Landbanks taken down
1. Tim20/08/2008 16:22:54
Homepage: http://www.propertyscam.org.uk
Investors beware it looks like Land International (Far East) or Land International Group has changed its name to - Land Wealth Centre another likely scam. They will be exibiting on
16-17th August 2008 Time: 10am to about 7pm on both days
Venue: Suntec Singapore Internation Exhibition and Convention Center, Level 4, Hall 402-40
2. Tim20/08/2008 16:32:28
Homepage: http://www.landwealthcentre.com.cn
Investors beware this is the website http://www.landwealthcentre.com.cn - which use to be Land International (Far East) Singapore
3. Tim23/08/2008 04:48:49
Homepage: http://www.landwealthcentre.com.cn
It looks like landwealthcentre, oilestates, Sherwood Henderson are all part of Land International Group, Land international Far East BIG SCAM team
4. Tim23/08/2008 05:13:31
Homepage: http://www.landwealthcentre.com
Beware its all on www.landwealthcentre.com same Land International Far East SCAM etc....
5. Ronnie Yeo25/08/2008 03:23:16
Hi Tim,
Why you said that Land International is a fraud? The article said that "Affiliated Land International companies in Singapore and other Asian countries continue to sell land, unaffected by the UK shut-down order." You mean other countries allow this kind of fraud? Why you did not make a CAD report against this company? As far as I know all land banking companies are forced to close down. The changing of name is because they don't want others to associated them with the UKLI. Anything fishy here? Thanks!
6. Tim25/08/2008 15:36:48
Homepage: http://www.landwealthcentre.con.cn
Hi Ronnie,
read this below its the same land, being sold by a different company through www.landwealthcentre.com. I guess they are working through some loop hole in the law, because they cant sell the land through a uk company. The CAD has no power to stop them because the land is in the uk and sold without any gareentee of gaining planning permission.
Tuesday 5 August 2008 11:00
Insolvency Service (South West)
Land sales companies bite the dust
Four companies operating from Cheltenham and selling plots of agricultural land have been closed down by the High Court following an investigation by the Companies Investigation Branch of the Insolvency Service.
The companies began trading in early 2004 by purchasing land in greenbelt areas across England, which were then sub-divided into plots of typically 400 - 500 square metres. In excess of 700 plots were sold in this way to the public. Potential investors in South East Asia were also targeted through Land International (Far East) Limited. The common directors for the four companies were Michael John Morris and Stephen Nicholas Meissner.
The investigation found that during the sales process, prospective investors were told by the companies sales agents that the selling company in question would be seeking to obtain planning permission on their behalf, with the accompanying sales literature disclosing that separate management companies would be set up to deal with planning permission on behalf of plot owners at each site. In reality there was no prospect of planning permission being obtained.
All four companies failed to maintain adequate accounting records. Land International Limited had failed to file any accounts since incorporation in 2003, missing statutory deadlines for filing accounts for its first three accounting periods. This failure to maintain adequate accounting records assisted in attempts to mask the extent of the companies' trading activities including to properly account for their corporation tax liabilities. Applying the average plot selling price to the plots sold suggested that the total revenue would have been in excess of 10million.
NOTES TO EDITORS
1. The registered office of Land International Limited, Land International (UK) Limited and Land International (Marketing) Limited was at 6 St Georges Street, Cheltenham GL50 4AF, whilst Land International (Far East) Limited was at 1 St Georges Street, Cheltenham GL50 4AF.
2. The petitions to wind up the companies in the public interest were presented on 23 January 2008 under the provisions of Section 124A of the Insolvency Act 1986 following an investigation conducted under Section 447 and 453A of the Companies Act 1985 by Companies Investigation Branch of the Insolvency Service. The Official Receiver was appointed provisional liquidator of all four companies on that date. The petitions were heard on 16 July 2008, at which time the companies were wound up.
3. The Insolvency Service carries out confidential enquiries on behalf of the Secretary of State for Business, Enterprise and Regulatory Reform through Companies Investigation Branch.
4. The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they become insolvent. The Service also authorizes and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice.
