Capitaland is exploring various options for JCube’s redevelopment, including building a new mall or residential complex. The company is currently in the planning stage, and will explore all options available to it. Read on to learn more about the possible uses of the site.
JCube Shopping Centre
JCube is a shopping centre in Jurong East, Singapore. It is open from 10am to 10pm, and features an Olympic-size ice rink and the first IMAX theatre in the suburbs. The development sits on the former site of the Jurong Entertainment Centre.
The JCube mall is located 200 metres away from Jurong East MRT station. It opened in 2012 after major refurbishment work. Its neighbours include IMM and Westgate shopping malls, as well as Lendlease’s Jem mall. In spite of its location, JCube has been lacking in footfall and faces stiff competition from other malls.
A masterplan for the area has been drawn up, and it includes the JCube plot. This means that the current shopping mall could become a residential development. It may even include commercial spaces on the first floor. The proposed development plans are available for public inspection on the URA website. If they are accepted, they will become amendments to the Master Plan.
J.Avenue
A developer is looking to redevelop the J.Avenue property in Singapore. The developer, Stratford Capital, is partnering with Greystone, which specializes in affordable housing. The developer hopes to build a mixed-use development with both residential and commercial space on the first floor.
Future of rink at JCube
The rink at JCube is facing a tough future. With redevelopment plans in place, it may be replaced by a mixed-use residential development. As Jurong East has been transformed into a hub in recent years, CapitaLand Development is considering the future of the rink.
Although the lease for the rink at JCube is set to end in March 2023, SportSG is exploring other facilities in the city. In the meantime, it will work with the Singapore Ice Hockey Association and the Singapore Ice Skating Association to fulfill their training needs. But this news is unsettling for the rink’s many fans.
The JCube Ice Rink is a 30m x 60m arena that is designed to host figure skating, ice hockey, and speed skating. It has 460 seats and rink-side dining. It is Singapore’s only Olympic-size ice rink.
Plans for redevelopment of JCube
Capitaland Limited is considering converting the former JCube shopping mall into a residential complex. This project will enhance the area’s connectivity, and is expected to yield a substantial increase in the number of residential units. The company expects to finish the project by the first quarter of 2022.
The JCube mall has been struggling with a declining occupancy rate, down from 94.3% in December to 90.9% in January. The mall has also been undergoing a major transformation, with CMT positioning it as a sports hub. In addition, it is also exploring divestiture options for the property. The Urban Redevelopment Authority has approved the project, and the developer is currently working on a new master plan for the property. This plan would feature a residential building on top of commercial space, a plot ratio that is much higher than the current JCube.
The JCube shopping mall, which was sold for $340 million, will be turned into a mixed-use development containing a combination of residential and commercial space. The developer of the project, CapitaLand Development, will be building the new development, which would be larger than the existing mall. Its plot ratio would be 4.2, compared to the mall’s plot ratio of 3.