KUALA LUMPUR (Sept 4): Launched in 2015, Coronation Square is the catalyst project for the Ibrahim International Business District, which spans about 250 acres (101.17 hectares) within Johor Bahru city centre.

Coronation Square developer Coronade Properties Sdn Bhd has sold two out of the six buildings, one to Bank Rakyat and the other to KPJ Healthcare Bhd. Menara Bank Rakyat will be completed soon.

There will also be a mall with a gross floor area of 700,000 sq ft, and it is positioned as a destination mall, with various offerings including a spa.

Later in the year, it will launch The Coronade Residences serviced apartment tower. The remaining towers will include a hotel, branded serviced apartments and a signature tower.

This integrated development with a gross development value of about RM5 billion is poised to be a new financial centre for Johor Bahru city.

What will further add flavour to the development is its connection via walkways to the upcoming Rapid Transit System station and the Custom, Immigration and Quarantine Complex, which will allow ease of passage from and to these places allowing Singaporeans and visitors to access various services and amenities Coronation Square has to offer.

Find out more in the Sept 5 issue of The Edge Malaysia weekly.

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