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 and investors looking for quality suburban housing in Singapore. Property analysts have noted that demand for residential housing in Jurong has been on the rise due to the lack of new condo launches in recent years. They expect the new JCube Residence to have an average selling price of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central region developments.
The potential new launches in the area, including the JCube Residence, will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas near to JCube Residence. Desmond Sim, chief executive of Edmund Tie, believes that demand for affordable suburban housing will still be relevant, noting that “the perfect price will still garner interest”.
Overall, the JCube Residence is expected to be a popular destination for those looking for quality suburban housing in Singapore. With its close proximity to amenities and recreational facilities, the development is set to be a highly sought-after residential option in the region.
Observers are predicting a high price tag for the upcoming JCube Residence condo development in Jurong East, Singapore. 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 JCube Residence residential units of the new development, which will have commercial space on the first and second storeys. This figure is higher than the market average in the area, and higher than the average for Singapore as a whole.
The expected high price tag for JCube Residence reflects the advantages of its location. The new 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, 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 near to JCube Residence.
The potential launches including JCube Residence condo will help to alleviate pent-up demand for housing in Jurong, given the lack of new condo launches in recent years, noted property analysts. On top of major tenants like Don Don Donki, Haidilao and Daiso, JCube Residence is also home to Singapore’s first and only Olympic-sized ice skating rink. These features, along with its convenient location, makes JCube Residence an attractive option for those looking to invest in property in the area.
Overall, the redevelopment of JCube for JCube Residence, along with the other potential launches in the area, come as a welcome JCube Condo development for the region. With the expected high price tag for the condo, the project is set to attract buyers looking for a luxurious lifestyle in a convenient location.