5. All public enquiries concerning the affairs of the company should be made: The Official Receiver, Public Interest Unit, 21 Bloomsbury Street, London, WC1B 3SS. Public Enquiries: 0207 637 1110
6. Further information about the work of The Insolvency Service is available from http://www.insolvency.gov.uk
Client ref Ins/Coms/20
COI ref 164278P
7. Ronnie Yeo26/08/2008 04:33:32
Hi Tim,
There are three areas we need to look at. Firstly, is the land really not going to get approval? Secondly, if all these land banking comapanies are really that notorious like the Time Share, I won't believe that the Singapore governmnet will just close one eye or worse, both eyes. Thirdly,the UK companies being closed down were they in fraud or simply because they were implicated by the UKLI? Let's be OBJECTIVE. Thanks!
8. Tim26/08/2008 14:41:16
Homepage: http://www.landwealthcentre.com
Hi Ronnie,
I just found this, on the net lots of interesting points with website address to prove it.
Land International Far East
The world of Land Sales is now infested with some of the most shameless people you are ever likely to meet. And top of that tree must be Land International Far East now calling them selves www.landwealthcentre.com. Lets just take a look at some of their operation and then you can make your own judgement:
Look at the UK website for these people at www.landint.com
Here they say all their plots are sold out. They also say you can pay a £500 deposit and then £195 per month and proudly proclaim that they are licensed by the Office of Fair Trading. Ok, lets explain that one. When you offer credit terms in the UK you have to register with The Office of Fair Trading to ensure that exhorbitant interest is not being charged. So they do this. But it is the credit terms that are approved, NOT the land investment scheme itself. This is what they are telling people. It is simply not true and highly misleading. They also mention a guaranteed resale policy but there doesnt seem to be any details.
Now look at their other website www.landintfe.com Suddenly, the plots ARE for sale. So why don’t they have them for sale in the UK, but they do have them for sale in Singapore? Perhaps Mr Simon Beh, the Managing Director of Land International Far East and www.Oilestates.com could explain this?
Perhaps he might also explain how his land is going to get planning permission. He tells everyone that a planning consultant called DLP Consultants (admittedly a highly reputable UK planning consultancy) are the planning consultants for their projects. But DLP apparently deny this and say they have no involvement with them. And they don’t appear on the Client List for DLP. Best way to check this is obviously to contact DLP to verify this. Contact details are available at http://www.dlpconsultants.co.uk/
Mr Simon Beh may also wish to comment on his company’s claims that the land they are selling outside Swindon is going to have an integrated resort and casino built on it.
http://www.swindon.gov.uk/environment/planning/environment-planning-projects.htm This official Swindon Borough Council website doesnt seem to mention such a significant project.
You might wish to check with Swindon Council Planning Department for yourself http://www.swindon.gov.uk/planning
You’ll then find out that there are no plans for any integrated resort or casino. You will also find out that this piece of land (which they rather mysteriously describe as being in West London) is also completely outside the development area (both current and proposed) and isn’t likely to get planning permission for anything let alone a resort or casino.
9. Ronnie Yeo27/08/2008 01:50:14
Hi Tim,
Thanks for your clarification! You mean the land International has claimed that there will be an IR going to be built on Swindon vacant land? I don't really get it.
10. Ronnie Yeo27/08/2008 02:06:59
Hi Tim,
No offence, if what you said is true, then how come nobody take that company to court for misrepresentation or misstatement? And if the Singapore is aware of such fraud, then why didn't the government alert the public? All these don't make sense. I don't know about other governments but Singapore government won't tolerant of such fraud and nonsense in Singapore.
11. Christine C28/08/2008 09:31:52
Ronnie
Do you think the Singapore Government has time to check every investment scheme in detail ?. It took the UK authorities 4-5 years to catch up with these guys and a lot of people had to lose a lot of money. The evidence is overwhelming that you will not get your money back on a UK Land Banking investment. The reputable UK papers now openly report this as both a top 10 scam and a top 10 worst property investment ever. It is up there with Nigerian money transfers and Internet lottery wins. The Singapore Gov is not your mother Ronnie.
The friends you play with are your ow choice.
Guardian - Top 10 Scams
http://www.guardian.co.uk/money/2008/aug/23/scamsandfraud.consumeraffairs1
UK Times - 10 worst property investments ever
http://timesbusiness.typepad.com/money_weblog/2008/06/post.html
12. Tim28/08/2008 16:14:54
Homepage: http://www.sherwoodhenderson.com
Land International scam re-surfaces as Sherwood Henderson
By Andrew Penman on Aug 28, 08 07:11 AM in Investments
A nasty “land-banking” scam has re-surfaced under a different guise.
