Matrix makes maiden KL foray
August 28, 2013
KUALA LUMPUR: Negri Sembilan-based Matrix Concepts Holdings Bhd has made its maiden foray into Kuala Lumpur after buying two plots of adjoining land totalling 0.44ha for RM43.6 million.
The prime freehold land is adjacent to the Putra World Trade Centre (PWTC), the company said yesterday.
Matrix Concepts plans to undertake a mixed development project with gross development value of RM250 million there.
It will boast of high-rise serviced apartments and retail, food and beverage outlets.
"Thus far, having focused our projects in Negri Sembilan and Johor, we believe that this venture into the heart of Klang Valley is vital in not only diversifying our landbank into other high-growth areas but also raising our profile among the discerning property purchasers in the city," said chairman Datuk Mohamad Haslah Mohamad Amin.
Meanwhile, the company is also on track to outperform its results last year after posting a RM76 million net profit for its six-month period ended June 30 this year.
Group revenue during the firs half amounted to RM302.9 million, driven by sales of residential and commercial properties.
More: http://www.btimes.com.my/Current_New...#ixzz2d7xDssxf
August 28, 2013
KUALA LUMPUR: Negri Sembilan-based Matrix Concepts Holdings Bhd has made its maiden foray into Kuala Lumpur after buying two plots of adjoining land totalling 0.44ha for RM43.6 million.
The prime freehold land is adjacent to the Putra World Trade Centre (PWTC), the company said yesterday.
Matrix Concepts plans to undertake a mixed development project with gross development value of RM250 million there.
It will boast of high-rise serviced apartments and retail, food and beverage outlets.
"Thus far, having focused our projects in Negri Sembilan and Johor, we believe that this venture into the heart of Klang Valley is vital in not only diversifying our landbank into other high-growth areas but also raising our profile among the discerning property purchasers in the city," said chairman Datuk Mohamad Haslah Mohamad Amin.
Meanwhile, the company is also on track to outperform its results last year after posting a RM76 million net profit for its six-month period ended June 30 this year.
Group revenue during the firs half amounted to RM302.9 million, driven by sales of residential and commercial properties.
More: http://www.btimes.com.my/Current_New...#ixzz2d7xDssxf