Hye,
Has anyone being approached by any sales executive profitable plots?

I always being disturb by this fella. he asked me to join..but the investment cost is very high.
has anyone can tell me about this company?

say no.no.no.no.no.no dun let the word greedy controls u.

more information?

It's always at the property booth. They buy land in the UK and plan to give profit when they change the title to residential land because there will be a hike in the price of the land.

It works like unit trust, where they pool investors money and invest in land that they claim will appreciate very soon.
They will keep on rolling the money by buying and selling.
I don't really put my money in this because if I would buy land, I'd rather get one myself than letting them do it.

They are one of the UK land banking group. The min investment in this type of scheme is around RM30K. If they still bother you, just say you don't have the $$$

It's reputable.....but the cost for investment is too high for me.
It also has it's advertisement in ESPN.

Even if I could afford it, its difficult for me to manage or see whats happening abroad. Worst if there's some legal issues, then owners need to come down to UK to settle? No thanks....its appealing, but not something I wanna venture 1st.

Yeah,
the investment takes about 3 years for Return On Investment.
Better go to Public Bank Mutual Trust.
Anyone has greater comments?

PP is something like Walton who has been around for years. They are involved in something they like to call LandBanking.

PP are into lands in UK while Walton are involved in land in Canada. They invite public to have a piece of the pie (Land) of which they acquire in the belief that it will appreciate in value. The land are normally suburbs and areas where the government has "plans" to develop the place in foreseeable future (5-15years). As development encroaches the plot of land that you invest in, the value increases. The stakeholders will then decide if they would like to sell off their holding via majority decision and to lock in profits.

You can however sell anytime at a valuation during the time of disposal. These are reputable companies operating for years and while Landbanking is pretty much still alien to us here in Malaysia, it is one form of investment instrument in the west for a long time.

i heard that onced u invested. they will tell u, the price of the land drops. then drops then drops. then drops. until NO VALUE

Do not spread rumors on things that you do not know. Like the other thread where you posted and advise TS to go Genting gamble is just pure BS. Not only it shows that you're not fit in discussion here but also shows that you don't even qualify to secure your own life.

Anyway, land price in UK is on the raise. The only problem here is the initial amount of money to be invested is quite high for average ppl.
http://www.bt.com.bn/en/local_business/200...land_investment
Obviously with risk involved too; thus it's still known as investment.
http://singaporepropertyfrontiers.com/2007...of-landbanking/
http://www.strategiclandinvestors.com/news...opportunity.htm

Land investment is just another form of investment. Of course all investment plans have risks and failures. U think mutual fund doesnt have . Go check again . Everything has. Normally the degree of return is in tandem with higher the risk of losses .

Like commodity trading gives u excellent returns but also can mean great losses. Or say you trade . Options trading is more easier to make more money but is also easy to lose money as well.

Currently a huge property boom in the UK. Doesnt mean that it will last forever but also doesnt mean that when it ends you will lose all your investment.

so, have u actually invested on this land? Go genting gamble is not BS. its just not ur cup of tea. u dont know the probabilty of winning thats all. Not only it shows that u are a closed minded person but also shows you dont even qualify to read other ppl's posts. the main point of forum is to get ideas from everyone. some maybe good/bad. depends on YOUR PERSPECTIVE. so if its not ur cup ot tea. just shut up.

3years ROI
IF UK had a boom market on property... Then It's worth
Nah, check back your risk profile... (Serious)

---

Added on January 24, 2008, 12:13 pm

@dante3,

Since you'd mention



Then it's boon's idea/the way he looks at you. If it's not your cup of tea, then you should shut up. But you're not. That's mean it's your cup of tea right?? BSers....

You had done posting something not even constructive.
If you insist, please just hand out any source, document, or etc. that can prove something like what you'd say above.

This post has been edited by temptation1314: Jan 24 2008, 12:13 PM

better shut ur mouth too.

HERE's my RESEARCH, u lazybump !
http://www.realestatetalks.com/viewtopic.php?t=13756
read Schnauzer's post

Another one
http://www.propertyscam.org.uk/d6plinks/73AHUD

seniors here, think they own this forum...zzz....i dun wanna argue further....its useless to reason with over-ego ppl.

