Is anyone aware of Forest Lakes Country Club (FLCC) Development Investment Scheme offer by TFDC Asiacorp Berhad?

Is this foreign property invesment safe?

http://www.tfdcasia.com/home/home.html

Meet with William Ng the CEO of Asia Corp yesterday and he brief me onn this investment scheme. Tried to seach around but look like no one talk about this scheme so far.

Not putting down this Investment. Lets give numbers in prospective

I see returns of up to 28%

What is the cost of Borrowings in MY. BLR is 6.85%, so say the margin is 2.5% + BLR = 9.35%

Returns = 28% - 9.35% = gain of 18.65%

If returns are so high, why share the profits with you. Might as well they do it themselves and take all the gains

Based on this website, the interest rate in Canada is even lower

http://www.bankofcanada.ca/rates/interest-rates/


Second, if anyone can promise a return of 28%, do you know who will be the first to Invest in such a scheme

1) PNB - for their ASB, ASN Funds
2) EPF
3) Khazanah
4) 1MDB

Of course, before the above MY Funds can invest, Warren Buffer would have invested and sweep all for himself

Obviously , if the above funds decided to invest, they will sweep 100% of the units and there will be nothing left for the public

So, the returns are definitely not guaranteed

So, if u do invest in such a fund, please read the T&C carefully

Look at the Exit Clauses

Look at the so-called Guaranteed Returns if any

Check with the Canadian High Commission on this project

CFA, you got the points but the return is 26% (not 28% as stated in the website) for 2 years so the annual return is 13%.

This investment is on the bungalow land, is 13% annual appreciation too high in Halifax, Canada?

Event some of the hot areas in Klang Valley able to achieve this right?

This post has been edited by ePSeeker: Nov 26 2014, 02:50 PM

Okay, thanks for the correction.

My point is if the company is so confident of the returns and with such low interst rates in Canada, might as well do yourself and reap all the gains.

Some links of property appreciation in Halifax

https://www03.cmhc-schl.gc.ca/catalog/produ...r=1416969942789

http://www.lloydsbankinggroup.com/media/ec...se-price-index/

Suggest you download some of the reports for historical property appreciation in Halifax

Always remember - there must be a reason why the company is looking for investors in MY

If its good, quota should be sapu by Canadians - perhaps the Company is so kind as to want to help fellow Malaysians to make some 'free money'

cfa you are so pro !!!
i will follow you from now on

I am not pro lah, just using Google to search only

I am always very skeptical when companies promise all sort of high returns, especially when asking u to invest in a foreign country

Just sharing opinions only

yeah CFA kor, i notice when foreign (UK/Aus) projects come to Msia to sell, we get excited n say cheap but it's just the same as overpriced msian projects marketed overseas like Dsara city n other projects they will say cheap but are not aware of the market sentiments/prices..

It's easy to promise but if it's not on Black n White, than u'll be suffering.

cum cum....
join kochinreit

return say 8%.
ok bor?

Min investment of RM5K can og must be at least RM500K

This is the real Sifu @ LYN

This post has been edited by cfa28: Nov 26 2014, 12:25 PM

ON!

kochin kor open class, sure support !!
i am on too

Thank you for all the advices and comments. It's really help!

Hi

I am new to here and saw this. I know this is old but my mother looked at this and did not go because of the reason of those to lincs.

https://www.sec.gov/litigation/admin/2010/34-61472.pdf

https://www.sec.gov/litigation/litreleases/lr18624a.htm

These two lincs are to Donald Marr who is now the principal of TFDC. He and his brother run a scam in spain that stole millions from people. the only change is middle initial, but is same person. read his profile on TFDC .ca website and read ifo in the second linc.

Maybe they are better now but maybe the same.