Matrix Concepts Holdings Bhd remains optimistic about achieving at least RM1.2 billion in new property sales for FY2023, supported by ongoing developments in Sendayan, Bandar Seri Impian, and an upcoming high-rise project in Cheras. The company also plans property launches with a total gross development value (GDV) of RM1.55 billion.

Beyond Malaysia, Matrix Concepts continues to expand internationally through projects in Australia and Indonesia, while its recent acquisition of 1,382 acres in Malaysia Vision Valley (MVV) 2.0 is expected to generate a potential GDV of RM7 billion and strengthen its long-term land bank.

Matrix Concepts also reported a strong start to FY2023, with net profit rising 48.4% and revenue increasing 40.3% in the first quarter. Demand for its affordable-premium homes remained resilient, with new launches in Sendayan Developments achieving an average 99% take-up rate and new property sales reaching RM309.2 million.

Overall, Matrix Concepts remains confident in its growth outlook, backed by strong buyer demand, strategic expansion plans, and a solid pipeline of local and international projects.