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 Country Heights Grower Scheme (CHGS), anyone heard before?

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creativ
post May 11 2008, 02:27 PM

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When applying for CHGS, there is a column to fill in the Joint Applicant name. Can someone tell me what rights does the "Joint Applicant" has? I would like to know if my wife will get all if I die. smile.gif
creativ
post Jul 30 2008, 06:45 PM

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QUOTE(Jordy @ Jul 25 2008, 03:47 PM)
cherroy, I get what you mean. This is the herd mentality. But look a few months back in February/March, the price was RM5,500. Now the price is RM8,000, and I believe people are still buying. So, if you can appoint any one of the agents to sell the plot for you, and give them a little fee, that should give you a little more than 30% profit just trading the land in 4-5 months.

Well, I am not promoting it, because I myself have withdrawn myself from this scheme. Bought only 1 acre back in March tongue.gif
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Jordy,
I think it doesn't work that way; buying at RM5500 and selling at a higher price i.e RM8000. There are two problems to this:

Firstly, the buyer would not buy from you at RM8000 if CHGS pays the yearly % payout based on the grower's fee of RM5500.

On the other hand, CHGS would not let you earn 30% profit if they have to pay the yearly payout % based on RM8000 to the buyer that had bought from you at that price.

Of course the ideal but highly unilkely case for growers is that the buyer buys at RM8000 from you. You make a quick RM2500. And CHGS pays the yearly % payout base on RM 8000 grower's fee. whistling.gif

This post has been edited by creativ: Jul 30 2008, 06:49 PM
creativ
post Apr 27 2009, 09:24 PM

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Does anybody know should I file my tax return for the CHGS income return? How?
creativ
post Sep 10 2013, 09:41 AM

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QUOTE(Grace_2009 @ Sep 10 2013, 09:04 AM)
I go for Golden Palm Grower Scheme.
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Out of the frying pan into the fire? thumbup.gif

 

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