The Future of Jurong East Central Condo by Capitalland
Property prices in Jurong East can easily surpass $2,000 per square foot. There is an IMAX theatre and an Olympic-size ice rink located within the complex. This development replaced the old Jurong Entertainment Centre. It is also located within a prime retail area.
Future of Jurong East Central Condo by Capitaland Former JCube
The Future of Jurong East Central Condo by Capitalland is an exciting new development in the Jurong district of Singapore. The development will include a new entertainment The Myst complex with the first IMAX cinema and Olympic-size ice rink outside of the city. The project is located at the site of the former Jurong Entertainment Centre.
The new development will also feature boutique shops and restaurants. It is conveniently located near Jurong East MRT and other major shopping centres in the vicinity. The development is also near the JEM Building, Westgate shopping mall, Jurong Lake Park, and Jurong Country Park. Additionally, it is near several amenities and is part of the Government’s Master Plan for Jurong East.
However, despite the rising demand for residential properties in Jurong East, the future of the JCube complex is uncertain. While CapitaLand Development plans to build a larger development at the former JCube site, it is unclear whether the new project will be a condominium or a shopping mall. The JCube’s potential redevelopment has cast doubt on the future of the city’s ice sports athletes. The JCube is home to the country’s only Olympic-sized ice skating rink. The only other rink in Singapore is at Leisure Park Kallang.
If the future plan moves forward, the JCube will become a mixed-use development with apartments, commercial space, and a residential tower on top. The proposed development will be a bigger project than the current JCube, allowing for more floor space and a higher plot ratio than the current JCube.
Property prices in Jurong East to hit $2,000 per sq foot
The demand for property in Jurong is strong. It has seen six rounds of price increases, with some units selling for more than S$2,000 per square foot. Investors have seen an attractive rental yield from some of these properties. Prices are set to rise further over the coming years.
Currently, the average price of a five-room flat in Jurong East is $135,000 lower than that in Toa Payoh or Bishan. This indicates that Jurong East’s public flats have high upside. Plot ratios are also high, which means that a five-room flat in Jurong East is a good investment for your money.
The market has also experienced limited supply and strong demand. The market has seen gains in both capital and rental prices in recent months. Despite this, a recent stock market decline may have dampened investor sentiments. However, the strong economy has continued to fuel strong property prices. Higher salaries and bonuses have created a new wave of demand for homes.
J Gateway is a nearby new development with an average price of S$1,550 per sq foot. It is close to the Jurong East MRT station and several new commercial and retail projects. Analysts will closely monitor the take-up rate of J Gateway.
Retail malls in Jurong East Central Condo by Capitaland Former JCube
JCube, located in Jurong East, Singapore, is a shopping mall that opens from 10am to 10pm. It features a variety of shops, restaurants, and entertainment options. The centre is also home to Singapore’s first Olympic-size ice skating rink and IMAX theater. JCube is located in the former Jurong Entertainment Centre.
The mall opened in 2012 and is one of four around Jurong East Central. The others are IMM, JEM, and Westgate. Due to competition from the nearby malls, JCube was rezoned to allow more retail space. In 2014, JCube opened a second-floor shopping mall called J.Avenue, containing 70 retail shops.
Retail mall space in Jurong is increasing quickly. Since the second quarter of last year, the supply of retail mall space in Jurong has almost doubled. The second quarter saw an increase of 573,600 square feet. By the end of this year, the supply of retail space is expected to rise by a further 35 per cent. In addition, Capitaland is currently building a new mall called Westgate, with a net lettable area of 416,000 square feet.
Nearby healthcare facilities include the Jurong Polyclinics and Jurong General Hospital. The area has a lot to offer for residents. The surrounding area has plenty of greenery and recreational facilities. Many families live here.