CHGS FAQ
WWC - Women Wealth Creation

Hi, anyone heard about this plan before?
I plan to invest on this, but this doesn't come cheap >.<"
Minimum investment is RM5,500
And they guaranteed 8% of returns for the first 3 years.

From 4th year onwards, then it will follow the market price to earn the percentage.


From my understanding, they bought a very large piece of land and divides them into smaller pieces. Then, I buy a quarter acre from them for RM5,500.
They will plant oil palm on the land. So, the first 3 years are where the plantation started. So, no income from selling the fruits yet. They guaranteed 8% of return for the first 3 years.
When reach the 4th year, then I'll earn the money from the sales of the oil palms according to some percentage, where the maximum I can get is 17% (if I'm not wrong).
However, I got a second option, whereas on 4th year, I can sell the land to someone else. I can ask CHGS to sell it back, thus save hassle for me to find own buyer.
This growing scheme only last for 23 years. After the 23 years, I still owned the land. The company will then sell the land and I'll get my share.

So, what you guys think? Safe to invest?
I don't know if oil palm is good, but I knew rubber price are increasing these days.



Credit to DannyOP
* News update, as of 23rd Sept, all of our RM8000 phase plots have been sold out. I would like to thank everyone who have supported CHGS and will continue to update for future releases. The 2nd year of dividends will be released by 14th Feb 2009 at 8% p.a.

This post has been edited by F1meteor: Sep 29 2008, 02:17 PM

Yea, my main concern is, if I plan to sell the land on the 4th year, what if no buyer
But, the investment is for sure better than bank's FD for the first 3 years.


Edit-
Refer to his link http://www.chgs.com.my/trustee.asp
I think it's backup by CIMB?

This post has been edited by F1meteor: Oct 31 2007, 12:07 PM

This I'm not too worried. It's the same group for the hotel Palace of the golden horses.

I'm more worried on cannot sell it off >.<"

After 23 years, CHGS will sell the land according to the market price and will be divided among the investors.
And I heard the guy telling me that sooner the price will up to RM6000 >.<"

Yea, my main concern is your point 2. If I need money and nobody buys back from me how
Long period is fine, just take it as long time investment. Anyway, low risk = long time right?

no more 5k per lot.
It's now 5.5k per lot. And I heard next year going to be 6k per lot.
I'm waiting for my bonus for investing XD

erm, something to add here.
The additional 5% is only for those who holding 4 lots and above if i'm not wrong.
I'm not very sure about this.

I haven't invest yet. I think most probably next year March only I can put my foot in.

@neocappuccino

is there any 0% interest installment plan?

i also received my cheque on 16 Jan
RM700 i bought 2 units last March

no.. not a full year.. it's prorated.. it was only 200+ days.. i forgot

the cheque will be sent from 1 Feb onwards

haha.. i don't know how safe is this.
But so far I had received cheques twice
My agent said 12% next year. i have no idea how true.

Anyway, I'm planning to sell mine because I need money to buy house.
But the selling price is not attractive at all

i just tried accessing http://www.chgs.com.my/
the page was loaded

my agent said it will be 12%
waiting for my cheque so confirm it's 12%

haha... good to know that it's confirmed at 12%
hmm, but direct debit, I don't think they have my banking info
and I don't receive any email from them yet

same as me
2 plots, so far been getting 8% + 8% + 12%
just filled in my form and will be mailing them later.

I just wonder for those outstation people who have no access to internet, will they continue to send the cheque?
It's kind of inconvenient to stop sending cheque directly...

wtf! i haven't get mine yet!

aiks.. haven't got mine leh
mailed the form to them on Monday, 14th Feb
almost 1 week edi

eh, can fax the form? damn, i should have fax it instead of mailing...

yea man.. slow mail with stamps!!
shit.. even now also haven't receive the money
i don't know can fax

sorry, what do you meant by 3 months?
after you list there for 3 months also no buyer, then CHGS will buy it back?

i'm thinking of selling it also...
the way CHGS deal is very bad.. there is no transparency...
i remembered for last year, i actually receive a CD from them (but i didn't open to look what's inside)

mind to share how you found the buyer?

i think i lost the certificates
couldn't find it anywhere