Sunday, March 14, 2010

Land banking in UK

Read this article from a UK newspaper.

2 comments:

Conspiracy said...

Yes, land banking sucks. Anyone still holding any accounts should get out of it if they can.

Steve said...

The TV advert they mention offering 250% returns in 3 years from 2006 was actually running on Singapore TV until the end of 2008 . The advert recorded from Channel News Asia in October 2008 can be seen on You Tube here.

So according to the advertising there should have been returns in 2011. In the article their PR company is saying it will be a minimum of 7 years or at least 2017. If you bought in 2006 by then you will have been waiting 11 years for an investment return that was supposed to be just around the corner.

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