Built in the late 1970s, Coronation Plaza is a mixed development building well-known for having a petrol station on the ground floor integrated with the commercial and residential building.
The building was possibly named after Coronation Road adjacent to the building. Coronation Road, along with Empress and King's Roads in 1905 were originally three private roads in a prominent Hokkien Chinese merchant, Choa Lam Tiong's estate off Bukit Timah Road. The roads in this area were later renamed with royalty-related names in 1912 to commemorate King George V's coronation.
Prior to the building of Coronation Plaza, the area consisted of a row of shophouses that frequently flooded in the 1960s. Today, Coronation Plaza is one of the three major shopping centres established along Bukit Timah Road. Due to its proximity to the school clusters, it serves the needs of the students and families in the area.