KUALA LUMPUR: The Employees Provident Fund (EPF) raked in a profit of RM46mil through the sale of six retail assets in the Klang Valley and Johor, the Dewan Rakyat was told.
Deputy Finance Minister Datuk Seri Ahmad Maslan said assets sold in the Klang Valley were grocery retail outlet buildings in Bandar Kinrara, Putra Heights, USJ, Klang and Ulu Klang.
In Johor, a retail outlet building in Plentong was sold.
“The assets were sold to Sunway Real Estate Investment Trust (Sunway REIT), of which EPF has a 15.24% ownership. This means the assets are not completely lost.
“There are also plans to sell an asset in Kelana Jaya to a government-linked corporation,” he said in response to Datuk Ahmad Amzad Mohamed (PN-Kuala Tererenganu) during Parliament Question Time yesterday.
Ahmad added that EPF’s total assets stood at RM1.3tril, making it the richest government agency.
He said EPF also has property investments both domestically and internationally.
“Domestically, it has assets worth about RM11bil comprising EPF buildings at the headquarters and all states.
Internationally, EPF has assets worth about RM30bil, with half of it in the United Kingdom.
“One of the biggest property investments would be the Battersea Power Station,” he said in response to a supplementary question by Jimmy Puah Wee Tse (PH-Tebrau) on EPF’s domestic investments.
