24 August, 2022
Matrix Concepts acquires 1,382 acres in MVV2.0 for RM460M, Malaysia's biggest land deal by size in over five years, targeting a RM7bil GDV sustainable township.
This land acquisition marks one of the most significant milestones in our growth story. Through our subsidiary N9 Matrix Development Sdn Bhd, we have entered into a sale and purchase agreement with NS Corporation to acquire 1,382 acres of freehold land in the MVV2.0 development corridor for RM460 million, the biggest land deal in Malaysia by size in over five years. With an 85% shareholding in the joint venture and plans to develop a sustainable township with a GDV of RM7 billion, this is our commitment to Negeri Sembilan for the next generation. Find out more about our developments and growth strategy.
Matrix Concepts Holdings Bhd’s wholly-owned unit, N9 Matrix Development Sdn Bhd, has entered into a sale and purchase agreement with NS Corp to acquire a 1,382-acre freehold land in Negri Sembilan for RM460mil.
In a statement, the property developer said the purchase represented the biggest land deal in Malaysia in terms of size since the last five years.
NS Corp is the owner of the master blueprint of Malaysian Vision Valley 2.0 (MVV2.0).The land is located in the MVV2.0 development corridor.