The official reply from MB

Jawapan kepada persoalan mengapa Seremban masih belum di isytihar sebagai Bandaraya.
https://www.youtube.com/watch?v=Q1vKwR9-JEw

SEREMBAN, 30 NOV – Pengisytiharan Seremban sebagai sebuah bandar raya akan membolehkan Majlis Bandaraya Seremban memberikan perkhidmatan perbandaran yang menyeluruh ke seluruh daerah. Perkhidmatan yang diberikan termasuklah menyediakan kemudahan awam dan infrastruktur yang sempurna, perkhidmatan kebersihan yang efisien dan kawalan pembangunan yang terancang.

Bagaimanapun, Kerajaan Negeri Sembilan tidak mahu tergesa-gesa untuk mengisytiharkan Seremban sebagai sebuah Bandar raya. MPS dan MPN perlu memastikan asas-asas untuk menjadi sebuah bandar raya dipenuhi terlebih dahulu kerana banyak perkara yang perlu diselaraskan iaitu penggabungan majlis, sistem percukaian, sistem perparitan dan pengangkutan sebelum boleh diisytiharkan sebagai sebuah bandar raya.

Menteri Besar, Dato’ Seri Utama Haji Mohamad Haji Hasan berkata demikian ketika menjawab pertanyaan Adun Mambau berkaitan perancangan Kerajaan Negeri untuk menaik taraf MPS dan MPN bergabung menjadi Majlis Bandaraya Seremban.

“Pada ketika ini kerajaan sedang sedang menambah baik persediaan fizikal terutama dari aspek infrastruktur, penyediaan kemudahan awam yang lengkap, keceriaan bandar di Daerah Seremban dan memperkemaskan persediaan dalaman MPS dan MPN seperti perkhidmatan percukaian dan hasil, pengurusan sumber manusia, pengurusan ICT dan undang-undang kecil. Ini adalah untuk memastikan pengisytiharan Seremban sebagai bandar raya kelak akan membawa kesejahteraan kepada penduduk Daerah Seremban,” jelasnya.

Oleh SALAWATI HARIS Foto DUDI AZIZ

http://n9kini.com/?p=215021

Here is what Matrix's plan for BSS based on their IPO Prospectus in 2013:

Within Bandar Sri Sendayan township, there will be
1)schools and kindergarten,
2)police station and beat houses for police taskforce patrol services,
3)fire department,
4)petrol station,
5)mosque and surau,
6) supermarket and shopping centres,
7)medical centre and health clinic,
8)multi-purpose hall,
9)a 26-acre green park as well as
10) clubhouse with various sporting and recreation facilities as well as
11)pedestrian-friendly walkways and pavements,
12) landscaping,
13) fibre-optic backbone to cater for high speed broadband as well as
14) access roads linked to highways and surrounding areas.

How much they have achieved from 2013 to 2015?

I think for

2)police station and beat houses for police taskforce patrol services
Police station not yet but 3 beat houses and patrol van available.
http://www.mchb.com.my/images/news/sinar270414.jpg


耗85万缔安全居住环境 金群利建警亭购警车---RM850,000 spend by Matrix for beat houses and police patrolling van in BSS
http://www.mchb.com.my/images/news/sinchew270414.pdf

11)pedestrian-friendly walkways and pavements,
12) landscaping,

Already done/continue doing

This post has been edited by BSS30112015: Feb 24 2016, 05:51 PM

In case need to search for information here the detail for Elvina

HIJAYU 3B - ELVINA

No. Lesen Pemaju: 10613-22/05-2017/0354(L)
Tempoh Sah: 06.05.2015 - 05.05.2017
No. Permit Iklan: 10613-22/05-2017/0354(P)
Tempoh Sah: 06.05.2015 - 05.05.2017
Hakmilik Tanah: Kekal
Bebanan Tanah: Tiada
Pelan Bangunan Diluluskan oleh: Majlis Perbandaran Nilai
No. Rujukan: MPN 431/1955/2014/2
Tarikh Dijangka Siap: June 2017
Elvina (RTDT-A) - 143 Unit, RM559,888 (Min) - RM1,125,088 (Max)
Elvina (RTDT-B) - 190 Unit, RM559,888 (Min) - RM1,083,638 (Max)
Sekatan-Sekatan Kepentingan: Tanah yang diberimilik ini tidak boleh dipindahmilik, dipajak, digadai melainkan dengan kebenaran bertulis daripada Pihak Berkuasa Negeri.
All renderings contained in this advertisement are artist's impressions only. The information contained herein is subject to change without notification as may be required by the relevant authorities or developer's project consultant. Whilst every care is taken in providing this information, the owner, developer and manager cannot be held responsible for any variations. For avoidance of doubt on the specifications, please always refer to the Sale and Purchase Agreement.

http://www.1sendayan.com/apdl.html

Some info on Suriaman & Fellona for your information.

