The 40-storey development will have commercial space on the first and second storeys and is targeted for completion in 2027.
CapitaLand Development, the development arm of CapitaLand Group, has obtained provisional permission from the Urban Redevelopment Authority (URA) to redevelop the JCube site into a residential development.
CapitaLand Development had entered into a sale and purchase agreement (SPA) to acquire JCube for $340 million. The transaction was completed in 1Q2022.
