SEREMBAN (May 17): Matrix Concepts Bhd is targeting to launch RM1.3 billion worth of projects comprising residential and commercial developments this year.

Its chief marketing officer Lim Kok Yee said the company is confident of achieving the target, despite a recent slight slump in the property sector.

“Despite the slump, we had attained our target to launch RM1 billion worth of projects last year, and we believe the sector will improve this year,” he told a press conference after a media tour at the site of Lunaria's second phase project here today.

Lim said among projects scheduled for launch this year, include Lunaria’s third phase.

“The third phase comprises 175 units of superlink houses which will be launched this July, and is expected to complete in the next two years,” he added.

Lim said the project’s first phase consisting of 129 units of superlink houses were sold out, while the second phase comprising 232 units is almost sold out with only 40 units still unsold. — Bernama