Will EPF property sales face tighter Bumiputera rules?

Question

## EPF property sales are covered by the new 50 per cent Bumiputera equity rule for GLC and GLIC properties above RM20 million.

Accepted Answer

The Employees Provident Fund is included because it is a GLIC, and the updated Ministry of Economy Properties Acquisition Guidelines took effect on November 18 last year. The rule raises the Bumiputera equity threshold from 30 per cent to 50 per cent for buyers of GLC and GLIC properties worth RM20 million and above.

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Will EPF property sales face tighter Bumiputera rules?

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