Words on the streets is that an abandoned project named Matex is going to be revive by UM Land starting Q1 2013. It consists of luxury apartment, hotel & commercial space and is located in between Jalan Wong Ah Fook and Persada International Convention Centre.
Matex Lands consist of three (3) pieces of freehold commercial land measuring in aggregate approximately 6,026.4105 square metres held under Geran 118688 Lot 1197, Geran 118689 Lot 1199 and Geran 99571 Lot 1201, Bandar Johor Bahru and District of Johor Bahru, Johor Darul Takzim.

The Matex Lands are prominently located in the Johor Bahru Central Business District (“CBD”), which is within easy access to Singapore. It is sited adjacent to Wisma LKN and opposite of Kompleks Tun Razak (KOMTAR). Notable commercial developments in the immediate surrounding include City Square, Puteri Pan Pacific Hotel, Kotaraya Shopping Complex, Public Bank Tower and Pan Global Plaza.The supply of the commercial units and serviced residences is relatively low in Johor Bahru City and the prospect of demand is encouraging especially from locals and Singaporeans.