Landbanking schemes have been making headlines for the wrong reasons. Last year, the UK's financial service regulator, Financial services Authority (FSA), reported that investors in the country lost an estimated $200(pound) million after putting their money in landbanks that were never intended for development.
Some unauthorized firms, adds the FSA, have disappeared. In Malaysia, Edge Worth Properties (M) Sdn Bhd closed down when its parent company, Edgeworth Properties Inc, a Canadian landbanking firm, filed for liquidation. The Malaysian firm had collected about RM76.5 million from Malaysian investors from 2007 to 2011.
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Refer to this article titled " Landbanking" - Investment in Walton International Landbanking - Be cautious on your hard-earned money.
Some unauthorized firms, adds the FSA, have disappeared. In Malaysia, Edge Worth Properties (M) Sdn Bhd closed down when its parent company, Edgeworth Properties Inc, a Canadian landbanking firm, filed for liquidation. The Malaysian firm had collected about RM76.5 million from Malaysian investors from 2007 to 2011.
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Refer to this article titled " Landbanking" - Investment in Walton International Landbanking - Be cautious on your hard-earned money.
In your view, how do you assess investors who have received their returns after the holding period?
ReplyDeleteFor Me, i have zero interest in Land Banking investment. It's like MLM investment ;)
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