SEC amends property fund allocation rules

 According to a statement, the SEC reasoned that such amendments will allow bigger investment from fund management organisations like the Government Pension Fund, the Social Security Fund, provident funds and mutual funds in general. At present, the funds are allocated under the "small lot first" basis.
 The SEC will also specify that at least half of a property fund's unit trusts reserved for such financial institutions as well as individual investors in general. At least one fourth must be reserved for individual investors in general, who would be allocated under the "small lot first" basis.
 The SEC is open for opinions on the proposed amendments until Jan 26.