PROPERTY developer Matrix Concepts Holdings Berhad saw its new property sales accelerate 19.1 per cent to RM406.9 million for the second quarter ended 30 September 2025 (2Q26), from RM341.7 million in the corresponding quarter last year.
The robust growth was underpinned by the Group’s diversified development portfolio.
The flagship Sendayan Developments continued to anchor performance, contributing RM187.7 million or 46.1% of total new sales in 2Q26, on resilient demand with an average take-up rate of 80.3%.
This was bolstered by a significant surge from the Group’s new growth catalyst, Malaysia Vision Valley City (MVV City), which delivered RM168.4 million in industrial land sales during 2Q26.
In tandem with the sales momentum, the Group delivered a robust 2Q26 financial performance, as revenue surged 23.4% to RM396.3 million from RM321.0 million in the previous corresponding quarter.
The growth was underpinned by broadened revenue streams across the portfolio, spearheaded by Levia Residences in the Klang Valley, where revenue surged 521.6% to RM45.1 million as construction progress accelerated.
The Group’s net profit remained stable at RM67.5 million in 2Q26 compared to RM67.4 million previously.
Notably, cumulative industrial sales from MVV City reached RM310.8 million in the first half ended 30 September 2025 (1H26), surpassing the Group’s full-year industrial sales target of RM250 million ahead of schedule.
The performance highlights the strong and sustained demand for industrial land in the region supported by MVV City’s strategic locality and established infrastructure network.
Complementing these major townships were contributions from key projects in the Klang Valley and Johor, which added RM50.8 million to new sales, from Levia Residence in Cheras and the Bandar Seri Impian township.
“Our 2Q26 performance validates the strength of our multi-pronged growth strategy.
“We are witnessing the convergence of our strategic pillars, where the accelerating momentum of MVV City’s industrial segment is complemented by the sustained resilience of our flagship Sendayan township and meaningful contributions from our international and Klang Valley portfolios.
“We stand at a defining moment in the Group’s journey as we evolve our business model to unlock new horizons of growth,” said Datuk Mohamad Haslah Mohamad Amin, Chairman of Matrix Concepts Holdings Berhad.
He said that since 2006, Sendayan Developments has provided the foundation for nearly two decades of sustainable expansion.
“Today, this legacy is being strategically extended through MVV City, which is fast emerging as our next major growth catalyst.
“Surpassing our FY2026 industrial sales target at the halfway mark not only underscores the strong market confidence in this transformative development but also signals that the value creation we are witnessing today is merely the beginning of a growth engine that will propel the Group well into the next decade,” he added. – November 26, 2025
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