EPF sheds light on UK property sale

MRCB

PETALING JAYA: The Employees Provident Fund (EPF) has denied that the decision to sell its property investments in Britain was linked to the call by the Government for government-linked investment funds to liquidate their foreign assets and bring the money back to help strengthen the ringgit.

The fund decided to put the properties on sale because it felt the prices of the properties had peaked and it was time to reap the profits.