With effect from 1 Jan 2008, EPF members can make monthly withdrawals from Account II (equivalent to 30% of total EPF contribution) to finance the loan repayments on one house. This will potentially unleash almost RM9.6 billion annually for home purchases. RM9.6 billion is more than double the amount of Malaysia’s residential property stock overhang, which is estimated at RM4.2 billion. For more information , you may want to read the article from The Edge Daily .
Oct 6, 2007
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1 comment:
hope this will reduce the NLP's
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