CapitaLand Investment partners Coronade Properties on Johor Bahru City Centre’s largest retail landmark, Coronation Square Mall

Singapore, November 25, 2025 -- CapitaLand Investment Limited (CLI), a leading global real asset manager with a network of more than 70 malls across Singapore, Malaysia and China, has been appointed by Coronade Properties Sdn Bhd (Coronade Properties) to collaborate on shaping the retail vision for Coronation Square Mall. The new retail mall will be a key component of Coronation Square, a landmark integrated development strategically located in the Ibrahim International Business District (IIBD) within the Johor-Singapore Special Economic Zone (JS-SEZ). It will be directly connected to the upcoming Rapid Transit System (RTS) link, offering seamless accessibility between Singapore and Johor Bahru.

This follows the recent appointment of The Ascott Limited (Ascott), the lodging business unit wholly owned by CLI, to manage Ascott Coronation Square Johor Bahru, the development’s hotel component. By partnering CLI on both the retail and hospitality components, Coronation Square will stand to benefit from CLI’s extensive ecosystem – spanning strong shopper and tenant networks, hospitality expertise, and a global customer base – to create synergies that will boost footfall, elevate visitor experiences, and position the development as a vibrant gateway destination within the JS–SEZ. 

Mr Kok Wai Sing, CEO of Coronade Properties, said: “Partnering with CLI gives us access to deep retail expertise and a strong tenant network. With CLI’s proven track record of delivering successful retail destinations across the region, we are confident that Coronation Square Mall will thrive as Johor Bahru City Centre’s largest one-stop lifestyle destination, where discovery, community, and connection come together.”

Mr Ervin Yeo, Group Chief Strategy Officer and CEO, Commercial Management, CLI, said: “Our partnership with Coronade Properties marks a significant step in shaping the future of retail in Johor Bahru. By leveraging our commercial management expertise and ecosystem strengths, we aim to create a vibrant, world-class destination that sets a new benchmark for cross-border retail. This collaboration will also be a bridge for Singapore-based retailers to enter Johor Bahru together with CLI, along with brands from our global retail network.”

Artist’s impression of Coronation Square

Construction of Coronation Square is underway, with its flagship mall set to break ground in 2026

About Coronation Square Mall

Coronation Square is a landmark RM5 billion integrated development by Coronade Properties, spanning 9.6 acres in Johor Bahru. As the first project to kick-start the 250-acre IIBD, it is positioned as a catalyst for transforming Johor Bahru into a world-class metropolis. The project comprises eight towers, including the Ascott Coronation Square Johor Bahru hotel, premium office spaces, a fully sold residential component, and the approximately 1.25 million square foot1 Coronation Square Mall. 

Construction of the mall is slated to begin in 2026, with completion targeted for 2029. Strategically connected to the Bukit Chagar RTS station and the Immigration Complex, Coronation Square will offer seamless accessibility for both locals and visitors. 

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Notes: 
1. Refers to Gross Floor Area

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