An increase in the withdrawal limit for the Employees Provident Fund Account 2 (to 30 per cent of a subscriber’s EPF account) will help increase home ownership substantially and boost the property market, said Kenanga Investment Bank Bhd.
“But such actions may require long-term studies by the fund due to long-term repercussions on future retirees,” Head of Economic Research Wan Suhaimie Wan Mohd Saidie said in a slide presentation at the Malaysian Property Summit Mid-Year Review 2016 here Wednesday.
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