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Friday, September 18, 2009

Land Banking investors in Singapore described as NAIVE

Land banking is an investment practice to purchase land and hold with the intention of profiting from the plot by selling it away.

I posted several articles on the perils of Land Banking as investment and the most recent one which was posted yesterday described that the case of possible fraud is now very true.

One interesting article on Wikipedia says,

"Many land banking companies target victims outside of the UK, particularly Canada, Singapore, Brunei and Malaysia as residents of these countries are naive of the UK property market and UK planning regulations such as green belt zoning."

We are NAIVE!

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