The upcoming launch of JCube Residence, located in the Jurong East region of Singapore, is expected to boost home prices in the resale market. The move comes after CapitaLand Development (CLD), the development arm of CapitaLand Group, obtained provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site, it announced on Tuesday (Feb 7).
Observers are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for residential units of the new development, which will have commercial space on the first and second storeys. It is slated for completion in 2027. JCube Residence 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). Eventually, JCube Residence will be linked to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre, among other amenities …