PROPERTY developer Matrix Concepts Holdings Berhad enters the financial year ending 31 March 2027 with strong confidence in its next phase of growth, supported by the resilience of its core developments, an increasingly diversified portfolio and a growing pipeline of new and recurring income opportunities.
Building on its record FY2026 performance, the Group is targeting RM1.8 billion in new property sales for FY2027, representing another step up from the record RM1.5 billion achieved in FY2026.
This is supported by RM2.0 billion of planned new project launches across Negeri Sembilan, the Klang Valley and Johor.
According to the group chairman, Datuk Mohamad Haslah Mohamad Amin, the target reflects the scale of its developments, alongside opportunities arising from a wider geographic footprint, launch pipeline and comprehensive asset base.
“The early performance of FY2027 provides further support for this outlook. In the first quarter ended 30 June 2026, Group revenue grew 11.0% year-on-year to RM315.6 million, while new property sales increased 9.2% to a record RM416.7 million.
“As at 30 June 2026, unbilled sales stood at RM1.5 billion, providing earnings visibility over the next 15 to 18 months,” he said.
Alongside geographic expansion, the Group’s strategy to widen earnings beyond property development is delivering tangible results, with complementary businesses and recurring income initiatives steadily contributing to the Group’s performance.
This is already evident in Australia, where the successful conversion of M333 St Kilda in Melbourne into a build-to-rent asset has established a recurring income stream, with full occupancy achieved and approximately AUD2.0 million in annual profit before tax.
“This is being complemented by new opportunities, including the upcoming Kanopy @ Sendayan, alongside the Group’s hospitality and education businesses.
“The healthcare business is also progressing, with the planned launch of Matrix Medical Centre Sendayan in 2027 and the development of a 130-bed Nursing Care Centre, supporting both the Group’s healthcare division and the broader integrated township ecosystem,” added Mohamad Haslah. – August 29, 2026
