The Future of Jurong East Central Condo by CapitalAnd Former JCube
The Jurong Lake District in Singapore is a desirable location to purchase a condominium unit. Located near Jurong Gateway and the International Business Park, this district is home to a variety of shops, restaurants, and entertainment venues. In addition to its retail offerings, it is also home to Singapore’s first Olympic-size ice rink.
Jurong Lake District
The development arm of CapitaLand has acquired the former JCube mall in Jurong, near the Jurong Lake District. The company plans to use the land for mixed-use developments, with a mix of residential and commercial spaces on the first floor. The purchase is expected to be completed by 1Q 2022.
Although the project has been on the drawing board for over 20 years, it has only recently begun to take shape. The first Concept Plan was released back in 1991, and the next Master Plan followed in 2008. Here’s a closer look at the transformation of the previously boring Jurong into a modern and stylish residential community.
Jurong East Condo will consist of two major parts: the Gateway and Lakeside areas. The Gateway area will be the commercial hub, encompassing approximately 70 ha, while the Lakeside area will cover about 290 ha. Both areas will contain offices and other commercial establishments.
International Business Park
The Jurong East area is quickly becoming similar to other property hotspots in Singapore. The URA’s 2008 Master Plan aims to turn this area into a business district, complete with premium office towers, shopping malls and hotels. It will also infuse the Jurong Lakeside precinct with leisure and entertainment facilities.
According to the Urban Redevelopment Authority (URA), the JCube mall is slated to be replaced by a mixed-use development. The proposed plan states that the 7,771.2-sq-metre site of the JCube mall may be changed from commercial to residential use.
The Jurong area also has several large malls that rival Orchard. In addition, Jurong’s Jurong East MRT station is nearby. This location makes it convenient to get to major shopping areas and entertainment centers.
International Business Park at Jurong Gateway
The International Business Park (IBP) at Jurong Gateway Condo by Capitaland Former is home to major international and local corporations. Its infrastructure is constantly evolving and meeting the demands of the modern businessman. From advanced manufacturing to cutting-edge technology, the IBP is the perfect place for businesspeople to thrive.
Located at Jurong East, Jurong East Condo development is close to the Jurong East MRT station, the Jcube, and the JEM. It is also convenient to the numerous retail shops and F&B outlets at the Jurong East Regional Centre. The project also features a childcare centre, food court, and auditorium facilities.
The International Business Park at Jurong Gateway is set to be Singapore’s biggest regional business district outside of the downtown area. This development will draw more businesses and jobs to the western part of Singapore. The project’s development was boosted by a decision to build a Kuala Lumpur-Singapore High-Speed Rail terminus in Jurong East. However, that project was temporarily halted in October last year. Currently, the International Business Park is being marketed by real estate consultancy JLL.
Price of Jurong East Central Condo by Capitaland Former JCube
The Price of Jurong East Central Condo by CapitalAnd Former JCube is quite affordable for a high-end condo. The development is set on the site of the former Jurong Entertainment Centre and is open from 10 am to 10 pm. Among other things, it has Singapore’s first Olympic-size ice rink and the first IMAX theatre in the suburbs.
The development is near Jurong East MRT station and is close to four malls. It is also close to Kallang Ice World, a competitive ice rink with gallery-style spectator seating. It is expected to launch in 1H2013.
Future of Jurong East Central Condo by Capitaland Former JCube
The Future of Jurong East Central Condo by Capitalland is a new mixed-use development that will be the tallest in Singapore. Located in Jurong East, it will have the best of both worlds – an upscale shopping mall with a world-class ice rink and an IMAX theatre. It is set to open in 2018 and will include more than 250 shops, restaurants, and other facilities.
Jurong East Condo team of CapitaLand Group plans to acquire JCube, the former home of a retail complex. The company plans to develop the site for another mixed-use development. The sale and purchase agreement is expected to be finalized by 1Q 2022.