KUALA LUMPUR: A special housing scheme will be introduced to enable senior citizens and those without permanent or fixed income to buy houses.

Federal Territories and Urban WellBeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said his ministry were in discussions with the Housing and Local Government Ministry to introduce the scheme to facilitate such purchases.

GEORGE TOWN: The affordable quality housing programme launched under a public-private partnership initiative for urban centres, particularly the Klang Valley, is to be extended to the whole country, Deputy Prime Minister Tan Sri Muhyiddin Yassin said on Sunday, May 29.

Serviced office and residence provider The Nomad Group Bhd aims to boost its office space inventory by 20% to 295,080 sq ft and serviced residence room inventory by 35.6% to 1,000 by the end of this year.

Solid fundamentals pave the way for growth

Singapore is turning out to be an exciting place for Selangor Dredging Bhd’s (SDB) growth. The developer is embarking on its third project in the island republic, a mixed-use development called OKIO on Balestier Road in central Singapore.

KUALA LUMPUR: UOA Development Bhd's institutional price has been fixed at RM2.60 and the final retail price at RM2.52.

At RM2.52, this was below the indicative retail price of RM2.90.

CIMB Investment Bank Bhd said on Friday, May 27 the price was fixed following the completion of the book-building under the institutional offering on Thursday.

ALOR SETAR: The Kedah Licensed Auctioneers Organisation today launched a website to enable buyers and real estate agents select properties for bidding at public auctions.

Its president Syed Md Hazir Syed Noor said lelongharta.com list properties auctioned at courts, land offices or venues specified by auctioneers.

PHNOM PENH: A well-known local firm, Overseas Cambodia Investment Corporation (OCIC), said on Friday, May 27 that the firm has received approval-in-principle from Prime Minister Hun Sen to develop a new satellite city in Phnom Penh's Chroy Changvar peninsula.

SHAH ALAM: Glenmarie Properties Sdn Bhd (GPSB), a wholly-owned subsidiary of DRB-Hicom Bhd, has collaborated with Bank Muamalat Malaysia Bhd (BMMB) to develop a home financing package called, "Glenmarie-Muamalat Home Ownership Made Easy (H.O.M.E).

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) could be selected to undertake the development of the Rubber Research Institute (RRIM) land in Sungai Buloh, Selangor.

"We believe this will be an upside catalyst for MRCB," OSK Research Sdn Bhd said in a research note on Friday, May 27.