This post has been edited by dante3: Jan 24 2008, 12:36 PM

yeah right......so good investment strategy you got there....
So which games in Genting you played/gambled?
Btw, if you are to do your studies; there's a thin line between investment and gambling. Do up a research on the difference if you really want to.
Not closed minded, you can say conservative (maybe I'm no longer young anymore, more things to consider in life)...let's see you teach your kids next time to go gambling....start them young I would say!.....
The point that I shot you down is because of your own comment:
"i heard that onced u invested. they will tell u, the price of the land drops. then drops then drops. then drops. until NO VALUE"
So how about those that profited from the investment.

Also if you care to read up on the article I posted, it's about the risk involved. So called calculated risk.
And no, I haven't invested in it as I've mentioned first the initial investment capital is considered high to me. 2ndly, this is not my cup of tea. Though it's not my cup of tea, I provided constructive information....do you?!

And regarding the forum discussion you posted, did you purposely missed up aco32's post?!......
There's always risk involved. The point is how comfortable are you with the risk thus ppl "calculates" risk and conclude their own risk appetite.

Seeing your style saying gambling is good....kewl; I'll give you one point in Gambling: Black Jack's calculated risk is the lowest as you could actually control your outcome; that is if you're one to one against the dealer. But if the table got more than one player, your risk of losing increases. By the way, odds in casinos are already against players from the start.

Please don't mix it together as I see there are two different case in previous discussion as far as I can see.

One is property investment 'scam' while the one is talking of some legitimate land investment. Those 'scam' are not really invest in property, they are money game only, while legitimate property investment does invest in real properties.
So please separate out, don't mix bag 2 together to discuss.

We come here to have proper discussion, please post some contructive idea or opinion, don't need to flame on each other.

Cheers.

This post has been edited by cherroy: Jan 24 2008, 03:00 PM

Anyway, its just my 2cents. decision is still up to topic starter.
I rather invest in something i actually see. not a thin a paper saying i own that thing/land. What if the shop closes? What if there's something wrong with the paper details/desc?

I like to gamble BIG/SMALL. Percent of wining is not 50%. because three ones, 2s, 3s, and so forth doesnt count. so chances of wining is slim down to 44% or so.

KUDOS to those profitted from Walton. WHIPPEEE !! Way to go !! Invest more la!

This post has been edited by dante3: Jan 24 2008, 04:26 PM

or which has higher return? Profitable plots or Canadian one( Walton group). If u put in 30k, when do i see a return and how much?
anyone ask before.

I tin u better ask Shebby Singh...

I noticed this while walking with my wife at 1 Borneo here in KK last night. Apparently it's a promotion from yet another land banking scheme, this one based on properties in the UK. I checked out their website and they seem like a big group but everything screams "scam" to me.

http://profitablegroup.com/index.aspx

What do you all think?

It's not a scam. Eventually, they are one of the largest land banking companies in Malaysia over here.

Most of the land banking will have their investment in UK because so far it's the only country that encourage land banking unlike malaysia and other countries who have a stricter rules and too many blah blah when you want to deal with land banking. Thus, you can see most of the land banking companies will offer you the investment in UK.

On paper, it's a good investment, however, from what I heard, the risk is very high as you cant always monitor the exact development progress in UK and many have claimed they still earning peanut even after they have dumped in quite an abundant money into it.

its under the GMC company, they have anak company that sells mat kiosk, scamming top up machine company....what else could you expect??

Are you saying that this is indeed a scam?

You should know that landbanking scheme is not approved by Bank Negara and a few of them has been investigated by BNM. It is in the press and been discussed in this forum.

I guess it's a little bit like Walton International in land banking
I have went for a few seminars they conducted, quite impresive

And did you know that Walton had been raided by BNM recently?

Anyway, land banking works in the concept that land would appreciate which I would say in this current economics........one seriously need to give it a good thought.

the company name already rang my alarm bell. ><

Yea i know . . . but everything is okiz now i heard as they alreaddy publish in the star & their CEO are working side by side with BNM to solve this issue

Anyway from my point of view in this kinda market condition, land banking or properties investment will take longer time to grow
comepare to equity or etc. Not a good investment vehicle now.

how bout tis?

http://www.uklii.com

also in kk punya

This post has been edited by huakenny: Mar 29 2009, 07:03 PM

re Profitable Group / Profitable Plots / Syndications Canada. My personal experience investing with these people has not been a good one. I purchased two AAA land products in Feb 2008. The AAA are promised as of the highest quality and that you may double your investment in 3-6 months. After the one year investment anniversary you are entitled to 12.5% interest if the investment hadn't yet doubled. You can also exit the investment after one year with your principal and interest. It has been two and a half months since I chose to exit and I haven't seen a penny yet. I am tired of their excuses, don't trust them and have hired legal counsel to sue them for what they owe me.
They are quick to take your money and are very poor at keeping you informed.
I will never do business with this organization again.

