Observers Predict High Price Tag for JCUBE Condo Residence in Singapore
Observers are predicting a high price tag for the upcoming JCUBE Condo Residence in Singapore. The 40-storey residential and commercial development is set to replace the existing JCUBE leisure and edutainment centre in the Jurong East region of Singapore. With the provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site, CapitaLand Development (CLD), the development arm of CapitaLand Group, has estimated a S$2,000 to S$2,100 per square foot (psf) price tag for JCube Residence residential units.
The new JCube Residence development 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, it 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.
The high price tag of the new development is likely to attract homebuyers …
