KUALA LUMPUR (Aug 18): Matrix Concepts Holdings Bhd is targeting more than RM900 million in property sales for the current financial year ending March 31, 2017 (FY17).

In a statement today, Matrix chairman Datuk Mohamad Haslah Mohamad Amin said demand for residential homes in Bandar Sri Sendayan continues to be robust, due to the increasing appeal of the integrated township and affordable pricing.

"We believe in providing great value to home owners. To date, Bandar Sri Sendayan has been successful in capturing market demand, translating into a population that is now 30,000-strong.

"More importantly, our residents are enjoying the opportunity to live, work, and play in an integrated township, with access to world-class amenities such as Matrix Global Schools and d'Tempat Country Club," he said.

Mohamad Haslah said the company's latest launch of Suriaman 2B in late-June 2016 was rapidly snapped up and achieved more than 70% take-up as at July 31, 2016.

"This is a commendable achievement and reflects the resilient demand for our properties," he added.

He said the Suriaman 2B project comprises 232 units of double-storey terrace homes with total gross development value (GDV) of RM154 million.

For the three-month period spanning April 1 to June 30 (1Q17), Matrix Concepts launched more than RM400 million worth of projects in Bandar Sri Sendayan and its Bandar Seri Impian township in Kluang, Johor, according to Mohamad Haslah.

He also said the company was increasing the number of commercial property launches.

"While sales of affordably priced residences have been our main offering, we intend to launch more commercial properties to ensure that the needs of a rapidly expanding Bandar Sri Sendayan population are met with a good range of commercial offerings.

"We continue to receive encouraging stream of enquiries from prospective business owners. Increasingly, business owners are recognising the vast potential of Bandar Sri Sendayan emerging as a thriving commercial hub in Negeri Sembilan," he said.

On its prospects, Mohamad Haslah said the company is confident of maintaining its sales performance for upcoming launches planned for the year. — theedgemarkets.com

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