We reported last month how Land International and three sister companies fleeced investors by flogging green field plots saying the value would rocket once they got planning permission for housing.
The companies were shut down in the high court because there was “no prospect” of planning permission.
Now Land Wealth Centre and Sherwood Henderson – with the same “20 years experience” slogan – are using the same address and phone number in Kuala Lumpur, Malaysia, to flog the same worthless plots near Gatwick Airport.
13. john08/09/2008 08:54:20
Hi Tim & Christine,
I was reading the comments by you guys and Ronnie. Seems like is a war of words between both. The information is really really interesting.
I am considering in investing in Uk Land. Basically is simple, my buddy had invested with Profitable Plots in 2005 for 3000 pounds (Cherry Tree). Today they are getting a profit of 10,000 pounds on top of his investments. 300% is really really attractive to me. I had spend half my life in savings yet with no such returns
I am curious and doing my research now. It seems like everything in UK is impossible as stated above. Where does the profit comes from in the first place from profitable plots? There are a few companies having the product in different area. Can i ask you, are you just refering Land International only? What about the other companies like profitable plots, UK Land International, Jardine etc? If the others is good, which area is good for investments?
John
14. Willam13/09/2008 11:37:36
Homepage: http://www.bigadcreatives.com
This Tim is in fact a very unhappy ex-employee of Lsnd International (Far East) Pte Ltd in Singapore. He was the Presenter and Marketing Manager and his name is non other than Stephen John Dale, sometimes calling himself Danger Dale, and other names in various blogs and posting. He is now working for BIG ADVERTISING PTE LTD, Tel 65570810. I am sure he lied to his current company in his resume about his past employment with Land International. Here is the same person who once sold the UK land banking scam as what he said now and has collected a lot of commissions and money. At that time, he said he was a British and has worked in the Parish Council before so it is safe to buy from him. What he says now won't change the facts of what he is and what he has done. Everyone in Singapore knew that and that is why he has to hide behind all this Tim, and other names. Put a phone number now Tim! Anyway, your number is 91544722. Better still call his boss, Timothy Yew at www.bigadcreatives.com
15. Ronnie Yeo19/09/2008 03:10:54
Hi Tim,
I purposely waited till today then reply to your comments about Gatwick Airport is worthless. Do you know that this airport will be on sale and many conglomerates are going to bid for the airport? I am not vested with Gatwick land but feel that your word can't carry even air at all. My 2 cents' view, nothing personal!
16. Ronnie Yeo19/09/2008 03:18:55
Hi Christine C,
Singapore government is one of the best in the world. If the US and the UK governments were really that efficient and intelligent, they would not end up in such a financial mess! I should say that the CDOs are the no.1 scandal in this century since they were backed up by the government assurance and financial instituitions' promises. Hope you see things in a more objective manner!
17. Tim20/09/2008 09:39:02
Homepage: http://www.landwealthcentre.com
Hi Ronnie,
Gatwick airport master plan out for consultation
A draft plan for a possible second runway at Gatwick Airport has been published by airport operator British Airports Authority (BAA).
The new runway would only go-ahead at the West Sussex airport if a proposed third runway at Heathrow cannot be developed by around 2015 because of environmental constraints around the nation’s biggest and busiest airport.
The government’s airport white paper, published in 2003, committed ministers to honour a legal agreement with the local planning authority which rules out the building of a second runway at Gatwick before 2019.However, ministers also made it clear that land should be safeguarded at Gatwick for new runway development in case the Heathrow option could not be delivered.
Now BAA has published draft master plan showing how Gatwick could develop over the next 10 to 25 years.
This features a second runway 1,130 yards south of the existing one plus proposals for a third passenger terminal located between the two runways.
BAA has proposed to take slightly less land north of the current airport boundary than previously contemplated, so reducing the impact on the village of Charlwood where opposition to Gatwick’s expansion is particularly well-entrenched.
BAA plans to publish a final version of the master plan at the end of the year.
BAA Gatwick’s managing director Paul Griffiths said the proposals were "sensitive to the local community" and designed to manage their concerns "through responsible growth".
