Friday, June 1, 2012

EPF to fight with Chelsea to buy land

It's our contribution which makes EPF rich. Now, they want to use that money to churn more money.

The fight for the Battersea Power Station land has intensified as the bidding process begins in what has been described as the United Kingdom’s longest property development saga.

The report, from the property researcher CoStar Group, said EPF was set to pledge 100% of the equity in an all-cash buy offer worth RM1.8bil (£375mil).

It said EPF wanted to modify the redevelopment project, worth RM6.9bil (£1.4bil), to include “more residential uses and less commercial space”.

Can we also have a share on the land as we are also contributors to EPF?

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