23 April 2015

Bandar Sri Sendayan 4.77bil Projects in Pipeline to be developed in 8 years until year 2023.

  23 April 2015


In according to the latest market analysis by Kenanga at http://www.bursamarketplace.com/index.php?ch=44&pg=158&ac=13973&bb=research_article_pdf.

The developer, Matrix Concepts Holdings who has it flagship project in Bandar Sri Sendayan still has approximately 86% of total gross development value or GDV in the pipeline.

On-going project GDV of RM770 mil while 4.77 bil GDV as Pipeline project in Bandar Sri Sendayan. The 4.77 bil GDV development is expected to be completed within 8 years or by the year of 2023.

In the reports,

In terms of launches, management is still committed to launch RM1.1b worth of projects in FY15 consisting of residential and commercial products, i.e. Bandar Sri Sendayan, (GDV:
RM670m), Taman Seri Impian (GDV: RM206m), Residency SIGC (GDV: RM229m). Out of the RM1.1b launches, approximately 58% are residential products priced close to
RM500.0k per unit excluding industrial land sales.

Risks to Our Call on Matrix Concepts:-

  • Weaker-than-expected property sales.
  • Higher-than-expected sales and administrative costs.
  • Negative real estate policies.
  • Tighter lending environments.
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Thanks for reading Bandar Sri Sendayan 4.77bil Projects in Pipeline to be developed in 8 years until year 2023.

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