Jurong East Central Condo Capitaland
If you’re in the market to purchase a new home, consider investing in Jurong East Central Condos. The project is located in the former Jurong Entertainment Centre and will feature a new entertainment complex, the JCube, in Jurong East. It will feature an IMAX theatre and the first Olympic-sized ice rink in the suburbs.
The JCube Shopping Center is one of the premier malls in Singapore. Open from 10 am to 10 pm, the JCube features a wide range of stores, restaurants, and entertainment venues. It is also home to Singapore’s first Olympic-size ice rink and the country’s first IMAX theatre in the suburbs. The complex was constructed on the site of the former Jurong Entertainment Centre.
A recent announcement by the Urban Redevelopment Authority (URA) confirmed that CLD has begun exploring options to redevelop the JCube shopping mall. Although no plan has been finalised yet, the URA publication of a proposed masterplan amendment suggests that the developer has received in-principle approval from the authorities. The JCube is located only 200 meters from the Jurong East MRT station. The property development is set to feature residential units and retail spaces.
The area is also well-served for healthcare facilities. The Jurong General Hospital is nearby. Other amenities include Jurong Gateway. The redeveloped Jurong Lake District will be a major transport hub and a business destination. The development will provide a new source of employment and income for the residents of Jurong East.
CapitaLand’s acquisition of the JCube shopping center represents a significant value increase for investors. The developer has agreed to pay an average of $1,205 per square foot of NLA for the project.
There is much speculation surrounding the future of Jurong Lake District. After all, there are a number of new developments planned for Jurong Lake, including Westgate Tower. The new mall, which is expected to debut before the end of the year, will be a Big Box, covering an area of 230,000 square feet. Moreover, the Jurong Lake district is expected to attract more property developers. Meanwhile, existing retail mall developers will need to revamp their tenant mix and move towards mixed-development projects.
The developer of the Westgate project has already allocated more than 50% of the space to retail and commercial use. Generally, retail spaces command higher rents and capital values. It is expected that the project will be completed by 2014. The location is convenient and accessible by public transportation.
Located near Jurong East MRT station, Westgate Tower is expected to be completed by the end of 2014. This commercial tower is a 20-storey office block with an estimated completion date of end-2014. It will contain 310,000 sq ft of net lettable space and 17,000 sq ft of column-free floor plates.
Westgate offers a unique blend of indoor and alfresco areas. It has many amenities, including West Mall and Eng Wah Cinemas. It is also located near several educational institutions including Dulwich College and Millennia Institute. Families with children will appreciate the convenience and accessibility of this location.
The JCube shopping centre is a landmark in Singapore’s Jurong East. Open daily from 10am to 10pm, it is home to the first IMAX theatre and Olympic-sized ice rink in the suburbs. It is situated on the former site of the Jurong Entertainment Centre. As a result, it has become a popular place for shopping and entertainment, and is home to many new restaurants and retail stores.
However, as of now, it is still unclear whether the mall will remain a shopping centre. A spokesperson for CapitaLand Integrated Commercial Trust said that the company is currently considering all options for the redevelopment of the mall, but no final decision has yet been made. However, the publication of a draft masterplan amendment by the URA is an indication that the company has received approval from the authorities in principle.
According to experts, the JCube is a prime location for an urban development. Located in Jurong East, the location offers excellent connectivity. It is expected to sell for $2,000 per square foot when completed, which is significantly higher than the average private property in Clementi.
In 2005, CapitaMall Trust Management Limited bought Jurong Entertainment Centre. In October 2008, it was closed for renovation. During the renovation, it added an Olympic-size ice skating rink, new floors and reconfigured retail space. It also featured a landscaped rooftop garden.