EPF may set up property trust but is in no rush.

(From Business Times (Malaysia))

Byline: Ho Siew Yee

MALAYSIA'S biggest pension fund, the Employees Providend Fund (EPF) and owner of many properties, may set up a property trust in future but is not in a rush to do so, a top official said.

Its property investment ballooned to RM1.65 billion at the end of June 2006. However, that represents only 0.6 per cent of the fund's total size of RM272.24 billion in the period.

In December 2001, property investment was worth some RM1.3 billion.

"We certainly are not looking at setting up trust funds at the moment.

But we may relook that in the future," said the EPF official, who …