CapitaLand Development, the development division of the real property huge CapitaLand Group, has announced its plans to transform Jurong East’s JCube site in Jurong East into a 40-storey mixed-use development. It will also contribute to the government’s plans to redevelop the entire Jurong Lake District, CapitaLand states.
Marina View Residences floor plan enjoys a maximum GFA of 1.09 million sq. ft. It is expected to house 905 private residential units, at least 548,959 sq ft and 540 hotel units in 279,861 sq ft.
CapitaLand Development also announced that JCube’s last day of operations will be Aug 6 and the mall will stop operations starting on Aug 7. CapitaLand Development says it is working with the existing tenants to assist during the transition.
In a press release issued on February 7 The developer disclosed that it had obtained a provisional planning permit by the URA to transform the site into a housing development with commercial spaces on the second and first floors.
The development will be connected directly to the Jurong East MRT Interchange which runs along both the North-South as well as the East-West Lines, and eventually the Jurong Regional Line from 2027 and the Cross Island Line from 2030. A pedestrian walkway that is elevated and covered will also connect the development to the adjacent Westgate along with the nearby Westgate IMM Building.
Connectivity to public transport will be enhanced when the project is connected to the forthcoming Jurong East Integrated Transport Hub that will include an air-conditioned bus interchange an open library, a community center and a sports center in addition to other commercial areas.
“Leveraging CapitaLand’s renowned development capabilities we are confident in making the most of the great locational qualities that are present on the site to develop homes of high quality that allow residents to have the pleasure of living in a neighborhood that has facilities for shopping entertainment, entertainment, healthcare fitness, education and sports are all within reach,” says Tan Yew Chin the Chief Executive Officer of CapitaLand Development (Singapore).
The first sales of the residential portion of the project is anticipated to take place in 2H2023.