HIJAYU 3 - FELLONA
No. Lesen Pemaju: 10613-24/12-2017/01091 (L)
Tempoh Sah: 19.12.2015 - 18.12.2017
No. Permit Iklan: 10613-24/12-2017/01091 (P)
Tempoh Sah: 19.12.2015 - 18.12.2017
Hakmilik Tanah: Kekal
Bebanan Tanah: Tiada
Pelan Bangunan Diluluskan oleh: Majlis Perbandaran Nilai
No. Rujukan: MPN 431/2089/2015/2
Tarikh Dijangka Siap: Oktober 2017
Fellona 1 (RTDT-A) - 213 Unit, (RTDT-A1) - 18 Unit, RM628,888 (Min) - RM1,338,848 (Max)
Fellona 2 (RTDT-B) - 163 Unit, RM628,888 (Min) - RM1,277,528 (Max)
Sekatan-Sekatan Kepentingan: Tanah yang diberimilik ini tidak boleh dipindahmilik, dipajak, digadai melainkan dengan kebenaran bertulis daripada Pihak Berkuasa Negeri.


SURIAMAN 3 - ELFORA & ELFORIX
No. Lesen Pemaju: 10613-23/06-2017/0510(L)
Tempoh Sah: 05.06.2015 - 04.06.2017
No. Permit Iklan: 10613-23/06-2017/0510(P)
Tempoh Sah: 05.06.2015 - 04.06.2017
Hakmilik Tanah: Kekal
Bebanan Tanah: Tiada
Pelan Bangunan Diluluskan oleh: Majlis Perbandaran Nilai
No. Rujukan: MPN 431/2024/2015/2
Tarikh Dijangka Siap: Sept 2017
Elfora (RTDT-A) - 146 Unit, (RTDT-A1) - 14 Unit, RM563,888 (Min) - RM1,200,748 (Max)
Elforix (RTDT-B) - 207 Unit, (RTDT-B1) - 18 Unit, RM563,888 (Min) - RM1,052,568 (Max)
Sekatan-Sekatan Kepentingan: Tanah yang diberimilik ini tidak boleh dipindahmilik, dipajak, digadai melainkan dengan kebenaran bertulis daripada Pihak Berkuasa Negeri.

Based on post #716 by Alvin Heng:

Balista owner here, rest assured there are minor defects only. Matrix came within 2 weeks to rectify the problem. Some other issues like doors unable to close properly have yet to be rectified due to sub-contractor. Spoken to neighbours and all, no major problems, some tiny cosmetic cracks on wall which is quite okay.

Post #717
However, water pressure is a bit of a concern, below average for toilet sink as all the toilets are using the supply from the tank. The rest (kitchen sink and washing machine water pressure is great)

So far only one responded, BSS buyer seem not so keen on Lowyat.

This post has been edited by BSS30112015: Apr 14 2016, 09:26 AM

Ya, most analyst still recommend to buy Matrix, mainly the performance of BSS.

Earnings Drivers:
Focusing on township development.
Matrix’s flagship Focusing on township development projects – Bandar Sri Sendayan (BSS) in Seremban, Negeri Sembilan and Taman Seri Impian (TSI) – continue to be well received by property buyers despite the challenging property market. BSS will continue to be the main earnings driver for Matrix as the township contributes more than 80% of its revenue. Property sales at BSS have been growing from strength to strength, largely attributable to the healthy demand for landed properties within township developments that provide a holistic living environment.

2016 forecast EBIT Margin for industrial land & property development is 60% & 37.5% respectively however clubhouse and Matrix Global Schools is -16.7% and -134.6%. I tot private education is a lucrative business, may be initial investment is too high. Luckily, their portion is very minimum in term of Matrix's total profit.

http://mchb.investor.net.my/wp-content/upl...erty_160412.pdf

This post has been edited by BSS30112015: May 12 2016, 12:47 PM

Matrix will announce their Q5 results on 19 May 2016, let see how they fare in this bad market.

This post has been edited by BSS30112015: May 13 2016, 08:31 AM

Glad that Q5 revenue and profit better than Q4 2015 RM211m vs RM141m and RM70m vs RM49m respectively (Note B2), it show BSS still on demand

http://www.bursamalaysia.com/market/listed...cements/5096165

This post has been edited by BSS30112015: May 19 2016, 06:38 PM

Just wait for their presentation slides to see more details, to go back the heyday of Q12015 Matrix need to sell industrial lots.

This author share the similar view me instead of comparing result of Jan-Mar 2016 with Jan-Mar 2015, this is more appropriate to compare with the immediate quarter ie Oct-Dec 2015 as Q4 and Q5 market sentiment is similar. Matrix's Earning per share (EPS) improve three quarter in a row, this is impressive at this bad market. EPS increase mean BSS's still in demand

不过，盈利方面个人倒不认为和去年同期比较有很大的参考价值，毕竟当时是有点不寻常的单季表现，加上是房产业从高峰期滑落的转折点，所以直接比较的话会显示很大的落差，而个人认为目前市场情绪也已经逐渐消化了房产业滑退的趋势，所以从今年第二季开始看待骇客的盈利变化会是比较能够反映出现状的做法:

Q2'16~EPS 6.5仙
Q3'16~EPS 5.9仙
Q4'16~EPS 6.7仙
Q5'16~EPS 8.6仙（刚出炉的最新一季)

可以见到，近三季盈利都显示进步的表现，在这种时期是难能可贵的。目前公司主要还是把目光集中发展芙蓉的产业，是可以期待的一个地区。如果未来的每季盈利可以保持在8仙左右，一年就有32仙，以RM2.50股价计算，PE 7.8左右。

http://mercurychong.blogspot.my/2016/05/blog-post_66.html

This post has been edited by BSS30112015: May 20 2016, 12:01 PM

Based on the presentation slides for Q5 & Q4
http://mchb.investor.net.my/wp-content/upl...inal_160520.pdf

Elvina (Hijayu 3B) take up rate increased from 92% to 96% for quarter ended 31/3/16 ie additional 13 units sold. 320 out of 333 units sold since it launched in Q2 2015.

