Does the 50 percent Bumiputera equity rule apply to EPF property transactions?

Question

## Yes, the 50 percent Bumiputera equity rule also applies to EPF-linked property transactions.

Accepted Answer

The updated Properties Acquisition Guidelines set the 50 per cent Bumiputera equity requirement for buyers of GLC and GLIC properties worth RM20 million and above. The scope also covers GLICs such as the Employees Provident Fund, which is why the issue was raised in connection with EPF.

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Does the 50 percent Bumiputera equity rule apply to EPF property transactions?

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