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JCube set to make way for mixed-use residential development
Observers cite stiff competition from nearby malls, strong demand for housing as reasons
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CapitaLand-owned mall JCube looks set to make way for a mixed-use residential development, based on a proposed amendment to the site's land use.
The proposed amendment to the Urban Redevelopment Authority's (URA) masterplan, published by the agency on July 22, stated that JCube's 7,771.2 sq m plot may be changed from commercial use to a primarily residential development that has commercial spaces on the first storey.