Suriaman (phase 1 & 2) take up rate increased from 58% to 73% ie additional 58 units sold. 281 out of 385 units sold since it launched in Q3 & Q4 2015.

Fallona (Hijayu 3 phase 1&2) take up rate increased from 13%(phase 1 only) to 51%, 120 out of 235 units sold since it launched in Q4 2015 & Q5 2015/2016.

Well done

Based on Matrix 30/9/2016 presentation slides both 330 units Elvia & 50 units Metro Park shop lots has been 100% sold.
Notice that Matrix wrongly stated Elvia completion year as 2018, it should be 2017 instead.

Besides that 98% of 385 units Suriaman 1 (Phase 1 &2), 97% of 64 unit Elymus, 95% of 21 units Suriaman Biz, 88% of 163 units Merchant Square 1, 76% of 124 units Suriaman 3, 59% of 232 unit Suriaman 2B, 56% of 339 units Fellona etc has been sold and will be VP in 2017/2018. Assume all remaining units sold and 30% occupancy rate for residential with 4 to 5 in a family by end of 2018, at least 2,000 residents will be moved to BSS.

Let not forget 1,500 air force personnel (7,500-8,000 if include family members) will be moved in stages during 2017 & 2018.

Plus existing Nusari & earlier Hijayu residents of approximately 30,000. By end of 2018 BSS should have at least 40,000 residents, the critical mass for a vibrant township achieve within 8 years from the first VPed of Nusari Bayu 1.


This post has been edited by BSS30112015: Nov 24 2016, 08:28 AM

Kepo a bit, pleasantly found that Dato Lee & his family actually bought 4 units of Elvina (PT9102-9105) face direct to main road and d'Tempat Country Club.


 Dato_Lee_buy_Elvina_facing_club_house.pdf ( 978.79k ) Number of downloads: 120


This post has been edited by BSS30112015: Nov 27 2016, 03:23 PM

The show unit is Lot 9092




This post has been edited by BSS30112015: Nov 26 2016, 05:31 PM

Ya you are right, I saw wrongly paiseh

https://forum.lowyat.net/uploads/attach-95/...-1438224777.jpg

This post has been edited by BSS30112015: Nov 28 2016, 10:17 AM

Is Suriaman 3 show unit PT 6733?,
https://2.bp.blogspot.com/-46Vp-lwlM5s/VnLV...3_site_plan.jpg

It was acquired recently by Matrix's box wife Datin Yong for RM1.21m & she also purchases Fellona's PT9597 for RM1.3m
http://disclosure.bursamalaysia.com/FileAc..._GA_ATTACHMENTS

https://forum.lowyat.net/uploads/attach-95/...-1451318734.jpg

Matrix's directors really confident with company's products, another purchases from family of the director announced yesterday

1)
Purchasers:
Dato’ (Ir) Batumalai A/L Ramasamy and Kumaresh A/L Batumalai

Nature of relationship:
Kumaresh A/L Batumalai is the son of Dato’ (Ir) Batumalai A/L Ramasamy, the Independent Non Executive Director of MCHB

Description:
SPA dated 24 November 2015 for the sale of 1 unit of double storey semi-detached house known as Hijayu 2 – Resort Homes (Elymus 1) located on H.S.(D) 214082 PT11116, in Bandar Sri Sendayan, Negeri Sembilan measuring 5,000 sq ft.

Selling price:
RM1,408,888.00


2)
Purchasers:
Navin Kumar A/L Batumalai

Nature of relationship:
Navin Kumar A/L Batumalai is the son of Dato’ (Ir) Batumalai A/L Ramasamy, the Independent NonExecutive
Director of MCHB

Description:
SPA dated 30 November 2016 for the sale of 1 unit of shop office known as Sendayan Merchant Square located on H.S.(D) 209423 PT8317, in Bandar Sri Sendayan, Negeri Sembilan measuring 184 sq meter.

Selling price:
RM1,188,800.00

http://www.bursamalaysia.com/market/listed...cements/5277077

房產銷售達7億令吉 very misleading people thought this is revenue RM700 million

But this is unbilled sales.

When Matrix talk about RM1 billion, they refer to revenue not unbilled sales

Hehe PT11116 is just next to the show house (PT 11117, 7,911 sft RM2.14m) which has been acquired by Dato Lee & his mother in Sept 2015.

http://www.bursamalaysia.com/market/listed...cements/4874561