Former JCube Shopping Centre to Be Converted Into Mixed-Use Development

Former JCube Shopping Centre may soon be converted into mixed-use development. JCube, located in Jurong East, Singapore, is a shopping mall that’s open Altura EC from 10am to 10pm. It also features the first IMAX theatre in the suburbs and Singapore’s first Olympic-sized ice rink. The complex was built on the site of the former Jurong Entertainment Centre.

Retail mall space in Jurong has doubled from the second quarter of last year

The supply of retail mall space in Jurong has almost doubled in the past year. The area’s net lettable area increased by 573,600 square feet from the second quarter of last year to June, and is expected to grow by another 35 per cent by the end of the year. This is due in part to the construction of the new Westgate mall by Capitaland, which has a net lettable area of 416,000 square feet.

The surge in demand for space in suburban malls has tended to cushion the impact of the retail slump in prime shopping areas such as Orchard Road. However, the impact of this retail slump has been most evident in strata-titled malls in …