Matrix Concepts is planning their first project in Kuala Lumpur, on a 1.1-acre freehold land they purchased in 2013 near PWTC and Sunway Putra Mall. The site is located at Jalan Ipoh Kecil, which is accessible via Jalan Putra, and within walking distance of PWTC LRT station and Chow Kit Monorail station. The area is surrounded by condominiums, hotels, shop-offices, office buildings and shopping malls.
The development will feature a 34-storey serviced apartment with total 539 units and F&B at ground floor. Originally slated to launch in 2015, the project has been postponed and redesigned due to weak market sentiments.
Developer: Matrix Concepts (Central) Sdn Bhd
Lot no: Lot 1191 & 1637, Jalan Ipoh Kechil, Sseksyen 46, Mukim Bandar Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Land area: 1.1-acre
Change of zoning: n.a
Status: Latest Development order submitted on 3 August 2016
1. Land purchased from Chong Hoe Realty Sdn Bhd for RM43.6 mil (RM910 psf) on 24 Dec 2013
2. Estimated GDV = RM400 mil
Serviced Apartment/34-storey/539 units
Facilities podium at Level 10
Retail area 1-storey