Matrix Concepts, the master developer for the massive Bandar Sri Sendayan development in Negeri Sembilan, has big plans for the next 12 months, even as the property landscape turns harsh.
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01:13 - Make our basin here.
01:15 So as for today is how I can say that we have developed,
01:19 talking about I think some 5,000 acres.
01:22 Without the MVV itself, we're still talking about
01:24 we are landing around 1,000 acres over here.
01:26 Now of course, by the MVV coming here itself,
01:29 they're like, you can see our long-term sustainability
01:33 and visibility in this respect for it.
01:36 This 1,382 acres itself, some of them we are planning
01:39 for those other corporate park,
01:43 and some of them for the logistics,
01:44 some of them for those industry,
01:47 some of them for those other institutions,
01:49 lifestyle, commercial area, and then this residential.
01:55 We are in the almost at the final stage
01:58 to meet all the condition precedents.
02:02 So we target all these condition precedents
02:04 we are able to make, to achieve
02:07 by first quarter of next year.
02:10 Let me say the next three, four month time.
02:12 So in terms of the funding itself,
02:15 in fact our funding all have been stand-by,
02:17 all is available now.
02:18 We managed to secure some of them from the internal fund,
02:23 some of them from the external borrowing.
02:25 Everything is in place for that.
02:27 So we target everything will be clear,
02:29 make the first submission about our planning approval
02:32 will be by Q2 or Q2 of next year.
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03:13 - For me, I don't market,
03:28 big or down itself,
03:29 they're like, we have the right proposition
03:33 in our property development,
03:34 the product proposition,
03:36 a light capital tenancy is the most important
03:39 to drive it on it.
03:40 It's a very unique industry for that.
03:42 Of course, for this coming year,
03:47 of course it will be better than the previous year for it.
03:51 All right, so,
03:53 of course, barring any unfortunate circumstances itself,
03:55 most important that those are the geopolitical tension
03:59 itself can subside down.
04:01 So then, then get itself can be further strengthened on it,
04:06 because it's ready to stay by the cause,
04:08 because any cause increase,
04:09 the price increase,
04:10 will translate to higher concession costs.
04:13 For me, all this,
04:14 I call it fair, I know so much already.
04:16 The bigger chance that government,
04:19 the final city itself,
04:22 they're like, we have to work hand in hand
04:23 to accelerate, to expand the economy,
04:26 to create more economic activities on it.
04:31 I see for those are the high income economy.
04:35 I think this transformation need to be fast enough on it
04:40 to catch up for that.
04:42 In the metric itself,
04:44 we, for the coming itself,
04:46 that we still maintain our silent growth
04:49 compared to the visiting year itself.
04:52 In terms of the venue,
04:54 probably more emphasis that you're talking about
04:57 our bottom line, the profit after they saw it.
04:59 So I mean, say for the coming,
05:02 for this final city itself,
05:03 we believe that it will be better than last year.
05:06 It's a must for it.
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