PETALING JAYA: Despite lower contributions to Akaun Sejahtera following the Employees Provident Fund’s latest initiative, analysts are of the opinion that it won’t have a significant impact on the property sector.
“I think it won’t have a significant impact on the property sector because, as a buyer, you have already made plans on the down payment amount,” he said. However, he said the reduced contributions to Akaun Sejahtera may have a more adverse effect“They may have to save for a few more years ,” Lee said. He said it is entirely up to an individual whether or not to optin for an initial amount to their Akaun Fleksibel, also known as Account 3.
“While it may be necessary to cover emergencies arising from floods and unexpected events, given the lack of a system that covers such events and the low savings rate for certain segments of the population, there has to be a wayout,”he said. “If they need it immediately, perhaps an opt-in for initial loading will be an ideal choice,” he said.
Source: Real Estate Daily Report (realestatedailyreport.net)
Third Account Contributions
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