Property developer, Matrix Concepts sets RM1.8b FY2027 sales target
PROPERTY developer Matrix Concepts Holdings Berhad enters the financial year ending 31 March 2027 with strong confidence in its next phase of growth, supported by the resilience of its core developments, an increasingly diversified portfolio and a gr...
Matrix Concepts Holdings Berhad, a property developer, has set an ambitious sales target for the financial year 2027, projecting RM1.8 billion in new property sales. This figure marks an increase from the RM1.5 billion achieved in the previous year. The target is a testament to the company's growth strategy, which includes expansion into new geographical areas and diversification into complementary businesses.
The chairman of the group, Datuk Mohamad Haslah Mohamad Amin, highlighted the strong performance of FY2027 early indicators, with a 11.0% year-on-year revenue growth in the first quarter alone to RM315.6 million and a 9.2% increase in new property sales to a record RM416.7 million. He also noted that the target takes into account the scale of the company's developments, its growing footprint, and the launch pipeline of new projects.
The Group's strategy to diversify its earnings beyond property development is also proving fruitful. In Australia, for instance, the conversion of M333 St Kilda into a build-to-rent asset has established a recurring income stream. The healthcare business is also progressing, with plans for the launch of Matrix Medical Centre Sendayan in 2027 and the construction of a 130-bed Nursing Care Centre.
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