An aerial view of the 6,300-acre Bandar Sri Sendayan.
From a small firm into a property powerhouse
MATRIX Concepts Holdings Bhd (Matrix Concepts) has proven its worth as a reputable leading property developer in the country with the realisation of its two major townships which were developed almost concurrently.
Beginning as a small property firm in 1996 in Negeri Sembilan, Matrix Concepts initiated its maiden project of 595 residential and commercial units in the district of Bahau, Negeri Sembilan.
Three years later, the first joint venture (JV) with Menteri Besar Incorporated, Negeri Sembilan (MBI NS) was inked to develop the 39-acre Taman Andalas. Subsequently, other commercial and residential properties followed. Thus, its reputation as a reliable and professional developer grew.
In 2005, Matrix Concepts entered into JV agreements with MBI NS and Koperasi Kemajuan Tanah Negeri Johor, to develop its two integrated townships called Bandar Sri Sendayan in Negri Sembilan and Bandar Sri Impian in Kluang respectively.
Backed by a strong track record of quality developments and an experienced management team of professionals, it went public and was listed on Bursa Malaysia on May 28, 2013.
Over the next few years, it continued to build up its landbank in Negeri Sembilan, Kluang and Greater Kuala Lumpur. Its first 513-unit serviced apartment in Kuala Lumpur city, KL Chambers was launched in 2019 and is expected to be handed over in Q4 2022.
Resort Villa, a soon-to-be launched limited premium bungalow series in Bandar Sri Sendayan, based on feng shui principles for the discerning few.
In 2016, it spread its wings internationally with a boutique apartment project called M Carnegie in Melbourne, Australia and due to its resounding success, M Greenvale was then launched in mid-2019. In Q2 2022, it launched its third project in Melbourne, M333 St Kilda, a 74-unit apartment block with an estimated gross development value (GDV) of A$75mil.
Matrix Concepts initialised investment in Indonesia in 2019 with its partnered project, Menara Syariah Towers, a 29-storey twin tower commercial building in Jakarta with an estimated GDV of US$250mil.
Currently, its Bandar Sri Sendayan, comprising over 6,300 acres and Bandar Seri Impian, over 1,000 acres, boast a thriving multi-racial community of over 50,000 people and its Sendayan Tech Valley, an industrial park within Bandar Sri Sendayan township has attracted more than RM4.5bil worth of foreign direct investments by prominent global and domestic brands.
As of to-date, Bandar Sri Sendayan's GDV for its completed projects stands at RM2.4bil and Bandar Sri Impian, Kluang stands at a GDV of RM1.4bil. In its books, its on-going projects total an estimated GDV of RM2.6bil.
Matrix Concepts has carved its name as a community developer as it endeavours to deliver sustainable developments in practising its beliefs, as prescribed by its tagline Nurturing Environments, Enriching Lives with more than 20,000 residential and commercial units handed over already.
At present, Matrix Concepts has diverse businesses namely property development, construction, education, hospitality and healthcare. For more information, visit Matrix Concepts website www.mchb.com.my or call Matrix Concepts Head Office at + 6 06 764 2688.
Matrix Concepts’s partnered project in Indonesia is the US$250mil Menara Syariah Towers, a 29-storey twin tower commercial building in Jakarta.
The vacant possession of KL Chambers is expected to be in Q4 2022.
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