chairman’s statement In Malaysia, these global headwinds were felt acutely. Rising inflaঞon, shrinking incomes, and increased costs of raw materials placed pressure on households and businesses alike. Notwithstanding the external pressures, Malaysia’s economy proved its business agility, recording a stronger growth in 2024, expanding by 5.1% (2023: 3.6%) on the back of robust domesঞc demand with strong investments, as well as a rebound in exports. The country’s sound financial system also provided a strong buffer against the effects of volaঞle global financial markets. Likewise, the Malaysia property market demonstrated remarkable resilience, with a total of 420,545 property transacঞons worth RM232.30 billion recorded in 2024, reflecঞng a 5.4% increase in volume and a 18.0% increase in value compared to 2023 (399,008 transacঞons worth RM196.83 billion). Government iniঞaঞves such as the MADANI Economy Framework, the Twel[h Malaysia Plan, and targeted measures like stamp duty exempঞons for first-ঞme homebuyers conঞnue to provide a lifeline to the sector. Addiঞonally, Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate (“OPR”) at 3.00% further bolstered market confidence, creaঞng a stable foundaঞon for growth. Such factors above provide added assurance to the posiঞve growth of the property sector in Malaysia. DATO’ HAJI MOHAMAD HASLAH BIN MOHAMAD AMIN Non-Independent Non-Executive Chairman “The Malaysian property market demonstrated remarkable resilience, with a total of 420,545 property transactions worth RM232.30 billion recorded in 2024, reflecting a 5.4% increase in volume and a 18.0% increase in value compared to 2023.” 25 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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