Isn't profitable group the guys who always advertise during Premier League games, using the ESPN soccer commentators as brand ambassadors?

That is probably so. They do support football. I have never seen a TV ad for profitable group ( profitablegroup.com ) in Canada. I was introduced to them through a Financial Forum Roadshow in Calgary Canada. As I said I will never again invest with them.

Please get your facts right. Real estate and property have never been in the jurisdiction of Bank Negara. They are within the control of SSM. Bank Negara only controls bank related matters (refer to BAFIA act).

The proper jurisdiction is as follows :-

Min of Finance
SC Bank Negara SSM

Bank Negara - Bank related matters
SC - Unit Trust, Insurance etc
SSM - all others

* Recently the issue with Walton's Bank Negara raid was because of foreign exchange, which is a bank related matter. However its business is still under SSM's jurisdiction.

---

Added on May 11, 2009, 12:40 pmWhat is the location of the land you've invested in? As far as I know there is no 3-6mth exit for land investments and it is highly unlikely appreciation over 3-6 mths is double based on the following facts :-

1) US & Canada Land - average appreciation 10-20%p.a.
2) UK land - average appreciation 50-70%p.a (the highest for land appreciation) - see www.voa.gov.uk
3) Land prices only increase after it has been converted from undeveloped/raw land to residential/commercial status. Buying and sellin land over a 3-6 mths it too short for land conversion to take place. This process takes +/- 5 years and if there are any complications it may even take up to 26 years (according to Walton's track record).
4) If you are dealing with land based in UK, there are restrictions on greenbelt land and there are 7 stages for those types of land to be converted, if allowed. Each stage takes min 6 mths.

This post has been edited by DannyOP: May 11 2009, 12:40 PM

2) UK land - average appreciation 50-70%p.a (the highest for land appreciation) - see www.voa.gov.uk

Completely untrue for undeveloped land- do you know what an average is? There may have been some years where UK land boomed by that amount but there are at least as many where it bombed. The last two years have been complete bombs. Average appreciation across long periods for undeveloped land sits with about the rate of inflation. Provided you pay the right price you ought to do OK . The issues with undeveloped land as an investment is you have to maintain it and keep squatters off, and it can be tough to sell if you need the cash quickly.

3) Land prices only increase after it has been converted from undeveloped/raw land to residential/commercial status. Buying and sellin land over a 3-6 mths it too short for land conversion to take place. This process takes +/- 5 years and if there are any complications it may even take up to 26 years (according to Walton's track record).

Partly true. Some land will never get converted especially in the UK. I note that Profitable Group are estimating returns in 3 years of 250% according to this Singapore TV advert. The position of Hounslow council on the Profitable Group Hounslow site is stated in this freedom of information request. They say they can see no circumstance where the Hounslow site would get planning permission. Someone is not telling the truth.

4) If you are dealing with land based in UK, there are restrictions on greenbelt land and there are 7 stages for those types of land to be converted, if allowed. Each stage takes min 6 mths.

Not true. Green Belt has legal protection in the UK. That does not mean it can never be converted but conversion is highly unlikely. The tiny chance of conversion is always completely misrepresented in advertising by land banking companies into an incredile opportunity.

The most common issue with land banking plots is you grossly overpay for the undeveloped land - sometimes as much as 15-20 times the actual value of the land. To put it in terms you might understand. Property with en bloc potential is a good investment generally in Singapore if you pay the right price.

If with other investors you pay a company S$15M for a share of an apartment worth S$1M that you cant live in and then even worse find it has zero chance of enbloc how will you get your money back?

I read somewhere that so far, not a single piece of land bank land from all the various schemes with land in UK has been converted for any viable use.

These land banks have been conning people in UK until they've run out of suckers there...

