REDEV is great investment for CASHFLO $$$$$$$$$$$$$
Most others investments are illequid and the dilema of waiting.
Anybody bought CHGS or COUNTRY HEIGHTS GROWERS SCHEMES? (Palmoil investment)……Falling Palmoil big???

[QUOTE BEGIN]
RRSP Pension funds which individuals have the option to invest in and is managed by banks or private fund managers but NOT the Canadian government. They need to follow certain rules set our by the Canadian government however is NOT run by the government.

These plans typically invest in safe secure investments such as commercial real estate and at least 2 that we know of invest in ReDev projects over the last several years and at least one Ranchlands that consisted of many investors.

For confidential purposes we do not let out the names of these plans in the same way we do not tell anyone the individuals like yourself that have invested.

For your info, there is NO Canada government pension fund that invests in anything. The Canada Pension Plan (CCP) which is mandatory and not significant does not invest in anything.

[QUOTE END]
—
From the reply, I probed further:
(Following replies are directly by Lawrence Wong)

Q: “Does the Canadian government regulates or layout guidelines as to how RRSP pension funds are being invested by private equity fund managers?”

A: “Yes there are only certain sectors that they can invest in. Similar to our CPF Investment scheme, the CPF board have guidelines on the usage of CPF funds to invest in certain CPF-approved funds only.”

Q: “How does Canadian investors know if these private equity funds are sound and well managed?”

A: “Investors look at the management and where they invest as well as track record if any. It’s the same way you would research a mutual fund only this is planned to be used to fund retirement.”

—
Conclusion:
Since the Canadian government is not stupid to allow Canadian investors to loose their retirement savings in their CCP (as in CPF for Singapore), it goes to show that ReDev has proven itself (over 25 years) to be a sound investment partner for income generation for many retirees living in Canada.

Ameer: That’s an excellent question! I don’t have the answer, but I’ve requested proof from Redev head office in Canada.

Redev Group
250 Dundas Street West, Suite700
Toronto, ONT M5T 2Z5
CANADA

http://www.redevgroup.com/

I’ll keep you posted once I have a reply.

Good Investing!

I have also diversified with Redev. It is good to know that
candian pension fund is investing in REDEV’s projects at a rate of 50% but have u really seen any proof about that or simply heard it from Darwin.

Thanks

Ameer

For all:
Anyway, I’ve almost forgotten to update my findings from the meeting with Darwin regarding Redev. Indeed, commercial properties hold out very well in spite of the economic crisis in the US and other parts of the world. The Canadian government have investor’s pension funds, about 50% parked in each Redev projects.

The next Redev project is more of an office building located in Edmonton, Alberta Canada. The largest tenant is Canadian Post and their tenant-ship is about to expire in year 2009.

Good Investing!

There will be a REDEV Project Update on 6 Nov 2008 and the details are quoted as follows:

Dear Wai Loong NG ,

Thank you for your support and confidence in REDEV !

Further to the recent distribution of rental income in Oct 08, REDEV is glad to invite you to a brief Project Update session where Darwin, VP Redev, who returned from Canada recently , would be updating you on the latest developments in Canada in the midst of current volatile financial markets.

Info of the update session as follow :

Date : 6 Nov 2008, Thursday
Time : 7.30pm
Venue :
Claymore Room
Royal Plaza on Scotts
25 Scotts Road
Singapore 228220

In this session, Darwin will cover the following :

What is happening in Canada in the midst of current financial situation

Why Canada’s banks are the soundest compared to the US and Europe banks

What makes Canada one of the best places to invest even during this time

What is the impact of the current financial situation on investment and acquisition opportunities

REDEV’s stable portfolio of performing commercial plazas for the last 6 years

How you can maximize your investment dollar during this time

Please register your participation early. I look forward to see you during the session.

Jackal, will you be there for this update? Maybe I can meet you in person too!

Will update here again at a later time…

Is anybody going to the SMART Investment & International Property Expo in Malaysia KL?
Is it any good? I will be there cuz I have a bizz trip as well. Let me know.

thx, Brian

1) http://www.alantanblog.com on land-banking.
2) http://www.tankinlian blog on landbanking scams
3) http://www.propertyscam.org.uk