WHAT’S NEW
Record-high unbilled sales 2QFY17 results within expectation:

Matrix’s 2QFY17 headline net profit of RM46.5m (-11% q-o-q, +49% y-o-y) was in line with consensus and our estimates.

Meanwhile, 2QFY17 revenue came in at RM225m (+15% q-o-q, +85% y-o-y), contributed by progress billings from its township developments as well as the sale of industrial land worth RM18.9m. Nevertheless, net margin was weaker at 20.7%, compared to 26.5% in the Jun 16 quarter and 25.6% in the Sep 15 quarter


Matrix has bucked the trend with record high property sales at its two flagship projects, Bandar Sri Sendayan (BSS) in Seremban and Bandar Sri Impian (BSI) in Kluang, despite the relatively weak market sentiment.

BSS remains its jewel in the crown given the low average land cost of RM7psf (with infrastructure in place) when its affordably-priced properties are already selling at ~RM200psf, leading to significantly higher-than-average profit margins.

This unrivalled competitive advantage will make Matrix the best proxy to pure township developments which are set to
outperform in this challenging market. The new air force training base at BSS is expected to be completed by mid-CY17
which will then accommodate an additional ~1,500 personnel, further improving the vibrancy of the sprawling township.


http://mchb.com.my/wp-content/uploads/Matr...eDBS_161116.pdf

This post has been edited by BSS30112015: Nov 17 2016, 09:36 AM

80% take up rate in general, even the most expensive semi D also achieved 97%!

RM421m revenue for the first half, on the way to reach RM1 billion revenue for year ending 31 March 2017




This post has been edited by BSS30112015: Dec 1 2016, 09:44 AM

Oh my goodness

POOR QUALITY OF HOUSING PROJECT at the earlier phase of Bandar Sri Sendayan by the Matrix Concepts Holdings Berhad as developer has made the residents there not able to have a good sleep during the heavy raining days. As a results of rains at yesterday nights, a lot of houses having their roofs leaked and water just entering the houses and damaging their furnitures.

Residents of Nusari complaint that the developer is not serious in providing permanent solution as the same roof leaking problem happens and happens again every year.

We hope the developer take this issue seriously!!!
Info: Residents of Bandar Sri Sendayan.

https://www.facebook.com/sp.serembanpropert...691705787663620

Average 175 acres land developed per year from 2008-2015, if based on this pace BSS land will be fully developed by year 2022 or 2023





Pipeline launch in 2016 RM982.9m, very brave move in this soft market
anyway do improve the workmanship as Nusari series defects may slow you down.






Very transparent company, very seldom property developer is so transparent in Malaysia give so much detail to outsider.





This post has been edited by BSS30112015: Nov 18 2016, 04:52 PM

WoW! Nice insight

Matrix set to gain from key presence in Malaysia Vision Valley
http://www.nst.com.my/news/2016/11/190440/...lyst-matrix?d=1

The MVV project, covering 108,000ha from Nilai to Port Dickson, is aimed at drawing domestic and international investments with priority for high-technology industries, private universities and research labs and tourism ventures.

Matrix’s projects in Negri Sembilan include Bandar Sri Sendayan which consists of residential and commercial properties, Sendayan TechValley and Matrix Global School. The industrial cluster, Sendayan TechValley, has attracted more than RM4 billion worth of foreign direct investments. Matrix is expected to launch more projects in Negri Sembilan this year.

On its performance for the full year ending March 2017, Lee is confident it could exceed its RM1 billion sales target as it focuses on the affordable property market.

“We had exceeded our sales target as at September 30 by more than 15 per cent. We should be well on track to at least meet our RM1 billion target by end of our financial year.

Any concrete news on MVV? so far didn't heard nothing yet wo

This post has been edited by BSS30112015: Nov 22 2016, 04:24 PM

MVV is a public-private partnership project covering up to 152,566ha ( I thought 108,000 ha ) over 30 years. It is expected to generate investments of more than RM417.6 billion by 2045.

“We need to start off with something (industrial parks) that would spur the development. Then, we will bring in education city, sports culture as well as well-planned townships,” he said.

The government is expected to spend some RM6 billion in initial infrastructure works, while the larger sum will be poured in by the consortium of Sime Darby Bhd, Employees Provident Fund and a third party which is still being finalised.

http://www.nst.com.my/news/2016/10/180825/...t-sime-fortunes


But there was no mention of Malaysian Vision Valley infrastructure roll-outs in Budget 2017
Hope MVV start rolling after Budget 2018

HSR+MVV, BSS buyer please hold it long enough to enjoy the enormous potential/benefits.



KL's ambitious Vision Valley mega project
http://www.straitstimes.com/asia/se-asia/k...ey-mega-project

The numbers mentioned by government officials and private sector executives involved in the planning are staggering; Kuala Lumpur is hoping to draw more than RM400 billion (S$132 billion) in investments by 2045 into the economic region. That is more than double Malaysia's other major economic zone Iskandar has so far attracted, despite being at Singapore's doorstep.

...the launch of the Malaysia Vision Valley masterplan will happen some time next April in the run-up to the general election expected in the second half of next year.

This post has been edited by BSS30112015: Nov 22 2016, 05:09 PM

Besides this, i just heard there is one government project is under construction in BSS called Hijayu Aman, develop by government for government staff house residency

I saw some project going on next to Air Force Training Academy, left hand instead of go straight on top of tunnel, is it that one?

But Matrix's own presentation slide also got one project called Hijayu Aman 37 acres 360 units double storey link houses

Yes i think it is




Attached thumbnail(s)

And what happen to this one

International University College of Nursing (IUCN)

really pity those Residents

others housing okay right? no such leaking problems?

Based on feedback from Balista & Castora owner, their unit has no leaking problem, I think Matrix has solved this problem in Hijayu series. Nusari series I believe is after warranty period but heard that Matrix still committed to help..

oh good to know..

if still have problems on later phase. then I'm speechless towards Matrix

My friend got house in nusari aman, he is very frustrated. And i owner of balista, satisfied so far, heard that Hijayu house is good compared to the old phase

This post has been edited by ron4: Nov 23 2016, 05:22 PM

Leaking really a headache understand from forum that Tropicana Heights and Ecohill, both from Semenyih and premium developer Tropicana & SP Setia also got such problem. Hope Matrix won't let me down

Wah!! It seem quite a lots chinese resident here has own house in bss. Can we organize event for us can lepak2 or yam cha watch WC2018 once suriaman done? Lol

Santa Claus coming to town.

300 ft Christmas street


Snow show and fire works besides variety activities


Nice photos but some stuff not tied with their website's information

If they want to progress further They must learn from experience and not make the same mistake. Otherwise who will continue to buy their properties?