chairman’s statement In December 2024, Matrix recorded a milestone with the groundbreaking for Phase 1 of the Malaysia Vision Valley City (MVV City) project in Negeri Sembilan, an ambiঞous privatepublic economic development partnership with the Negeri Sembilan state government. Envisaged as a smart and green city, MVV City is located around Seremban, Nilai and Port Dickson, Negeri Sembilan. Phase 1 covers 2,382 acres, comprising almost 1,000 acres of industrial space, 15,000 residenঞal units and a 174-acre commercial lot. Matrix holds 85% stake in the development and will be leading the 12-year development period of this RM15 billion-GDV project. This remarkable success further underscores the appeal of our offerings and the strong demand for well-designed, value-driven homes in strategic locaঞons. The Group remains commied to enhancing the value proposiঞon of its township developments by conঞnually improving ameniঞes and infrastructure to foster vibrant, communityoriented living. It is also acঞvely pursuing landbanking efforts to ensure a steady pipeline of future projects. With a total of 3,170.8 acres as of FY2025, we are well-posiঞoned to cater to development needs for the next two decades. This extensive landbank not only provides us with a solid foundaঞon for future projects but also ensures that we can conঞnue to deliver innovaঞve and sustainable communiঞes that meet the evolving needs of our customers. ENTRENCHING OUR INTERNATIONAL PRESENCE As part of our strategic expansion, we have embarked on an exciঞng journey to establish a global presence, showcasing our experঞse as a trusted property developer and construcঞon company on the internaঞonal arena. In Australia, following the successful, fully-sold M. Greenvale project in Melbourne, the Group is now focused on its third largest Australian project to date, M333 St. Kilda. This mixed-use 8-storey development, is expected to aract substanঞal interest, parঞcularly with its locaঞon near Melbourne’s iconic landmark Tribeca-style bayside suburb. With compleঞon expected in FY2026, M333 St. Kilda is a prime example of our ability to adapt to diverse markets and deliver developments that resonate with local communiঞes. In Indonesia, the Group marked a major milestone with the compleঞon of its first development, Menara Syariah in Pantai Indah Kapuk 2, Jakarta, in FY2025. This achievement has contributed significantly to boost the Group’s FY2025 performance and pave the way for its next project launch in Indonesia. With construcঞon now completed, we are opঞmisঞc about the strong take-up rate for this development, given the commercially aracঞve property sector in Jakarta. The Menara Syariah Twin Towers are more than just a building; they are a symbol of our dedicaঞon to creaঞng spaces that inspire, empower, and drive progress. Our internaঞonal ventures are not just about expanding our porolio; they are about building bridges, fostering connecঞons, and creaঞng a lasঞng impact in the communiঞes we serve. As we conঞnue to explore new markets and opportuniঞes, we remain commied to upholding the values that have defined us - quality, integrity, and innovaঞon. Groundbreaking ceremony of MVV City Phase 1, officiated by the Menteri Besar of Negeri Sembilan Menara Syariah Twin Towers, standing tall and proud in Jakarta, following its successful completion 27 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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