From the page on Wikipedia:

recently been invited to some Jardin Smith International ...also on land banking.....hehehe once i reach there.....saw tons of their so called consultants....lengluis everywhere hahaha....man...reminds me of LB...sunshine...

but best part is...layan for sake of 100 jusco voucher hehe which i just spent less than 20 mins ...btw...they rent ballrooms from 1world hotel to westin.....n provide so called lousy buffet (finger food) only

Capital Land also a good land investment

capital land seems like a trusted land investment company la.. at least they give out yearly dividens from 5%-19%.. and they also guarantee your capital.. the way they did that is by working with a trustee from uk which is the citidel trustee which is already acknowledged and has been in action for around 25 years edy.. i suggest capital land for land banking

first i heard bout PG when i went to their office not to buy land but liverpool tickets quite a big office at menara standard chartered at jln sultan ismail. you see lots of land map from britain hanging at the office wall. There's even rumour PG interested in buying Newcastle F.C

Original Page
Profitable Group have withdrawn their interest in buying Newcastle United.

The Singapore-based group had been one of the leading candidates to take over at St James' Park.

But Sky Sports News understands that the group were unable to provide proof of funding of £100million needed to purchase the club.


PG can't afford it !!

From UK Guardian . They don seem too impressed with the Profitable Group.

Despite withdrawing its bid to take over Newcastle United yesterday, Profitable Group, a Singapore-based investment firm, has another plan to break into English football. Its scheme, Project Hero, is looking to invest in the development of footballers and "would look to sell to interested clubs and keep a significant share in the player by way of a percentage of the sell-on fee".

That manifesto has attracted the attention of the very similarly named Hero Global Football Fund, which has been attempting to establish itself on very similar terms. Working behind the Hero fund is the former Liverpool captain Alan Hansen. Working behind Project Hero is the former Liverpool captain Steve McMahon.

Some of Project Hero's other financial backers do not have an enviable business record. In 2007 three of the directors of Profitable Group – Tim Goldring, Nigel Blanchard and Neil Osborn – were behind the Profitable Plot Company that was the subject of a winding-up petition from the Department of Trade and Industry which was avoided when the company went into voluntary liquidation.

One of the Profitable Group's core businesses in Singapore is Profitable Plots, which purchases UK land and sells shares in it on the promise of enhanced value once planning permission is achieved. After repeated planning-application failures the validity of the scheme has been questioned, upsetting investors in Asia and Canada. Its Canadian client-services manager, Dan Strumos, insists there is nothing untoward since, he says, the Singapore government puts to death anyone guilty of "corporate shenanigans" (although Nick Leeson seems to have survived).

Meanwhile, the Hero Global Football Fund is consulting lawyers over Profitable's Project Hero plans.

---

Added on August 29, 2009, 1:32 pmThis is a piece from the London Hounslow Chronicle on "Concorde Village" which Profitable were advertising on Channel News Asia September and October 2008. Profitable Group were advertising potential gains of 250% in 3 years. I wonder what they say now?

Is 'Concorde Village' a real opportunity?
It is a story that links a former feltham gravel pit with investors in Brunei, Singapore and Canada and an audacious bid to buy Newcastle United. Ed Saunt investigates what is going on at lower Feltham Lakes.

TO A Far Eastern investor 'Concorde Village' might sound like the perfect business opportunity. Backers could pick up a plot just two miles from Heathrow for just £8,000 with the promise of a 250 per cent return within three years.

Singapore-based landowners Profitable Group said the Lower Feltham Lakes site was ripe for a housing project comprising 1,000 homes and a recent entry on its website boasts that development proposals have already been submitted.

However, following an investigation by the Chronicle into concerns from investors and neighbours of the site, Hounslow Council has confirmed no such application has been received, while Profitable's UK communications consultants, Chelgate, admitted this week that the claims were untrue.

Mike Hardware, executive vice-president of Chelgate, said: "We know that's not true. I don't know why that's there because the council has not received an application and we are not intending to submit one in the near future."Chelgate is leading a consultation into proposed development of the former Feltham gravel pits off Chertsey Road but Mr Hardware admitted it would be at least four years before a planning application is even lodged with Hounslow Council.

Profitable Group - which last month put in a bid to buy Newcastle United - bought the land from housebuilder Taylor Wimpey for £3.15m in 2006 but the group's predictions of 250 per cent growth for investors would value the land at more than £100m.

The council has been inundated with queries from investors who fear they might not see any return on their money.

A man from Brunei wrote: "They (Profitable Group) have been marketing very heavily here and have been trying to persuade my family to buy some plots on their scheme. Have you any news regarding them? I fear they may be one of the many scams that are mushrooming around the world. With their marketing and information it is hard to believe that such ventures can be so profitable."

