The Jurong Lake District masterplan will make Jurong Lake the largest mixed-use district outside the city centre with 4 MRT lines by 2035. Until then, the JCube mall will remain operational and business as usual, but its tenants will need to find new rental spaces. Fortunately, rental rates have recently rebounded, which should make things easier for existing tenants.
JCube is a shopping mall in Jurong East Central
The owner of JCube, a shopping mall in Jurong East, is looking to convert the site into a mixed-use development. A new design would include commercial space on the ground floor and residential units on the upper floors. The project is expected to be completed in five years. Capitaland is a real estate investment trust based in Singapore and currently owns 23 properties. Of these, 96 percent are located in Singapore. The firm has also recently entered the Australian market, purchasing …