‘New EPF initiative won’t have significant impact on property sector’

PETALING JAYA: Despite lower contributions to Akaun Sejahtera following the Employees Provident Fund’s (EPF) latest initiative, analysts are of the opinion that it won’t have a significant impact on the property sector.

Economists said this was because Akaun Sejahtera, formerly known as Account 2, only saw a decrease of 5% in contributions, and it will not have an adverse effect on a person’s plan to purchase a home.