes JCube Residence a highly sought-after residential project in the fast-growing Jurong Lake District.
JCube condo, a highly anticipated residential launch in the fast-growing Jurong Lake District, is set to take the Singapore real estate market by storm.
Located in the bustling Jurong East area, the 40-storey condominium is expected to be completed in 2027, providing residents with a prime spot to call home. It will also provide commercial space on the first and second storeys, further boosting the vibrancy of the area.
This project is part of the government’s plan to bring new homes, businesses, recreational facilities and amenities to the Jurong Lake District, which is in line with its vision of making Jurong East the second Central Business District in Singapore after Marina Bay.
JCube condo will be linked directly to the Jurong East MRT interchange station, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the district. This will make it more convenient for residents to get around. It will also be connected 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, among other commercial spaces.
The development will include a range of amenities and facilities aimed at providing residents with a comfortable and convenient lifestyle. This includes a swimming pool, a gym, a tennis court, a jogging track, and a children’s playground. It is also close to a range of shopping, dining, and leisure options, including the nearby JCube mall, which will close down in August to make way for the condominium.
This project is expected to be a major draw for those who are looking for an ideal place to live in Singapore’s fast-growing western region. Its strategic location and range of amenities make it a highly desirable residential option for homebuyers and investors alike.
In addition to the convenience, the condominium will also offer spectacular views of the city skyline and the nearby Jurong Lake. This is one of the key attractions of the area and will be a major draw for those who want to enjoy the best of urban living.
CapitaLand Development Singapore’s chief executive, Mr Tan Yew Chin, said the development is expected to be launched for sale in the second half of 2023. This means that potential buyers and investors have plenty of time to explore their options and make an informed decision.
With its strategic location, modern amenities, and attractive views, JCube condo is expected to be a major hit with buyers and investors alike. It will be a great addition to the Jurong Lake District and will help to further cement its reputation as one of the fastest-growing areas in Singapore.