18. Ronnie Yeo22/09/2008 03:50:51
Hi Tim,
Who exactly are you? What is your background? Why should we believe you when we don't even know where you are from? Anyway you show us the airport blueprint for what? Are you telling us the surrounding land will not be developed at all? Just stste your stand will do, don't try to confuse us. Thanks!
19. Robert22/09/2008 10:34:46
Hi Guys, after reading all this i wonder ,are all these companies scams? I have been approached also by a company to invest money in this but it seems like there is only negative feedback.
20. Tim23/09/2008 01:31:39
Homepage: http://www.sherwoodhenderson.com
Hi Ronnie this is what it says at the top of this page, its up to you if you belive them or not ?
A group of landbanking companies that sold sites where "there was no prospect of planning permission being obtained" has been wound up in the public interest following an investigation by the Insolvency Service.
Cheltenham-based Land International and three subsidiaries, all controlled by Michael John Morris, 60, and Stephen Nicholas Meissner, 45, began trading in early 2004 when they bought greenbelt land. It was subdivided into plots of around a tenth of an acre which were sold to some 700 investors, pulling in an estimated 10m.
21. Ronnie Yeo23/09/2008 02:58:05
Hi Tim,
Until now I haven't heard what happens to those UK investors when the UK Land International wound up, not in the papers. At least I got to know that those who invested in the Lehman Brothers' minibonds got burnt seriously. Can you be more specific in your so called land scams? Did those land investors commit suicide or declare bankrupt? Whether I believe in you is one issue, there are other readers who can judge your words. Thanks!
22. Tim23/09/2008 16:56:45
Homepage: http://www.sherwoodhenderson.com
Hi Ronnie,
I found this on a propertyscam blog from one of the investors, looks like they dont know where to turn ? Do you have any advice ?
19. comment posted by DanJo 23/08/2008 11:21:28
We bought 2 plots of land (Gatwick and High Wicombe) from Land International 3 years ago. We paid for both plots outright. Investments were made with a view to financial security in the future for both of our children. We work hard and, to be honest, struggle - and wanted to make things easier for our kids. Unfortunately, we have been completely scammed and don't know what to do now. We have the deeds for both plots of land but don't know where we stand with these. Does anyone know if there is a way that we can at least get some of our investment money back? We too have seen the new website set up by Land International (trading in Singapore) and think its disgusting that these people can still con people. Any advice would be appreciated.
23. Ronnie Yeo24/09/2008 03:06:22
Hi Tim,
I would advise them to contact the Land International (Far East) and ask them for refund. If they refuse to refund, then they can contact Singapore CAD and lodge a complaint against the company. This is the best solution I believe. But I got these few questions:
1) High Wicombe has never been sold in public as the land has already been en bloc by Pakistan conglomerate, where on earth did they acquire the land from? We Singaporeans didn't have any chance of acquiring it at all, so don't you think there is something fishy going on?
2) Gatwick is only on sale recently in Singapore, less than few months and it is still selling, how on earth did they get hold of the land three years ago?
3) When the UK Land International wound up, why didn't the UK government force the company to refund the land that sold?
This is all I have got to say, it seems that you have got nothing concrete to justify your case. But thanks for sharing!
24. Christine C25/09/2008 05:28:51
Ronnie
I have no disagreement with your comments on the Singapore Gov. I dont believe Land Banking is regulated by the MAS so I assume unless someone complains or sues there is no reason for the government to be involved. That is what happened in the UK A few years of rapturous cant fail greed followed by a period of "why didnt the government stop me from being stupid". The FSA stepped in eventually but by that time most of the money was gone and we had several thousand poorer but wiser investors.
I dont follow your logic on investment. Are you saying that because some banking investments have gone bad that makes land banking a good investment ? A fact that there are no recorded successes for end investors in UK plot based Land Banking does not change because other investments prove to be rubbish as well.
This is just my opinion. Please feel free to ignore all the advice here and from the UK FSA and British Newspapers if you continue to think Land Banking makes good investment sense for you.
25. Ronnie Yeo25/09/2008 08:57:47
Hi Christine C,
I never say that Land Banking is perfectly safe. What I am sure is if something terrible really happens in UK, then I believe the Singapore Government will definitely step in to investigate. If the UK investors did lose a huge fortune with the UK Land International and the affiliated Land International (Far East) still operates in Singapore, how will the Singapore government react?
Take the issue of Lehman's Brothers' minibonds as an example, do you really think that the Singapore government will just shut its eyes and allow the investors to lose all their hard-earned money?
