A 40-story residential and commercial development will be built in place of Jurong East's JCUBE, a leisure and entertainment center.
The action follows CapitaLand Development's (CLD) announcement on Tuesday that it had received preliminary approval from Singapore's Urban Redevelopment Authority to revamp the JCube property. CLD is the development arm of CapitaLand Group (Feb 7).
Observers predict that the residential flats of the new complex, which will include commercial space on the first and second stories, will cost between S$2,000 and S$2,100 per square foot (psf). It is expected to be finished in 2027.
Read the whole article on The Business Times
