Coronation Square To Generate RM9 Bln Economic Spin-offs, 60,000 Jobs -- Onn Hafiz
JOHOR BAHRU, May 7 (Bernama) -- The Coronation Square integrated development is set to become a primary catalyst for Johor’s structural economic transformation, projected to generate over RM9 billion in economic spin-offs throughout its lifespan.
Johor Menteri Besar Datuk Onn Hafiz Ghazi said the landmark project, located within the Ibrahim International Business District (IIBD), is also expected to create up to 60,000 job opportunities, aligning with the Maju Johor 2030 vision.
“These outcomes are fully aligned with our Maju Johor 2030 vision to make Johor a developed state, focusing on high-income, quality jobs and sustainable urban development.
“This project is a key piece within a wider urban ecosystem that is being developed deliberately and strategically to reposition the city as a competitive metropolitan hub,” he said in his opening remarks during the groundbreaking ceremony of the Coronation Square Mall at the Coronation Square Sales Gallery here today.
He said that the development comes at a once-in-a-generation juncture for the state, following Johor’s record-breaking RM110 billion in approved investments in 2025, which created over 34,000 jobs.
Onn Hafiz highlighted that Coronation Square’s success is bolstered by its strategic connectivity, specifically its direct linkage to the Bukit Chagar Rapid Transit System (RTS) Link station, which is expected to be operational by the end of 2026.
“This will enable faster and more efficient movement of people, talent, and businesses between Johor and Singapore, further strengthening the Johor-Singapore Special Economic Zone (JS-SEZ),” he added.
The menteri besar also shared that the residential component of Coronation Square has been fully sold, reflecting strong market confidence in the IIBD as a vibrant, lived-in community rather than just a commercial zone.
“With strong fundamentals, clear direction, and committed partners, I am confident Johor will continue to rise as a leading economic powerhouse in this region,” he said.
Meanwhile, Coronade Properties managing director Datuk Patrick Lim said today’s groundbreaking marks the next phase of the 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 and serves the daily needs of the community,” he said.
The Coronation Square Mall, slated to be the largest retail landmark in the city centre, is a collaboration between Coronade Properties Sdn Bhd and CapitaLand Investment Ltd.
Themed “Coronation Square - Where the World Meets Johor”, the mall is positioned as a premium lifestyle destination, bringing together a curated mix of retail and brands from Malaysia, Singapore, and the region.
Also present was Singapore’s Consul-General to Johor Bahru, Ng Kuan Khai, and Johor’s economic and investment advisor, Datuk Seri Hasni Mohammad.
-- BERNAMA