Friday, April 23, 2010

Article on land banking

Hi Mr Tan,

Having read about " Investing land outside Singapore" in your Blog, I came across this Updated April 2010 Article that says it all: Nevermind the source but go for the facts.
http://www.learnmoney.co.uk/advice/advice-87.html
JLN


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3 comments:

Anonymous said...

I've come across a man who knows investment in such land is highly fraught with risks, yet he is willing to go in and try his luck, reasoning he can't be so unlucky.
Many times good advice falls on deaf ears. Sai hei, just conserve our energy, and move on.
And he is gambling with inherited money from his dead father.
Easy come, easy go.

April 23, 2010 5:24 PM
Anonymous said...

At last the grey areas in landbanking exposed inspite of the many many comments.

April 23, 2010 5:57 PM
Steve said...

Quote from that link.

For some reason the land banking companies have aggressively targeted the Asian community (in the UK).

There are also many reports of land banking firms targeting investors in the Far East (specifically Malaysia) and the Middle East, (specifically Dubai). I would think they're trying to sell UK land plots to a combination of UK expats and foreign nationals.

Common Sense alert -

Often the best way to shield yourself and your money from scammers is to use nothing but common sense.

So if you're located outside of the UK common sense suggests buying potential development land from people and companies you don't know without ever visiting the site in question is pure madness.

April 24, 2010 2:12 PM

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