SEREMBAN: Property developer Matrix Concepts Holdings Bhd, which recorded its highest ever sales in 2017, is confident that the solid sales performance can be sustained next year.
Matrix’s on-going projects are expected to rake in total gross development value (GDV) exceeding RM1.9 billion for the financial year ended March 2017, its highest sales ever.
Matrix chariman Datuk Mohamad Haslah Mohamad Amin said the Negri Sembilan-based firm is eyeing an even stronger performance in the financial year ending March 2018 on the back of resilient demand for its new property launches.
"The company is constantly investing in strategic properties that enhance the vibrancy of our townships such as the Xtreme Park and the the D'Sora Boutique hotel which are now seeing increasing patronage from both the residential and business communities
“The invesments have contributed to an average take up rate of above 70 per cent for our launches underlining the vast appeal of our township and based on these factors, I am optimistic that the the company's GDV for 2018 is expected to climb even higher," Mohamad Haslah told reporters here after the company's shareholders meeting.
Matrix founder and group managing director Datuk Lee Tian Hock said its industrial cluster in Bandar Sri Sendayan, the Sendayan TechValley has also received encouraging response from both local and international investors and is expected to rope in more companies.
"The zone has already received more than RM4 billion in foreign direct investments worldwide and we are expected to sign a few more agreements soon," said Lee.
He added that the new launches in 2018 comprise mainly residential homes in Bandar Sri Sendayan and Bandar Seri Impian in Kluang Johor.Matrix has an undeveloped land bank totalling 1,550 acres whic is set to keep the group busy until 2027.At the annual general meeting today, shareholders approved the bonus issuance rewarding each shareholder who owns four Matrix shares with one bonus share.
Lee said Matrix continues to strive to register greater returns to its shareholders, an initiative which the company has consistently carried out distributing dividends to shareholders since its listing in May 2013 with a dividend payout policy of 40 percent of net profit to shareholders.