Jeffrey Ng: Malaysian real estate investment trusts (M-REITs) may be one of the complementary solutions to help build long-term household equity and savings for Malaysians.
ACCORDING to the Employees Provident Fund (EPF), over 50% of contributors above the age of 54 have savings of below RM50, 000.
Considering that the average household expenditure in Malaysia is RM4, 534 per month, even if retirees were able to significantly reduce their expenditure to a stringent budget of RM500 per month (with 2% per annum long-term inflation rate), this means that over 50% of EPF contributors can only survive on their savings for 10 years.
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