I heard that the Land International (Far East) was under the investigation of our Commercial Affairs Department this year when someone lodged a complaint regarding the UK happenings but the CAD had allowed it to continue their land sale business. What can we infer from this incident?
This is my 2 cents' view, correct me if I'm wrong! Thanks for reading!
26. Christine03/10/2008 06:45:45
Homepage: http://www.moneyobserver.com/content/sod%E2%80%99s-law-comes-little-too-late
Ronnie you asked about Cherry Tree - here is the official status on the planning application for Cherry Tree Grove in Colchester if that is what you meant ?
http://www.planning.colchester.gov.uk/WAM/findCaseFile.do?appNumber=073130
For an alternative view on UKLI Investors and other Land Banking companies read here.
http://www.moneyobserver.com/content/sod%E2%80%99s-law-comes-little-too-late
This article also explains why even in the UK these companies are hard to shut down. The identified real risk comes from the pricing of the land. Typically 90% to 99% of your investment is in service fees, commissions and future hopes. This leaves 1% - 10% of the purchase price as the current value of the land.
Since you are such a staunch defender of Land Banking it would be nice to know your real world position on it. I got interested because a good friend in Asia asked me to look into it in the UK because she wanted to buy two plots. I discovered that the company she wanted to buy from had been closed down by the FSA in the UK and were no longer allowed to trade there. Some of the same people were part of a new company in Asia selling the same UK based products.
If Land Banking still sounds like a good investment to you I have a friend in Nigeria who has a rich dead relative who wants to meet you
27. Mike06/10/2008 16:00:49
Hi, I purchased a plot in Wombourne in 2006 through EnglishLandPartnership. I have tried legal advice, FSA collective investment scheme,complaining to the legal society against browns solicitors for being involved in such a scheme, reading through various blogs, comments pages etc with no luck to find a solution to recover my money. Any advice will be welcomed.
Thanks
28. Ronnie Yeo07/10/2008 04:07:41
Hi Christine,
I have never defended UKLI or Nigeria but it seems that you are dead against land investment regardless of what company. There is nothing much for me to say. But I would buy land rather than getting Lehman's minibonds. That's all!
29. Ronnie Yeo07/10/2008 04:44:42
Hi,
Just depend on websites for land banking info won't be enough and the authority is not there. The Straits Time (Singapore newspapers) has got a lot of useful info about land banking. It is very reliable and to a certain extent very objective.
1) Investing in land overseas (By Lorna Tan), 07/09/2008
---It gives an overview of the land investment and has brought out one successful investor in Canada land.
2) Banking on overseas land/ investing in land beyong S'pore's shores ( By Lorna Tan), 23/9/2007
3)Potential risks of buying undeveloped land, 23/9/2007.
You can gather a lot of info from the Straits Time. But you need to pay for the aricles when you go into
http://newslink.asiaone.com/user/Login.action
Don't just listen to hearsay, grow up guys! Thanks for reading!
30. Andy 08/10/2008 06:34:10
Dear all,
So much arguments and comments on Land Banking from you guys !
I think it is first of all useless to argue over these matters. Time will tell if this land banking investments in UK and Nigeria can really make money for investors.
However, please let me tell you all a true storey about myself. I have invested in Canada Land Banking 12 years ago and 2 projects exited and I make good money. During that time when Land Banking is still very new and foreign to everyone, many of my friends commented that I am stupid and this thing is a scam and I will never get my money back. Time have proved them all wrong and I profited and now enjoying the benefits of my investments.
To be fair, I do belived that there are some Land Banking companies out there with the intention to cheat investors' money by selling to them low quality, country side land, parks an forests,etc,.. which will have very little chances of enbloc exits and investors may have to wait for a long period of time in order for this land sales to come true. But, on the other hand, if you all can look at the business model about land banking, it is really good as it will allow the average investor to own a piece of land and profit from the land sales later. So, no matter how much arguments you guys have put in, it will still come back to just an fruitless "asumption".
My suggestion is that why not give the land banking industry more time (say another 5 to 7 years) and see what happens. Meantime, please spend more time for some other more meaningful things, such as family, carreer, etc..
Sincerly,
Marson
31. PropertySCAM08/10/2008 09:07:50
Andy (or Terence or Marson...), we considered blocking your comment, as it breaks a number of elements of our comments policy, but have decided to allow it to stand as it affords an opportunity to point out an often overlooked fact.