Another potential investor from Singapore, on the verge of buying 47 plots for £253,125 (S$700,000!), said he was told planning permission was likely to be granted in 2010 or 2011.

Read the follow on stories here
Scam fears over homes feltham: profit promise to investors despite planning risk
Developers press on despite public outcry
And a public response from Hounslow Council here
Development of this site remains highly unlikely
Sky Sports reported here that Profitable Group could not provide proof of funds in their purchase of Newcastle United

---

Added on December 25, 2009, 1:59 pmFrom TKL blog


UK land sold by Land Banking firms has about a 1% chance of receiving planning permission over the next 20+ years.

That means you have a 99%+ chance of owning a piece of land that is almost completely worthless.(the land is typically marked up by 1500% when you buy it and resale on the open market without planning permission is almost impossible)

In roulette if you put all your money on a single roulette number you have a 2.7% chance of winning .
If you lose you will also find out immediately that you have lost all your money and should learn very quickly not to gamble.
If you win Roulette will give 35 times payout, not the two to three times offered by the land banking companies. Also immediately no waiting for 20 years.

If I were to sell an amazing investment opportunity of investing in a single roulette number with a 3 to 1 payout for winning in 20 years time I am sure I would be shut down and probably put in Jail.

Can anyone explain why are Land Banking companies not subject to the same scrutiny ?





This post has been edited by mcorp: Dec 25 2009, 01:59 PM

Shebby is sponsored - do some research in the UK like I did

Scam fears over homes feltham: profit promise to investors despite planning risk
Aug 13 2009 By Ed Saunt ,

A PROPOSED 1,000-home development in Feltham is facing claims it is part of an international property scam.

Hounslow Council has said the project to build on Green Belt land at Lower Feltham Lakes is 'very unlikely' to receive planning permission, yet landowner the Profitable Group - which put in a [failed] bid to buy Newcastle United last month - has been luring backers with promises of returns of 250 per cent within three years when the housing is built.

The council has been inundated with queries from worried investors in Brunei, Singapore and Canada, who say they have been told planning permission will be granted imminently and fear they are in danger of losing their money.
Continued......
Hounslow Chronicle Scam Fears Story

UK Guardian
.....Among those interests is "Profitable Plots ... a strategic land investment company". This offers the chance to buy land such as at Cherry Tree Grove in Colchester which, once planning permission is received, will instantly increase in value.

But how to reconcile those promises with two separate local authority refusals of plans to build a 77-bed and then 87-bed hotel at Cherry Tree Grove on the grounds that it is too far out of town and in a Countryside Conservation Area? One respondent during the planning application process thinks he knows the answer. "These companies purchase protected land and then make proposals for development. They then resell the land to investors at 10 times or more profit in Asia and Canada, giving the impression that planning permission will be achieved," the respondent wrote to planners.

Not so, says Profitable's Canadian client services manager, Dan Strumos. "These accusations are false. Our headquarters are in Singapore and that would be the last place on earth for corporate shenanigans because the penalty for it is death."

But could Profitable Group by any chance be a new incarnation of The Profitable Plot Company that was the subject of a 2007 application for compulsory winding-up by the then secretary of state for trade and industry, only voluntarily to appoint a liquidator six months later? The very same! Tim Goldring, Nigel Blanchard and Neil Osborn were directors of that firm and all are now listed on the Singapore firm's website.

LOL.. I didn't know there was a death penalty for fraud in Singapore

* The Guardian, Saturday 23 August 2008

· Land banking
Here you are persuaded to pay around £10,000 for a tenth of an acre in a field - which the seller has bought for about £7,000 an acre - on the promise the land will soon receive planning permission and soar in value. So far, no land banking site has ever gained the building go-ahead.
Most land sold in this way is green belt or zoned for agricultural use only. But land bankers seize on every government statement about the need for more homes to stress that this means that it is certain that the site they are selling will soon be covered in houses - like almost all scams, this relies on an element of truth. The FSA has shut down a number of these firms, but victims generally lose their money.
Easy to lose £10,000 to £25,000.

One of the 10 biggest scams to watch out for

As his book on avoiding rip-offs is published, Tony Levene warns of the most common cons

Understand thatdifferent people have different seeing and thinking of thing but profitable plot is never a scam company and they have also come up with short term n lower rate investment...

wat u say is true..
this is just as an info to forummers..
and oso, d question of..
why was proftitable plots raided by BNM on Oct 24 2008?

There are scams of course.. but land banking is a very real business...

