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CapitaLand to replace JCube with a 40-storey residential development

(Source: CapitaLand)

CapitaLand Development is set to close the shopping mall JCube in Singapore’s Jurong Lake District this year to redevelop the site into residential development. 

The shopping mall will cease operations on August 7. The development arm of CapitaLand Group said it is working closely with the tenants and providing them with the necessary support to ensure a seamless handover of the premises.  

Operating for more than a decade, the JCube building comprises five retail floors, two parking levels and a rooftop. Its tenants include Don Don Donki, Mos Burger, Owndays and Watsons. JCube is also home to Singapore’s first Olympic-size ice rink.

The new project is expected to complete in 2027 with commercial space on the first and second levels. The building will directly connect to the Jurong East MRT interchange station, Westgate and IMM Building via J-Walk.

“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,” said Tan Yew Chin, CEO of CapitaLand Development Singapore.

“The development is expected to launch for sale in the second half of this year.”

CapitaLand Development bought the JCube shopping centre last year from subsidiary CapitaLand Integrated Commercial Trust for US$253 million.

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