SINGAPORE — Jurong East shopping mall JCube will cease operations from Aug 7, to make way for a new residential development that will include commercial space on the first and second storeys.
CapitaLand Development said in a statement on Tuesday it obtained the Urban Redevelopment Authority's provisional permission to redevelop the existing JCube site into a 40-storey apartment block with an expected sales launch in the second half of 2023.
CLD CEO Mr Tan Yew Chin said:"JLD is fast taking shape as Singapore's model for smart and sustainable living. We are pleased to build on CapitaLand's extensive presence in the area to contribute our real estate expertise to create yet another exceptional development that supports JLD's transformation."
CLD added it will also be linked to the upcoming Jurong East Integrated Transport Hub, comprising an air-conditioned bus interchange, a public library, a community club, and a sports centre among other commercial spaces.In line with the Government's plans to create more homes and businesses, CLD said the JLD is expected to provide 100,000 new jobs and 20,000 new homes by 2040 to 2050, adding to 1 million residents already living in the western part of Singapore.
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