CapitaLand Investment to collaborate with Malaysia's Coronade Properties on mall in JS-SEZ

• The 1.2 million sq ft mall will be a key feature of the RM5 billion Coronation Square integrated development, strategically located in the Ibrahim International Business District within the Johor-Singapore Special Economic Zone (JS-SEZ).

SINGAPORE (Nov 25): CapitaLand Investment Limited (CLI) has been appointed by Coronade Properties to help shape the retail vision for Coronation Square Mall, set to become Johor Bahru City Centre's largest retail landmark.

The 1.2 million sq ft mall will be a key feature of the RM5 billion Coronation Square integrated development, strategically located in the Ibrahim International Business District within the Johor-Singapore Special Economic Zone (JS-SEZ). It will be directly connected to the Bukit Chagar station on the upcoming Rapid Transit System (RTS) link. Construction of the mall is scheduled to begin in 2026, with completion targeted for 2029.

This partnership leverages CLI's extensive experience in retail and hospitality, aiming to create a vibrant, world-class destination that will attract both local and international visitors. Kok Wai Sing, CEO of Coronade Properties, expressed confidence in the collaboration, stating, “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.”

Ervin Yeo, group chief strategy officer and CEO for commercial management at CLI, says: "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.”

In August, The Ascott Limited, CLI's lodging business unit, was appointed to manage Ascott Coronation Square Johor Bahru, the hotel component for Coronation Square.

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