Wednesday, September 1, 2010

EPF to invest RM4.88bil in UK properties -

EPF to invest RM4.88bil in UK properties -

PETALING JAYA: The Employees Provident Fund (EPF) will invest £1bil (RM4.88bil) in properties in the UK, the pension fund said in a statement yesterday. (Guess is because UK pound exchange rate is very attrative now and the property price is relatively cheaper then previous...)

“The stable and highly liquid UK property market underlies the rational behind the move,’’ it said.

The EPF said that although it had a policy to pursue overseas investments, the fund is also “aggressively exploring the market” in Malaysia. (With EPF fund size, easily can purchase dunno how many blocks of condo or how many taman(s) at one shot...goreng goreng ...)

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