Land banking has been going on in Canada and doubtless other places outside the UK for a number of years and some investors have indeed made money out of it.
The situation in the UK is different due to the existence of green belt and because of other planning controls present in primary legislation, for example the Town and Country Planning Act.
These restrictions have caused the market value of land where development is not permitted to stay relatively low, while the value of developed land has risen without constraint.
Over time, this has created a vast gulf between the value of land that can be developed and land that can't, and these different types of land can and often do exist in very close proximity to one another.
This makes it very easy to suggest to a prospective investor that, by buying a small piece of undeveloped land adjacent to developed land, he could make a substantial profit but it does nothing to increase the likelihood of the land in question being developed. Indeed it actually makes development less likely, for reasons which are explored elsewhere on this site.
And of course the party selling the land - the land banker - has already added a substantial margin to the price, creating spectacular short term profit for the seller and significant negative equity for the purchaser.
It is the actions of these middle men, the land bankers, that we question.
If you want to take a punt on land, then go ahead. But research the market and buy direct. You don't need the middle men.
32. Ronnie Yeo09/10/2008 02:51:20
Hi,
If the land is not meant for any development, then the authority shouldn't have allowed the sale to go through. It should remain as state land or reserved area. The problem lies with the UK GOVERNMENT POLICY. Look at the kind of mess the UK government is in you can tell how "capable and efficient" the government is. Nothing personal!
33. PropertySCAM09/10/2008 08:41:35
Ronnie, we have a free market here and almost all land is in private ownership. It is not for the state to step in and prevent anyone from selling a private asset at any price.
The principle underlying real estate transactions here is and always has been caveat emptor - buyer beware.
It is up to the buyer to ensure that he is paying a reasonable price for a worthwhile asset and it is the wholesale ignorance of this fact that has led too many people to eschew due diligence and to buy small patches of land at hugely inflated prices.
34. Ronnie Yeo09/10/2008 11:06:43
Hi,
You are right. Free market means free fall, so why kick a big fuss over land deal. Let the buyers be self responsible and learn through the hard way, shouldn't it be the case?
35. Enee13/10/2008 20:23:54
Did someone say they are selling land banking in Nigeria?
The biggest scamming Country in the Universe?
Just look up:
http://www.google.com/search?client=safari&rls=en-us&q=419&ie=UTF-8&oe=UTF-8
419... You think you have problem here? The 419 scam scams Billions!
36. Neutral19/10/2008 14:42:35
Ronnie's very defensive attitude seem to indicate a hidden vested interest. His last point smacks of someone who might just be from this very industry.
37. Ronnie Yeo21/10/2008 06:17:14
Hi Neutral,
I am a Junior College lecturer in Singapore and possess a Masters degree from the NUS. I don't moonlight in selling land and please don't speculate in any way! I speak up what I know and I only believe in authority publication, there is no vested interest! Thanks!
38. Enee21/10/2008 17:16:00
I was subscribed to the UKLI mailing list.
I've just had an email sent to my old UKLI email, it was selling property from this internet address:
http://www.portmillestates.com/
Is this a new UKLI venture?
Interesting
39. Chris28/10/2008 21:47:57
KUALA LUMPUR, Oct 24 (Bernama) -- The Companies Commission of Malaysia (SSM) today raided three companies suspected of offering investments in illegal land investment schemes.
The raids were conducted simultaneously at the UK Land International (M) Sdn Bhd, Profitable Plots Sdn Bhd and Edgeworth Properties (Malaysia) Sdn Bhd.
The companies had allegedly contravened sections 94 and 363 of the Companies Act 1965.
In a statement, SSM said it had conducted surveillance on the companies over the past couple of months.
http://www.bernama.com.my/bernama/v3/news.php?id=367182
40. Ronnie Yeo30/10/2008 02:13:27
Hi Chris,
Thanks for the updating! I just checked UK Land Banking Website at http://uklandbanking.com/
It seems to me that UK Land International (M) Sdn Bhd is part of UKLI, has got nothing to do Land International or Land Wealth Centre. Could you confirm this? Thanks!
