Coronade Properties Sdn Bhd's The Coronade Residences in Johor Baru has achieved a take-up rate of 40% since its soft launch last October. The project is located within the 9.58-acre fully integrated Coronation Square development, which is situated between Jalan Wong Ah Fook and Jalan Trus.

According to Coronade Properties sales manager Ong Tee Hui in an email interview with City & Country, Coronation Square has a gross development value (GDV) of RM5 billion and will be developed in three phases. "We’re currently developing Phase 1, which comprises Menara Bank Rakyat, KPJ Medical Suites, The Coronade Residences and a mall. The mall will be situated inside a platform that links all six towers of Coronation Square. In Phase 2, we plan to develop a hotel and another serviced apartment while Phase 3 will witness the development of an office tower."