PROPERTY developer Matrix Concepts Holdings Berhad recorded a 10.4 per cent increase in new property sales to RM1.38 billion for the financial year ended 31 March 2025 (FY2025) compared to RM1.25 billion reported in the previous financial year.
In a statement, it said this achievement was driven by robust market demand and increased new launches across its diversified development portfolio.
In FY2025, new property sales substantially exceeded the sales target of RM1.3 billion, propelled by strong performance across its core township developments Sendayan Developments and Bandar Seri Impian, alongside its Klang Valley high-rise project, Levia Residences.
"The sales also notably included maiden industrial land sales from the highly anticipated Malaysia Vision Valley City (MVV City).
"Sendayan Developments, its flagship township, recorded RM1.04 billion in sales, marking a 3.5 per cent increase from RM1.01 billion previously, as demand for its affordable-premium properties remained a mainstay," read the statement.
Meanwhile, sales from Bandar Seri Impian rose 36.2 per cen to RM71.9 million from RM52.8 million previously, while Klang Valley sales expanded 7.8 per cent to RM151.2 million, propelled by Levia Residences.
Concurrently, the industrial segment recorded sales rising 134.2 per cent to RM112.4 million compared to RM48.0 million previously, with RM90.9 million contributed by industrial land sales in MVV City.
Capitalising on favourable market momentum, Matrix Concepts launched projects with a total Gross Development Value (GDV) of RM1.45 billion in FY2025, a 9.8 per cent increase from RM1.32 billion previously.
Of these launches, Sendayan Developments comprised 76.3 per cent of new offerings, with the remaining 23.7 per cent coming from Bandar Seri Impian, Levia Residences – Phase 2, and other developments.
The collective take-up rate for FY2025 launches stood at 73.0 per cent as at 31 March 2025, reflecting robust buyer confidence.
Group revenue for FY2025 amounted to RM1.19 billion, 11.2 per cent lower from RM1.34 billion previously, with the variance primarily due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian.
"This was partially mitigated by higher revenue from Klang Valley, rising 182.0 per cent to RM41.0 million, from RM14.6 million previously,". - May 21, 2025
