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 Profitable Plots

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edyek
post Aug 9 2010, 12:14 PM

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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? tongue.gif
smartinvestor01
post Sep 13 2010, 10:21 AM

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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..


mcorp
post Oct 12 2010, 10:22 AM

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QUOTE(edyek @ Aug 9 2010, 05:14 AM)
4. Everyone wants a piece of land. It's the only sure investment. It can never depreciate like a car or a washing machine. Land will double its value in ten years. In less than that. Land is going up every day.(Sam Shepard)
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.
SUSOptiplex330
post Oct 12 2010, 03:22 PM

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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.

cuebiz
post Jan 13 2011, 01:06 PM

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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
edyek
post Jan 13 2011, 02:10 PM

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From: Land of the Hornbills & Land Below the Wind


QUOTE(cuebiz @ Jan 13 2011, 01:06 PM)
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. icon_question.gif
sandwich_box
post Jan 13 2011, 02:12 PM

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QUOTE(cuebiz @ Jan 13 2011, 01:06 PM)
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
*
what a shocking news for me. usually saw the advs. in espn while waiting for the game start;pundit score & etc.

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