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EPF records RM67m in returns from real estate investment

KUANTAN: The Employees Provident Fund (EPF) recorded RM67.29 million in returns in the third quarter of this year from its investment in real estate.

Describing it as an encouraging figure, EPF chairman Tan Sri Samsudin Osman said EPF had now invested RM1.89 billion or 0.44 per cent in real estate out of its total investment of over RM420 billion.

He said as a fund aimed at providing financial security for its contributors upon retirement, the investments were made carefully by EPF to avoid losses in the long run.

"The main objective of EPF is to give reasonable returns from its investments which will be translated into good dividend rates for contributors' savings," he said at the official opening of the Pahang EPF building by the Sultan of Pahang Sultan Ahmad Shah here on Thursday, Dec 9.

The building — in Indera Mahkota — cost RM12.85 million to build.

Construction of the building on a 1.6 hectare site began in 2004 and it became operational in July 2006, housing a number of government departments including the Pahang Survey and Mapping Department, State Health Department and State Works Department.

Samsudin said Pahang EPF now served 168,000 contributors with savings amounting to RM5.27 billion. — Bernama
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