41. Ronnie Yeo30/10/2008 02:56:47
Hi Chris,
I have filed a complaint to our CAD in Singapore and requested them to do a check on all the land banking companies. I warned them that land investments may turn into Sunshine Empire or Lehman issues. Hopefully they will conduct a thorough investigation.
42. Cat B30/10/2008 09:41:19
I would just like to say the following
Portmill estates - some of the same sales team and directors of UKLI work for this company that was set up by Bally Chohan. It is based at 18 Soho square, London.
UK Land International (SDN) was a malayasia company set up again by Bally Chohan and lent money from UKLI to sell UK Land to Malaysians.
43. Chris30/10/2008 11:53:29
Homepage: http://tankinlian.blogspot.com/search?q=land+banking
Ronnie.
There is a couple discussions on this site in Singapore that you may want to contribute to since a contrary viewpoint is always useful and encourages discussion.
http://tankinlian.blogspot.com/search?q=land+banking
On your other question on UKLI I dont know but could guess.
My problem is that if xyxUK plots ltd UK is closed down, xyzUK plots (m) Malaysia is under investigation, and xyzUK plots (s) pte ltd Singapore is offering the same products and has some of the same directors can you say they are in the same business that ought to be investigated ?
Common sense says yes and I hope the CAD follow up but lawyers seem to make a lot of money trying to prove otherwise. Note xyzUK plots is a completely made up name for example purposes only.
44. vincent30/10/2008 13:26:54
Hi Chris,
I am not vested, am a neutral forumer who enjoys all the postings. Do your search and you will know that UKLI is not the same entity as LI(FE). Different companies. Yes UKLI is in trouble due to not so ethitical business dealings in UK and beyond as well as bankruptcy issues. As I was reading this forum, I realised "Tim" is apparently a disgruntled ex-staff of LI(FE) and hence he went all out to confuse all between UKLI and LI(FE). His motive is rather vicious though. I hope this discussion could be more meaningful and less polictical for the sake of all. Tks for your time.
Vincent Yeo
45. Ronnie Yeo31/10/2008 04:23:35
Hi,
The CAD is currently looking into this matter and is conducting a thorough check on all land bank companies. So we just leave this matter into the hands of the authority. I will keep you updated!
46. Ronnie Yeo04/11/2008 01:51:01
Hi guys,
The CAD told me that so far no complaint has been filed against the Land Wealth Centre. They asked me whether I have any evidence to prove their fraud, my reply was NO. But I think the ex-employee may provide some insights to the CAD if he strongly feels there is a case. Regarding the other companies, I have never liked Profitable Plots and UKLI but just surprised that Edgeworth was involved. I rest my case. Take care!
47. comment posted by [removed]04/11/2008 16:50:42
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48. Ronnie Yeo05/11/2008 03:22:17
Hi guys,
I hate to say this. If you all really have got such inside info or get hold of any evidence, why don't you report it to the authorities? This makes me wonder who am I talking to, a bunch of NATO (No Action, Talk Only) members? Or worse, somepeople who are using the New Media to spread rumours or vent their frustrations because of some personal issues like speaking ill of your ex-boss. Haha! A waste of my precious time!
49. Ronnie Yeo05/11/2008 03:57:11
Posted on behalf of Edward
Your funds maybe sitting in a secured fixed deposit earning 3% to 4%
per annum, but is it really safe?
In an article by Warren Buffett in the New York Times dated 17th
October 2008 he says, "Today people who hold cash equivalents feel
comfortable. They shouldn't. They have opted for a terrible long-term
asset, one that pays virtually nothing and is certain to depreciate in
value."
The question that investors need to ask is, "Are there opportunities
to invest my funds securely during these uncertain times and earn
reasonable returns?"
Edgeworth Properties (Malaysia) Sdn. Bhd. a Development Banking
company from Canada is in the business of Property Development of
Service Lots and Homes for Canadians, particularly in the province of
Alberta. Its principle objective is to profit from the sale of service
lots and homes.
Edgeworth sources, evaluates and purchases undeveloped land in the
direct path of urban growth for the above objective. Therefore our
land is always next or near to existing development. It takes 2 to 5
years to obtain rezoning at which time the land is left idling.
By syndicating our land to investors, what Edgeworth is doing is to
unlock the dormant capital that is sitting in the purchased raw land
waiting rezoning. This is the perfect marriage between the developer
who does not want to tie up large amounts of capital and the retail
investors who are quite willing to tie up their capital mid-term for a
return that is double digit per annum. (Expected returns 18% per annum
after tax)
Jasper Ridge I our 6th project sold out in just 3 weeks and Jasper
Ridge II our 7th project sold out in 2 months.
