Matrix Concepts expands its presence in MVV2.0

From left: NS Corp CEO Norazhar Musa, Negri Sembilan Mentri Besar-cum-NS Corp chairman Datuk Seri Utama Aminuddin Harun, Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock and Matrix Concepts group managing director Ho Kong Soon.

PETALING JAYA: Matrix Concepts Holdings Bhd is expanding its presence in the Malaysia Vision Valley 2.0 (MVV2.0) project through a new land development agreement with NS Corp, valued at RM435.6mil for 1,000 acres.

This follows the company’s previous acquisition of 1,382.2 acres for RM460mil in August 2022 from NS Corp, bringing their total land holdings in MVV2.0 to 2,382 acres.Located in Mukim Labu, Seremban in Negri Sembilan, the land is expected to boast a sustainable township fostering community and economic growth with an anticipated gross development value (GDV) of RM12bil over 12 years.