Johor bahru: The Coronation Square integrated development is set to become a primary catalyst for Johor's structural economic transformation, with projections indicating over RM9 billion in economic spin-offs throughout its lifespan. Johor Menteri Besar Datuk Onn Hafiz Ghazi highlighted the project's potential during the groundbreaking ceremony of the Coronation Square Mall at the Coronation Square Sales Gallery.
According to BERNAMA News Agency, the landmark development, situated within the Ibrahim International Business District (IIBD), is expected to generate up to 60,000 job opportunities. This aligns with the Maju Johor 2030 vision, which aims to make Johor a developed state by focusing on high-income jobs and sustainable urban development. Onn Hafiz emphasized the project's role within a broader urban ecosystem designed to reposition the city as a competitive metropolitan hub.
The timing of the development is significant, coming after Johor's record-breaking RM110 billion in approved investments in 2025, which created over 34,000 jobs. Onn Hafiz noted that Coronation Square's strategic connectivity, particularly its direct link to the Bukit Chagar Rapid Transit System (RTS) Link station, will enhance the movement of people and businesses between Johor and Singapore, reinforcing the Johor-Singapore Special Economic Zone (JS-SEZ).
The menteri besar also revealed that the residential component of Coronation Square is fully sold, demonstrating strong market confidence in the IIBD as a vibrant community. He expressed confidence in Johor's continued rise as a leading economic powerhouse in the region, backed by robust fundamentals and committed partners.
Coronade Properties managing director Datuk Patrick Lim remarked that the groundbreaking marks the next phase of transforming Johor Bahru into a connected and vibrant city centre. He described Coronation Square as a 'city within a city', integrating infrastructure, businesses, and community. The upcoming Phase 2 includes the Coronation Square Mall, envisioned as more than just a retail space but a comprehensive ecosystem supporting businesses and community needs.
The Coronation Square Mall aims to be the largest retail landmark in the city centre, a collaboration between Coronade Properties Sdn Bhd and CapitaLand Investment Ltd. Themed 'Coronation Square - Where the World Meets Johor', the mall will serve as a premium lifestyle destination, featuring a curated mix of retail offerings from Malaysia, Singapore, and the region.
The event also saw the presence of Singapore's Consul-General to Johor Bahru, Ng Kuan Khai, and Johor's economic and investment advisor, Datuk Seri Hasni Mohammad.