@dant3

Walton is an international company based in Canada, who invests and develops land in the United States, their MINIMUM return on all of their projects is around 15% COMPOUNDED INTEREST and can go up to 20+%, provided that u hold the land until the project is completed.

Their job is to scout for potential growth areas and buy the land there. They contact the people around the area, the contractors, the magistrates and the people who are responsible for development of the land. Their strength is the fact that they've been in business for over 30 YEARS and they have the network of people available to them for developing land, in essense their job is to research and develop land.

The downside to Walton is that their income is split into their developments, so if they haven't been able to do any development on the land because their still organizing infrastructure. They won't have a good return on your investment. What this sort of development takes is TIME. Therefore your investment can be locked in for anywhere between 5 years, to 15 years, because their actually DEVELOPING THE LAND TO SELL, their not SPECULATING in land prices. That is the difference between what the general people think. You think development happens in 2 years?

To all of the people who think 15% interest is low..it takes around 5 years to double ur principal at 15%, so if u put ur money with them for 20 years, ur stupid 35k per lot is now going to sell for 280k. Their target is people who have money in the bank who are not planning to use that money for anything. If u put ur money in the bank at 3%, in 20 years u won't even have 70k. I've been to one of their closed conferences before, all the people in there are high net worth people worth 10's of millions.



The problem with morons like dant3 who think Genting is a good place to "invest" their money, is that they don't understand how this system works. Genting relies on this type of stupid people to prosper, do u know why Genting has been able to grow so much? Their revenue is not from their theme parks u understand? It's from winning money from people like dant3. As long as there are people like this the casinoes will always be one of the most profitable businesses around.


This is their website. https://www.waltoninternational.com/

They've been around for so long they have a very established record, before u open ur big fat mouth do some research please. Gambling in Genting is a good way to make money?

This post has been edited by flight: Oct 10 2009, 09:23 AM

Yeah right. Like all land banking sales people you blab on about the increase in value or the land at 15% or whatever. If all this Canadian and UK land is increasing at 15% per year why are they selling it in small plots in Malaysia and Singapore. UK interest rates are currently at their lowet rates ever yet no respectable financial authority is suggesting investing in Land Banking plots because they are rubbish investments of the lowest kind.

Question: If I sell you something worth 1 dollar for 20 dollars how long does it take to get your original money back at average 5% per year increase in value ?
Answer: 68 years without inflation, without profit.

According to this article here you have more chance of getting your money back on Roulette at Genting than you do by investing in Land Banking in the UK. The bet with the highest odds and highest payout in Roulette give 35 times instant return with around 2.5% chance of success. That is still 97.5% chance of failing.

UK Land banking plots 1% chance of payout in 20 years with around 3 times return.

So Genting is a lousy investment but still much better investment than land banking..

I'm in the field of land banking. I never trust those UK plots or whatever plots. I rather trust my own instinct and guts to buy land in Malaysia, because this is where I was born.

I know Malaysia better than I know nothing about UK.

This post has been edited by edyek: Dec 30 2009, 09:44 AM

I think just like any other investments, it's best if you only invest on something that you have knowledge of. Buying land on a faraway place where you have no knowledge of its value sounds risky.

We shouldn't mix gambling and investing as these two are totally different activities. Those who gambles and consider it as an investment will definitely meet ruin.

i m a suker for tis type of too good to be true stories too
they've been bugging me, as persistent as those mlm & insuran ejen
i was seriously considering it, since luv gambling
but not easy find any positive feedback, google is our fren so have to put it in the kiv file

http://propertyhighlights.blogspot.com/200...n-overseas.html

Anonymous said...

Folks, I would exercise extreme caution investing in the "Profitable Plots" schemes, it is a scam that was driven out of the UK and they have now relocated to Singapore. To give the company veil of respectability they have spent money on advertising and sponsorship of sporting events. DO NOT BE FOOLED, in all likelyhood if you invest in this "ligitamate scam" you will have genuine title to a piece of land as advertised. The UK has very strict planning laws and the chance of these plots being rezoned at any time is at best remote. These guys left the UK in a hurry, leaving behind some investors with virtually worthless title deeds to wasteland. One can only hope that the Singaporean authorities encourage them to move on as soon as possible. These are very sophisticated scam artists.
YOU HAVE BEEN WARNED. If you "invest" and have read this, please don't say you weren't told!

http://www.propertycommunity.com/forum/uk-...able-plots.html

Lysos Lysos is offline Senior Member

I did warn about this scam a year ago. Obviously, buyers in the Far East don't do the most basic research before throwing their money away, but that's why these land scam companies operate there.

http://www.thaivisa.com/forum/Profitable-P...up-t199299.html

p_brownstone Super Member

They were originally involved in "Land Banking" in the UK (see http://www.propertyscam.org.uk/) - buying Greenfield sites and subdividing them for sale claiming that Planning Permission for a residence was possible - it wasn't .

