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Articles tagged with: Landbanking

Written By: Tiang Chuan on May 19, 2011 No Comment

The CAD has rejected an application for the release of her passport from a director of landbanking firm Profitable Plots, reports the 19th May 2011 edition of The Straits Times (Director wants passport back from cops).

The lady, a Singaporean, claims that she could not afford to live in Singapore [...]

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Written By: Tiang Chuan on March 10, 2011 No Comment

In the continuation of the court case between the Criminal Affairs Department (CAD) and Profitable Plots as reported by the 10th March 2011 edition of The Straits Times (CAD wrapping up Profitable Plots probe), district Jude Roy Neighblour has ‘ordered CAD to provide the next update on July 8‘. It was also reviewed [...]

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Written By: Tiang Chuan on September 26, 2010 No Comment
Landbanking Subjected To HDB Rules

Yes, that’s right, landbanking is considered as a private property according to The Sunday Times. The 26th September 2010 edition of The Sunday Times ran a report – HDB rules apply to landbanking, highlighting that  “An interest in residential land, even on vacant land, does constitute ownership of private property“. Under the current [...]

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Written By: Tiang Chuan on August 26, 2010 No Comment
Landbanking firm Raided by CAD

A prominent landbanking firm with the well-known tagline of ‘Buy UK Land!’ was raided by CAD last week, according to a report in the 26th August 2010 issue of The Business Times. The story was reported in the Today paper on 20th August.

According to The Business Times report, documents were carted [...]

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Written By: Tiang Chuan on July 25, 2010 2 Comments
Landbanking Firm’s High Return?

A landbanking firm placed a half page advertisement on the 25th July 2010 edition of The Sunday Times. In the advert, a 28.24%  average rate of return was reported. The figure was even reported to be audited by a large audit firm.

Average rate of return is not the standard way [...]

Written By: Tiang Chuan on October 29, 2008 One Comment

According to the report Companies Commission Raids Three companies Over Illegal Land Investments, 3 firms involved in selling landbanking investments have been raided in Malaysia over suspicion of offering investments in illegal land investment schemes. The companies involved are UK Land International (M) Sdn Bhd, Profitable Plots Sdn Bhd and Edgeworth Properties (Malaysia) [...]

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