Dear Sir,
I wish to hear your opinion about land banking opporunity through X as follow:
> audited track records 29 yrs
> no clients losing money
> audited by Y
REPLY
I do not like this investment product. There is no liquid market. You can put your money in, but you have to wait a long time before you can find someone to buy the investment from you. I have been approached many times to invest in the product, but I always declined.
You can search my blog for my past postings on this type of investment. Type "land banking" and click on Search Blog.
These are mostly worthless land without planning permission which this companies are always promising to get "sometime in the future". They normall buy the vast pieces of land at a teeny weeny fraction of the customers buying price.
ReplyDeleteyes. i agree that land banking is illiquid.
ReplyDeletethough the broker may say that you can resell it to other ppl, fact is that they have lot's of excess land to sell themselves.
the land banking firm sells over-priced land to gullible land scarce singaporeans/hongkongers.
if you really want to invest, may be buy from secondary market. should have desperate sellers who wants to cut loss.