Recently they seem to have morphed into Investment Advisors, but whether that is simply an extension of the original scam I do not know.

http://www.realestate.net.my/forum/archive...stment-6373.htm

it would be nice if there were someone to share a true good news on this, with any relevant documents as proof don't want those 'somewhere over the rainbow scenario'

For landbanking discussion, there is another landbanking topic on it, can refer there for its risk part discussion.

http://forum.lowyat.net/index.php?showtopic=446628

As a rule of thumb, never put your hard-earned money into whatever you don't know about it which is the basic.

We know what gambling is but unfortunately not many people knows what a scam is and becomes victims.

I think this land banking falls into the same category of illegally deposit taking for investment which requires a BNM license.

Shouting, then shoving
Drama as investors turn up at Profitable Group office

A group of 11 men and one woman turned up at Profitable Group's Stanley Street office in Shenton way demanding answers regarding their investments.

They spoke to Mr John Nordmann, group operations director of Profitable Group, a global investment firm, which, according to its website, has interests ranging from lubricants to property.

They claimed that the firm had not made good on its promises to them.

But the conversation outside the office soon spiralled out of control into a shouting match. There was even some pushing.

Yesterday’s confrontation had its beginnings with the group's investments with Profitable Group between 2006 and 2009.

They said the terms of their investments, which they claimed promised them a certain return after six months, had not been honoured.

The 12 people claimed that their individual investments in land and lubricants with Profitable Group totalled about $700,000

http://www.tnp.sg/news/story/0,4136,241645,00.html?

ha, dah agak dah kena dah

i'm one of those 'sucker' who naively believe their 'reputability' being discussed earlier in the forum and their impressive presentation. here is my experience:
http://forum.lowyat.net/topic/1493789

my lesson is expensive, hope you guys can learn something from here.

Collecting public monies yet not a public listed company = SCAM!

I think I should subdivide one of my land into lots. And sell it to the investor who has been investing in Profitable Plot.

Guarantee each lot is given with Land Title (Issue by Land & Survey Department). And I will request developer to develop the said land, and give reasonable return to the investor.

Good?

It is quite true that some land banking investment schemes are scams, but there are some not scams..

Sometimes we have to admit, the rich invest outside of Malaysia, and they really earn something from there.. Therefore, most of them have foreign savings account..

For us, i do agree that investing and keeping money within Malaysia is safe, but we are unable to seek opportunities and potentials for our money or asset to increase if we only put our money within Malaysia.. Potential investments' opportunities too limited..

People confuse value with price. Value may increase. But if you pay 100 times the value then price will surely fall.
Every one of these UK and Canadian land banking scams is charging 15-100 times what the land is worth.
Profitable Group paid around 350 pounds per plot for Concorde Village to a very experienced UK land developer Taylor Woodrow. Taylor Woodrow knew the true value of that land when they sold it and they got a good price. Profitable probably paid double what the land was worth. But assume they didnt.

Profitable Group were selling Concorde Village at 8000 UKP per plot last year. That is a 2100% markup or 22 times increase.
If the land it doubles in value in 10 years it will be worth 700 UKP . Thats a 7300 UKP loss (or 91% loss) in 10years excluding interest you would gained by just leaving the money in the bank.

Profitable Group is now under investigation by the Commerical Affairs Department (CAD) in Singapore and have been added to the monetary authority of Singapore (MAS) investor alert list.

I have only 1 rule when it comes to investing aka, only in things I know, can see and touch. That means in land in my hometown or other towns that I know pretty well.

Since these land is in UK or Canada or wherever that I can not know/see/touch, I wouldn't even look at them.

End of the road

UK land scheme shock
http://www.thesundaily.com/article.cfm?id=56280

Celebrities roped in to sell UK land
http://www.thesundaily.com/article.cfm?id=56279

Ouch. That hurts.

what a shocking news for me. usually saw the advs. in espn while waiting for the game start;pundit score & etc.