THE SENDAYAN TECHVALLEY (“STV”) (Negeri Sembilan) The STV is the industrial component within Sendayan Developments, offering approximately 748.0 acres of net saleable, prime, freehold industrial land with a total GDV of RM1.0 billion. In FY2023, STV achieved RM33.0 million in new sales value with only one remaining land parcel remained unsold while unbilled sales was at RM48.3 million (FY2022: RM49.25 million). BANDAR SERI IMPIAN (“BSI”) (Johor) Located in Kluang, Johor, BSI covers an area of 1,209.5 acres which was acquired through a joint venture agreement between Matrix and Koperasi Kemajuan Tanah Negeri Johor Berhad. A comprehensive masterplan guides its development, enhancing value creation and lifestyle components of this township. In FY2023, BSI saw one project with a total GDV of RM93.6 million. Sales achieved stood at RM46.1 million (FY2022: 57.5 million). Take-up rates from the ongoing projects stood at 27.0% (FY2022: 59.8%). As at end FY2023, unbilled sales stood at RM29.2 million (FY2022: RM63.2 million). CHAMBERS RESIDENCE (Kuala Lumpur) Strategically located at the heart of the nation’s capital Kuala Lumpur, the 509-unit, freehold Chambers Residence with 4 commercial lots has appealed to discerning buyers within the Klang Valley. As of 31 March 2023, 96.9% units have been sold with a sales value of RM298.8 million, while unbilled sales, as at end FY2023, stands at RM2.67 million (FY2022: RM79.1 million). MANAGEMENT DISCUSSION & ANALYSIS INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 50 KEY MESSAGES
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