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No lah.. it is not MLM.
Basically the idea is that many people pool money together to invest in a plot of land. Then they wait for the land's value to rise over time as the city becomes congested. Then the land is sold away at a higher price.
Someone explained to me before. Interesting idea. But I didn't invest because you have to lock your money in for a few years, I think.
Farmer ( Date: 31-Mar-2008 20:30) Posted:
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Well i think it is not wise to JTC (jump to conclusion) i did my fare share of research b4 gg into landbanking based on the result it is not a bad choice. I advise u to check things out b4 making any hasty judgement
It's ok. You're pardoned. Not Time sharing, not MLM. It's regulated.
Giving a verdict before any findings are done is riskier than getting involved in any investment.
Pardon my ignorant! Is this going to be another sort of "Time Sharing Scheme" or worst still "MLM" whereby there'll be no official regulator involvement? Too risky to get involve is my verdict!!!
Yea. Have good lobang for it. So if anyone got spare cash wanna invest can look for me.
I think the Land Banking companies doesn't deal with Singapore land. They deal with Canadian land.
leecl1975 ( Date: 28-Mar-2008 17:39) Posted:
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Hi i think landbanking is not a bad idea. I personally own 2 of such investment in canada .bot the 1st one 3 yrs ago and last year for the second. Not to mention the appreciation of canada dollar towards sg dollar i been seeing 10-20% appreciation in its value. it is safe as i was given an insurance on my land purchase by a private insurance co. and buy back guranteed offered by the co. after 60-66 mth period.
Hi leecl1975, land banking is part of real estate/property market. Just at different stages of real estate development. Without land bank holdings, there will be no real estate.
Hi 178investors, land banking in UK can be very thorny and tricky. There are a lot of issues with regards to the UK govt. and the companies involved in UK land bank. Hence, please exercise caution when dealing with them in particular.
To be safe, always go with a reputable company.
A piece of land banking news from UK... hopefully jus a single case and not generally true of many other land banking outfits... otherwise many investors in land banking would worry.
___________________________________________________________
Wednesday 19 March 2008 10:40
Insolvency Service (National)
Illegal land-banking scheme closed down
A company marketing plots of land as an investment opportunity has been wound-up by the High Court in Manchester following investigations by both the Companies Investigation Branch (CIB) of the Insolvency Service and the Financial Services Authority.
From February 2005 to November 2006, Sinclair Deville Limited (SDV), offered "investment opportunities" to private individuals under a scheme in which fields purchased by the company were divided into plots of land and then sold for investment purposes.
SDV was described in promotional literature as a land banking business aimed at identifying and securing prime undeveloped land before planning consent is granted. Land acquired was divided into smaller plots and sold to private individuals with a view to planning permission being obtained for the site as a whole. Investors were recruited on the basis that the value of a site would increase substantially if planning permission was obtained.
CIB's and the FSA's investigations found that SDV took in excess of £3.2m from investors on the premise that SDV would seek to secure planning permission for the benefit of the site as whole. The site would then be sold to a developer, the profit being divided amongst the plot holders.
In applying to have the company wound-up, CIB alleged that the company had taken part in the promotion of an unauthorised Collective Investment Scheme under the Financial Services and Markets Act 2000 (FSMA) because individuals were investing in a plot of land in anticipation of planning permission being obtained on the site as a whole resulting in the value of their plot increasing. Whilst individuals did own their plot separately to other investors, any application for planning permission would be made collectively on behalf of the individual plot holders by either SDV or another unidentified body using the pooled resources of the investors. Investors did not therefore have day to day control over the planning process.
Furthermore, the Court heard that SDV was not in a financial position to repay monies taken under the scheme, much less to pay compensation to investors as required under FSMA.
The Court also heard that SDV had misled investors by claiming that the company only acquired land that satisfied "stringent criteria". In fact, there was no professional vetting of sites before they were acquired by the company.
Submissions were made by the Financial Services Authority in support of the petition and, in making the Winding-up Order, the Court found that the scheme operated by SDV did constitute a Collective Investment Scheme and was, therefore, illegal under FSMA.
