Space Residency targets investors with Own Your Space campaign

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(From left) Kok, Chan, Yeo, Wong, Chin and Chong taking a group photo at the launching ceremony.

(From left) Kok, Chan, Yeo, Wong, Chin and Chong taking a group photo at the launching ceremony.

JOHOR BAHRU: Johor-based property developer Linbaq Holding Sdn Bhd's maiden project Space Residency has launched a campaign targeting property investors who want to expand their property portfolio. Called Own Your Space, participants of this campaign can enjoy buyer incentives and financing packages, coupled with a real estate one-stop investment plan.

In collaboration with Affin Bank, Space Residency is offering an exclusive loan financing package with lower monthly repayment for the first five years upon vacant possession. Property investors may also take this opportunity to enjoy lower interest rates. The main highlight is to introduce Space Residency’s latest investment concept called Space Resort, a one-stop hotel management and rental services investment plan.

In the initial phase, Linbaq Holding will offer a limited selection of 100 three-bedroom units to eligible property investors participating in this project. Space Residency’s public launch of Own Your Space is well-timed to enter the current market, as Malaysia’s economic sectors open up, said Linbaq Holding chief executive officer Datuk Wira Ling Kah Chok.

“We hope that this property purchase and investment campaign will enable property owners to buy and own a property with ease and simultaneously spur the property market back to healthy levels again,” he said. Since the launch of Space Residency in 2019, the company has achieved a take up of more than 80% for the non-Bumiputera lots, said Linbaq Holding chief operating officer Brendon Yeo. 

Moreover, it has managed to convert the Bumiputera lots into international lots and reduced the minimum purchase threshold for foreigners from RM1mil to RM600,000, he said. Space Residency is a mixed-use development project that comprises residential, commercial, recreational, entertainment and tourist elements. One of its attractions is Taiwan’s Carton King Theme Park and Novotel has been confirmed as the hotel operator.

Also present at the recent launching ceremony of the campaign were Affin Bank mortgage business managing director Jessie Wong, strategic alliance director Kelvin Chin and southern hub mortgage sales director Alison Chong and Linbaq Holding chief finance officer Lawrence Chan and sales director Grant Kok.


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