PR1MA loan applicants’ Account 2 to be ring-fenced

KUALA LUMPUR (Nov 1): The Employees Provident Fund (EPF) said applicants of the “step-up” end-financing scheme for the 1Malaysia People’s Housing Programme (PR1MA) — which was announced in Budget 2017 — will not be able to make any other withdrawals from their EPF Account 2, at least not until their PR1MA loan is settled.

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On ways to lift the market

Continues from: On bringing down property prices ‘No more goose that lays the golden egg’ Tan (pictured): Right now we have many properties unsold in certain sectors.

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‘EPF funds should only be used for retirement’

KUALA LUMPUR (Oct 20): Prominent financial adviser Yap Ming Hui (pictured) said he opposes the proposal to allow first-time homebuyers to withdraw more funds from their Employees Provident Fund (EPF) savings to finance their purchases as this would encourage bad personal finance management habits.

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