New Launch Condo - CapitaLand Development redevelop the JDen area into a residential area.
New Launch Condo - The project is expected to open for sale in the second half of 2023
Singapore, February 7, 2023 – CapitaLand Development (CLD), the development arm of the CapitaLand Group, has received provisional permission from the Urban Redevelopment Authority to re-develop the JCube site into a residential area. 40-storey residential with commercial space on the first and second floors. Targeted for completion by 2027, it will complement the Government's plans to bring new homes - along with new businesses, recreational facilities and amenities - to Jurong Lake District (JLD). ) as it transforms into Singapore's largest commercial district outside the CBD.
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New Launch Condo - The new residential area developed by CLD will be directly connected to the Jurong East Metro interchange, Westgate and the IMM Building through J-Walk, the covered elevated pedestrian network in JLD. The interchange currently serves the East-West Line and the North-South Line, and will also serve the Jurong Regional Line in the future (opening in phases from 2027). Metro lines will provide residents of the new development with excellent connectivity to the rest of the island, including Central Business District, Changi Airport, Jurong Innovation Zone and Tuas Port. The residential development will be similarly linked to the upcoming Jurong East Integrated Transport Center, which includes an air-conditioned bus stop, public library, community club and fitness center sports and other commercial spaces.
The Land Parcel of JCube
According to the Government's plan, JLD is positioned as a place to develop and create a new business, living and entertainment environment in the midst of a unique lake setting, where the excitement and attraction of the Central Business District is emphasized. interwoven with trees and water. JLD is expected to provide 100,000 new jobs and 20,000 new homes between 2040 and 2050, adding to the 1 million residents currently living in the western region of Singapore.
In addition to the New Launch Condo developed by CLD, CapitaLand's other properties in the JLD are the Westgate Building and the IMM owned by the CapitaLand Integrated Commercial Trust; 27 International Business Park, 31 International Business Park, Acer Building, Techquest and Nordic European Center owned by CapitaLand Ascendas REIT; and ICON@IBP are owned by CapitaLand Investment, the listed global real estate investment management arm of the CapitaLand Group.
CLD currently has three other residential projects under development in Singapore. These are Sengkang Grand Residences, which have already sold out, as well as CanningHill Piers and One Pearl Bank, both of which have sold more than 90%.
According to the residential development plan, JCube will cease operations from August 7, 2023. CLD is working closely with the tenants and providing them with the necessary support to ensure the handover of the premises takes place.
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