Jurong East Mall to Give Way to New Condo by Capitland
With e-commerce riding high in Singapore, the developer wants to expand its JCube property into a much larger space. While this could lead to a shortage of retail space, the developer is also looking to build residential units in Jurong East. At present, the number of HDB flats in Jurong East has reached the minimum occupation period, with another 970 due in the next two years.
Jurong East Mall to be transformed into a commercial hub
Jurong East Mall, also known as the JCube, is set to undergo a major transformation. The mall is being turned into a mixed-use residential and commercial hub, which is expected to enhance connectivity in the area and boost residential property demand. The new mall will also have an Olympic-sized ice rink, which is the first of its kind in Singapore.
The Jurong East area has become one of the prime property hotspots in Singapore, and a major transformation is underway. The Jurong Gateway district will boast premium office towers, shopping malls, hotels, and other business and entertainment facilities. In addition, the Lakeside precinct will receive a boost with a plethora of amenities, which will provide a more enjoyable lifestyle for locals.
Westgate Jurong Shopping Mall
A new condo development is on its way to Jurong. Developer MCL Land will build a 600-unit private condo at Jurong Gateway, a district that is slated to be the home of the Westgate shopping mall. MCL beat out 11 other developers for the site. The development is expected to launch in 1H2013.
In the surrounding area, there are several retail developments currently in the works. The JCube, a $200 million redevelopment of the former Jurong Entertainment Centre, is one of them. Another project is the $30 million repositioning of the IMM Building, a former factory outlet mall. Together, these projects will create more than one million square feet of retail space within the Jurong Gateway precinct.
International Merchandising Mart Mall at Jurong
The International Merchandising Mart Mall is an outlet shopping centre in Jurong East, Singapore. It has five floors and 961,281 square feet of retail space. It is a great place to go shopping for designer fashions, homewares, and more.
The International Merchandising Mart is one of the largest shopping malls in Singapore. It is open from 10am to 10pm daily and is home to 245 shops. The shopping mall is owned by the CapitaLand Mall Trust. It opened in 1991.
Jem Shopping Mall at Jurong
Jem Shopping Mall, located near Jurong East MRT Station, is about to get a new tenant: Jem Park. The new retail space is expected to open late next year. It will be located on Level 5, next to the Cookhouse food court. According to Chris Brown, the Development Director at JEM, the development is an unusual one and will offer residents an urban retail experience in a suburban setting. It will also feature many major international and local food chains.
Currently, the supply of retail space in Jurong has almost doubled from the second quarter last year. As of June 2012, there were 1.2 million square feet of retail space in Jurong, including the JCube and IMM Building. This is expected to grow another 35 per cent by the end of the year. In addition, Capitaland is building a new mall called Westgate, with net lettable area of 416,000 square feet.
Capitaland Jurong East Central Condo
Capitaland Jurong East Central Condo is a brand new high-rise development in the Jurong East District of Singapore. It offers spectacular city views, a prime location, and many amenities. Just a short stroll away is the JCube Shopping Centre, Singapore’s first Olympic-size ice rink, and a brand new IMAX cinema.
The site of this project is convenient to public transportation, including a bus interchange and the Jurong East MRT station. The project is expected to be complete by 2022. The project features fully furnished units, a mini concert hall, and a Chinese language school. Moreover, the project is close to two major business districts.