Matrix To Acquire Kulai Land For RM169 Million, Plans RM2.1 Billion GDV Project
Matrix Concepts Holdings Bhd will acquire 432 acres in Kulai, Johor, for RM169.31 million. The land will be used for a mixed development with a GDV of RM2.1 billion. Matrix Concepts' subsidiary entered into a sale agreement for the land. The project is planned for the acquired land.
What it means for buyers, tenants and investorsBuyers of Matrix Concepts' projects in Johor can expect new options with the upcoming mixed development in Kulai.
What it means for Japanese buyers
Matrix Concepts buys 432 acres in Kulai, Johor, for RM169.31 million.
Japanese buyers can expect new options in Johor with the upcoming mixed development.
The project's RM2.1 billion GDV may include properties above the minimum purchase price for foreign buyers in Johor.
Buyers should check the minimum purchase price and consent requirements with the Johor state authority.
Written by AI from the original headline and summary and from published rules. Check figures and conditions with the original report and official sources. This is not investment advice.
Key facts
| Companies | Matrix Concepts |
|---|---|
| Areas | Johor |
| Section | New projects |
| Date | |
| Source | Business Today ↗ |
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