NEWS: Matrix Concepts shoots for the stars

The Edge TV

Matrix Concepts, the master developer for the massive Bandar Sri Sendayan development in Negeri Sembilan, has big plans for the next 12 months, even as the property landscape turns harsh.

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01:13 - Make our basin here.

01:15 So as for today is how I can say that we have developed,

01:19 talking about I think some 5,000 acres.

01:22 Without the MVV itself, we're still talking about

01:24 we are landing around 1,000 acres over here.

01:26 Now of course, by the MVV coming here itself,

01:29 they're like, you can see our long-term sustainability

01:33 and visibility in this respect for it.

01:36 This 1,382 acres itself, some of them we are planning

01:39 for those other corporate park,

01:43 and some of them for the logistics,

01:44 some of them for those industry,

01:47 some of them for those other institutions,

01:49 lifestyle, commercial area, and then this residential.

01:55 We are in the almost at the final stage

01:58 to meet all the condition precedents.

02:02 So we target all these condition precedents

02:04 we are able to make, to achieve

02:07 by first quarter of next year.

02:10 Let me say the next three, four month time.

02:12 So in terms of the funding itself,

02:15 in fact our funding all have been stand-by,

02:17 all is available now.

02:18 We managed to secure some of them from the internal fund,

02:23 some of them from the external borrowing.

02:25 Everything is in place for that.

02:27 So we target everything will be clear,

02:29 make the first submission about our planning approval

02:32 will be by Q2 or Q2 of next year.

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03:13 - For me, I don't market,

03:28 big or down itself,

03:29 they're like, we have the right proposition

03:33 in our property development,

03:34 the product proposition,

03:36 a light capital tenancy is the most important

03:39 to drive it on it.

03:40 It's a very unique industry for that.

03:42 Of course, for this coming year,

03:47 of course it will be better than the previous year for it.

03:51 All right, so,

03:53 of course, barring any unfortunate circumstances itself,

03:55 most important that those are the geopolitical tension

03:59 itself can subside down.

04:01 So then, then get itself can be further strengthened on it,

04:06 because it's ready to stay by the cause,

04:08 because any cause increase,

04:09 the price increase,

04:10 will translate to higher concession costs.

04:13 For me, all this,

04:14 I call it fair, I know so much already.

04:16 The bigger chance that government,

04:19 the final city itself,

04:22 they're like, we have to work hand in hand

04:23 to accelerate, to expand the economy,

04:26 to create more economic activities on it.

04:31 I see for those are the high income economy.

04:35 I think this transformation need to be fast enough on it

04:40 to catch up for that.

04:42 In the metric itself,

04:44 we, for the coming itself,

04:46 that we still maintain our silent growth

04:49 compared to the visiting year itself.

04:52 In terms of the venue,

04:54 probably more emphasis that you're talking about

04:57 our bottom line, the profit after they saw it.

04:59 So I mean, say for the coming,

05:02 for this final city itself,

05:03 we believe that it will be better than last year.

05:06 It's a must for it.

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