We just launched Jasper Ridge III on Sunday 26th October 2008 at the
Le Meridian Hotel at KL Sentral. When you purchase Jasper Ridge III
you will receive a Land Title from the Alberta Government as in all
our projects.
Edgeworth is offering to BUY BACK YOUR JASPER RIDGE III LAND TITLE IN
30 MONTHS AT PRINCIPAL + 60%.
Yes that's exactly when you read. (Subject to Canadian Tax)
In summary Edgeworth will:
- Guaranteed Buy Back in 30 months
- Guaranteed Returns of 60%
- No Hidden Cost
- No Service Charge
Please contact me Edward for more information at 012-3391570. You can
make arrangements to come to our office.
50. Ronnie Yeo05/11/2008 04:02:31
Hi guys,
I copied and pasted the mail's content (from my Malaysian friend) in comment 49. Take a look and you will know why the Malaysian government checked on Edgeworth. Don't you think the assurance is too good to be true? This is what I call misleading or fraud.
51. comment posted by [removed]05/11/2008 04:27:26
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52. Chris05/11/2008 10:34:21
Hey Ronnie
Profitable Group is offering estimated returns of 250% in 3 years on Concorde Village on Singapore TV .
Do you think Warren Buffet will be buying this ?
I wont be 
http://www.youtube.com/watch?v=K43f-jvMG2o
53. Ronnie Yeo06/11/2008 03:01:53
Hi Dana and Chris,
Do you think any ex-employee of any land banking company who in any chance has been creating havoc or spreading rumours in this web-blog? I personally caught one called Rama in UK Land Banking Web-blog who has been posting the same old things, exactly the same words, in different web-blogs to badmouth the land banking company at different timings. I don't know his motive but I can't deny the chances of him being an ex-employee is very high. But anyway, it is nice talking to you guys or gays! Take care!
54. comment posted by [removed]06/11/2008 05:56:40
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55. comment posted by [removed]07/11/2008 02:54:32
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56. comment posted by [removed]07/11/2008 11:47:13
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57. Ronnie Yeo10/11/2008 03:05:07
Hi Dana,
Glad to hear that! I see angel in you (does not imply that you are "leaving" soon, HAHA!) and hopefully the world will have a better tomorrow! Take care!
58. comment posted by [removed]11/11/2008 06:43:34
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59. Chris11/11/2008 10:01:28
I note a land banking company has re-priced the selling price of its plots in UK pounds upwards by 40%. They are telling existing investors worried by a 25% depreciation in the pound against singapore dollar that the plot has already increased in value on the resale market by over 40% in 2 years.
In other words investor you havent lost money you've made it !! Buy more.
I estimate the underlying plot is still worth the same or less than it was 2 years ago which is now less than 5% of the current selling price. Land prices have gone down in the UK not up. Still no planning application and no date when permission is expected to be applied for or achieved .
This is basically a pump and dump or pyramid selling strategy over an extended period of time.
Dana you are right. At the same time the news programs are running items on the Leham investor losses and arguing about people being mis-sold and should there be more regulation they have TV adverts running on how you can get estimated huge returns investing in land banking.
Its messed up !
60. comment posted by [removed]11/11/2008 10:42:22
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61. comment posted by [removed]11/11/2008 10:44:12
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62. Ronnie Yeo12/11/2008 05:19:33
Hi ladies,
Since this is a free market, there is nothing much the aithorities can do. Let nature take its course and hopefully things won't turn out as bad as we had imagined! Anyway this credit crisis and global tsunami have already evaporated much wealth, how worse can it go?
Out of curiosity, I am from Singapore, you ladies are from where? Take care!
63. comment posted by [removed]12/11/2008 07:10:29
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64. comment posted by [removed]12/11/2008 10:20:03
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65. comment posted by [removed]14/11/2008 04:48:53
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66. comment posted by [removed]14/11/2008 04:59:43
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67. Ronnie Yeo14/11/2008 09:02:32
Hi,
My email is mingsuny@yahoo.com
68. comment posted by [removed]16/11/2008 08:54:02
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69. comment posted by [removed]18/11/2008 10:19:43
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