MANAGEMENT DISCUSSION & ANALYSIS RESIDENTIAL AND COMMERCIAL PROPERTIES SENDAYAN DEVELOPMENTS NEGERI SEMBILAN Matrix’s award-winning property project, Sendayan Developments in Negeri Sembilan was first conceived with the establishment of Bandar Sri Sendayan in 2006 and later, giving rise to Ara Sendayan, Tiara Sendayan, Eka Heights and Laman Sendayan. As at 31 March 2024, sales at Sendayan stood at RM1.24 billion (FY2023: RM1.08 billion). The average take-up rate registered 87.7% (FY2023: 91.3%), alongside unbilled sales of RM1.07 billion (FY2023: RM1.41 billion). Another positive indicator is the estimated GDV for ongoing projects, which, as at 31 March 2024, stood at RM2.11 billion (FY2023: RM2.37 billion). In total, there were 13 new projects launched in FY2024, with GDV amounting to RM1.07 billion (FY2023: 1.18 billion), a direct reflection of the increasing market demand of the Group flagship development. THE SENDAYAN TECH VALLEY NEGERI SEMBILAN Sendayan Tech Valley (“STV”), located within Sendayan Developments, covers approximately 748 acres of prime, freehold industrial land, with a total GDV of RM1.0 bil. For FY2024, STV recorded new sales value of RM48.0 million. BANDAR SERI IMPIAN JOHOR Bandar Seri Impian (“BSI”), covering 1,209.5 acres at Kluang, Johor, nestles within an undulating contour of lush greenery and breathtaking panoramic view. BSI’s carefully designed masterplan includes a host of innovative residential and commercial properties, shopping complexes, transportation hub, government and private institutions as well as essential community features such as a mosque, school and a market. Sales of new property in FY2024 was registered at RM52.83 million (FY2023: 46.10 million). The take-up rates from the ongoing projects stood at 43.9% (FY2023: 27.0%). As at 31 March 2024, unbilled sales recorded RM36.22 million (FY2023: RM29.23 million). Bayu Biz STV Biz Impiana Damai KEY MESSAGES MATRIX CONCEPTS HOLDINGS BERHAD 48
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