Monday, April 27, 2009

Land registry publishes warning on land bank investment schemes

On 15 Jan 2009, the Land Registry (U.K.) published a warning on land banking. So far, nothing serious is done in many countries including Singapore.

Land Registry has published a guide warning against so-called land banking investment schemes which are often advertised as offering big returns on investments in land.

The government department says many investors have handed over thousands of pounds for land that has little or no chance of being developed.

Plots of land are offered for sale, often online, and sometimes with the claim that there will be huge returns when planning permission is obtained for housing or other development. But the land is usually in areas protected from development by planning law.

Read my previous post on Land Banking - Read This First.

Land registry publishes warning on land bank investment schemes [via]

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