AmBank Group has granted an RM512 million financing facility to Matrix Concepts Holdings Berhad to facilitate the development of 1,382.2 acres of prime housing landbank in Malaysia Vision Valley 2.0 located between Selangor and Negeri Sembilan.
The development which is a joint venture between subsidiary N9 Matrix Development Sdn Bhd, a subsidiary of Matrix Concepts Holdings; and the Negeri Sembilan state-owned company, NS Corporation is estimated to deliver a gross development value (GDV) of RM 7 billion. Malaysia Vision Valley 2.0 will be developed within the next 10 years and is being primed to be a world-class metropolis that is competitive and inclusive with a strong emphasis on using clean technology.
Dato’ Mohamad Haslah Mohamad Amin, Chairman, Matrix Concepts Holdings Berhad, highlighted, “With the finalization of these financing facilities, we are now well-positioned to direct our full attention towards delivering a vibrant, safe, and community-driven township while fulfilling our aspiration as a provider of quality homes at attractive prices. This undertaking will serve as a pivotal growth catalyst for Matrix Concepts, solidifying our standing as a prominent township developer while simultaneously empowering us to advance the socio-economic landscape of the communities we are dedicated to.