Jonathan Phelan, head of retail enforcement at the FSA said; "The FSA welcomed the opportunity to work with CIB to assist with achieving this outcome. Not all landbanking operations come under the FSA's jurisdiction; but where the landbanking firm also operates as a collective investment scheme we are prepared to take action or work with CIB to take action to protect consumers"
CIB have again warned individuals to be wary of anyone cold calling and asking potential clients to "invest" in land-banking schemes. For more information visit the Financial Services Authority website at http://www.moneymadeclear.fsa.gov.uk/news/product/landbanking.html
NOTES TO EDITORS
1. The registered office of the company was at Courtyard 1, Aston Hall, Shifnall, Shropshire TF11 8PA. The company was incorporated in December 2004.
2. The petition to wind-up the company in the public interest was presented on 24th August 2007 under the provisions of s124A of the Insolvency Act 1986 following investigations carried out under section 447 of the Companies Act 1985 by the Companies Investigation Branch of the Insolvency Service. The winding-up order was made on 12th March 2008.
3. The Insolvency Service administers the insolvency regime investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent.
4. The Insolvency Service carries out confidential enquiries on behalf of the Secretary of State for Trade and Industry through Companies Investigation Branch. The Service also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice.
5. All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit, PO Box 326, 17 - 21 Chorlton Street, Manchester, M60 3ZZ. Tele: 0161 934 4182
Email: piu.north@insolvency.gsi.gov.uk
6. Further information about the work of The Insolvency Service is available from http://www.insolvency.gov.uk
Press Notice
Sorry, i mean
Btw, I don't think land banking is dueling with property market/real estate. Any expert?
leecl1975 ( Date: 28-Mar-2008 17:38) Posted:
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Btw, I do think land banking is dueling with property market/real estate. Any expert?
Hi Ak, Hows life?
The property market might look good in long term. With limited oil supplies and high demand,
property might be use as a defense inflation.
Some guru is advocating Stagflation in the coming years. With high inflation and no growth, our best bet will be in real estate,oil companies and Gold/minerals. Where are you going to place your bets?
AK_Francis ( Date: 28-Mar-2008 09:55) Posted:
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I believe when we are unsure of things, we should always keep an open mind and find out more. There's certainly no loss in having additionally knowledge. In fact, it is a gain.
Only if you've fully understood what we are into, then it's an investment. Anything else is just pure speculation.
Cheers.
jm2212 fellow forummer, I respect the fact that you've quite a fair bit of investment in different areas cause it shows that you do diversification. That's healthy. But I believe we should do some homework and computing in our heads first before giving comments.
If you had back track the postings, have never once make any comments about guaranteed returns watsoever. There are only 2 things in life that are guaranteed. And returns is not one of them.
Actually,I am very tempted not to reply to your comments. But I think keeping quiet is also not the way to go. I believe if we have something to comment, can always direct it to the person instead of giving false accusations. That's worse than mis-leading.
jm2212 ( Date: 28-Mar-2008 10:12) Posted:
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mine is thru private invitation on pre-IPO shares, those are usually valued at lower PAR value, too bad there is no such lobang now.
i'm not a financial expert, but i've quite a fair bit of investment in different areas, no one can even guaranteed me a 3% compunded yearly return, so do not mis-lead others (especially those novice investor) on such product with that kind of attractive returns.
Not so sure on land banking business. My former colleague invited me for the talk, but in such a poor and tight controlled property market, I turned her down many occasions.
As I posted earlier, when market is on down trend, don't hope for good returns from IPO, unlike yr 06 and 07, one good strike may bring you many $K. Previously, IPO is the game I like most, will never miss them, always 101 lts was my favourite input at ATM. However, since after Mid Nov last yr(after 21 Nov, the so-called DJ black day), I never get involve anymore. Since then, as BT posted lately that out of 7 IPOs 5 were below their respective IPO price.
Even now, my view is that don't bet your luck in it, try other things else. Cheers.
Land banking is illiquid and can incur loss if want to sell half-way. With the sub-prime problems, don't know whether still can make money?
land banking...?
That's good for you. Well, for disclaimer purposes, never once stated anything with regards to guaranteed returns of min 8%.
What I mentioned was the minimum returns calculated for our past projects was 8% pa. And of course there are also projects with returns more than 15% pa. But on average, it is about 15% pa.
You'll have to see to believe it yourself. Anything is possible.
Cheers.
jm2212 ( Date: 27-Mar-2008 20:08) Posted:
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so far my best return is by invitation on those investment on the pre-IPO shares in year 2006 & 2007, during those days, china stocks usually generated few folds of returns. there is no such thing as guaranteed returns, further more a min of 8%, no way i can believe in this.