OUR PERFORMANCE IN ADDRESSING MATERIAL MATTERS LANDBANKING As at 31 March 2024, Matrix’s total landbank stands at 2,032 acres, with a GDV of RM11.7 billion. Primarily, landbank comprises of parcels adjacent to or in the vicinity of Matrix’s BSS and BSI townships. This is towards enabling an expansionary strategy for both townships. However, Matrix also holds and is constantly on the lookout for pocket land parcels in urban locations or in the suburbs that would offer appealing property development potentials. With regard to landbank, Matrix has also been actively acquiring suitable land parcels in the Malaysia Vision Valley (“MVV”) locale, which is touted as the next game-changing infrastructure development projects in Negeri Sembilan. FY2024 saw Matrix acquire landbank worth RM460 million in the MVV locale. Present landbank is sufficient to meet Matrix’s property development plans for the next 20 years. As in previous years, the landbank acquisition / replenishment requirements are not solely based on commercial considerations. Increasingly, considerations include exposure to climate impacts and biodiversity consideration such as landbanks’ potential / actual biodiversity value. As much as possible, landbank should not be adjacent to locations with high biodiversity or having High Conservative Value (HCV). For further information on landbank, please refer to the Management Discussion and Analysis section of this report on page 36-54. In essence, landbank replenishment is undertaken based on the following criteria: Pricing and location (local or overseas) of land parcels Potential biodiversity considerations Impacted local communities Regulatory compliance Proposed development plans and expected dates of development Future capital appreciation potential VALUE CREATION STRATEGIC REVIEW 99 INTEGRATED ANNUAL REPORT 2024
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