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.
Profitable Plots
Jan 14 2008, 10:52 AM
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