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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Marrying financial heft with property expertise

Tycoon Tan Sri Quek Leng Chan, through his Singapore-listed vehicle GuocoLand Ltd, has agreed to take a 27% stake in Eco World International Bhd’s (EWI) initial public offering (IPO), slated to take place by March next year.

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Pavilion REIT casts an eye over greenfield projects

Pavilion Real Estate Investment Trust (PavREIT) may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects.

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S P Setia is No 1

PETALING JAYA (Oct 31): S P Setia Bhd is back as the Malaysia's top property developer having clinched the No 1 spot of The Edge Malaysia Top Property Developers’ Awards (TPDA) 2016.

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