Share
JOHOR BAHRU (May 7): Coronade Properties Sdn Bhd has officially commenced Phase 2 of its Coronation Square integrated development in Johor with a groundbreaking ceremony for Coronation Square Mall, which is set to become the largest retail mall in the Johor Bahru city centre.
According to a press statement issued on Thursday, CapitaLand Investment (CLI) has been appointed as the retail adviser for Coronation Square Mall, while its lodging unit, The Ascott Ltd, will manage the hotel component of the development under the Ascott brand.
Apart from the mall and hotel, the master plan also includes the construction of two residential blocks, all strategically located within the Johor-Singapore Special Economic Zone (JS-SEZ) growth corridor, and will have direct connectivity to the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) via an air-conditioned pedestrian overhead bridge.
The groundbreaking ceremony on Thursday was graced by Johor Menteri Besar Datuk Onn Hafiz Ghazi and Singapore’s Consul-General to Johor Bahru Ng Kuan Khai.
On the sidelines of the ceremony, the Singapore Retailers Association (SRA) and CLI signed a memorandum of understanding (MOU) to support Singaporean retailers expanding into Johor Bahru.
Under the collaboration, both parties will facilitate market entry opportunities and pilot retail concepts such as pop-ups.
“Today’s groundbreaking marks the next phase of our vision to shape Johor Bahru into a connected and vibrant city centre. Coronation Square is designed as a ‘city within a city’, bringing together infrastructure, businesses and community within one integrated development. As we move into Phase 2 with Coronation Square Mall, we are building more than just retail. We are creating an ecosystem that supports businesses, creates jobs and serves the daily needs of the community,” said Coronade Properties managing director Datuk Patrick Lim in the statement.
Meanwhile, SRA vice president Vivien Lim highlighted that Johor Bahru has emerged as one of the most accessible and promising markets for Singapore retailers looking to expand regionally. “Through this collaboration with CLI, we aim to ensure our members are well-positioned to seize these opportunities with the right market insights and support.”
CLI managing director of retail management and commercial management (Singapore) Tan Mui Neo said the mall’s “Where the World Meets Johor” positioning reflects the ambition to bring together quality brands from across the region. “Through this MOU with SRA, we hope to take some of the uncertainty out of regional expansion, connecting retailers with the right market insights, opportunities and partners on the ground.”
..........
EdgeProp's monthly print edition is out! Free delivery is available for selected regions. Subscribe now.
