SMART Investment and Property Expo 2008 Review
I’ve been kept rather occupied this whole weekday at work and seriously thinking about the next article I want to write. I have a few number of issues and topics to cover, but eventually, I’ve decided to hold them all off until the week is almost over … to make time to put together this week’s exciting SMART Investment and Property Expo 2008!
This year, this event was held in Suntec City Singapore on 29th and 30th March 2008, shocasing overseas properties and many other investment products. Visitors are most welcomed to patron the exhibits and live seminars from 10am to 7pm on both days.
If you’re not interested about your financial future, then I’m sorry because this article will be filled with information that is of no interest to you. Even so, I highly encourage you to check out the information below because this exposition are not 100% catered for local property investments. There are a great deal of lower priced assets like properties that are based overseas which can be readily affordable by small retail investors like you and me.
Allow me quickly summarize my personal findings on the exposition…
I arrived at Suntec City, approximately 3pm, and found out that there were already a number of exhibitions running concurrently. I was quite surprised to find a very long queue at the level 3 halls, but I’ve no idea why.
The investment exhibition is based on level 4, occupying the whole of Hall 402 so there was no mistake that those people I saw weren’t queuing to discover a great investment hit.
I found my way to level 4 and was quite surprised at the quietness! I think for a second and decided to take my first shot of what happened as you’ll see what I mean.
Here is a snapshot of the traffic as I move up the escalator and approaching the registration counters.
As you can see, and unlike the IT Show 2008 held earlier in Suntec City this month, there were hardly any people rushing in to check out the latest/alternate investment vehicles around. I conclude that the majority of folks out there are more interested to spend money and enjoy luxury items, than to take efforts to discover ways to make their money work harder for them.
Anyway, I took a number of interesting pictures of the happenings around the Hall. Below are some samples and descriptions.
Personally, I really enjoy gazing over miniaturized models of private houses and condominiums. Though I can’t afford them now, it pays to check them out and put them on my visualization listings.
My perspective of Malaysia properties are a lot vague and personally, I don’t like the idea of investing in properties in Johor Bahru (JB) or Kuala Lumpur (KL). As you can see, the government of Malaysia has just been formed and I’m not quite sure if it’s a go for expensive investment like property. Imagine that you’ll depend very much on the stability of the economy and the law enforcement agencies to protect your invested assets. I could be wrong about this though.
As I’ve heard too, Thailand is another attractive location for property investment. Much of such investments in Thailand has a lot to do with tourism. You guess it already – it’s resorts and residential real estates.
Unfortunately, I do not have the information to assess such deals, and often too, such investments are worth millions of dollars, putting retail investors like you and me out of reach. It is possible in the future that ownership of such assets, may be made readily available to small investors.
The exposition is not all about exhibits of real estate developers and retailers. There are a number of exciting seminars too!
Seminars are conducted concurrently in two separate locations across the hall. I’ve already missed quite a fair bit of the keynote speeches by the time I arrive so I try to squeeze in to listen and take some occasional pictures of the interactions between the guest speakers and the public audiences.
From what I understand from the points presented, there is no better time to buy properties here in Singapore. No comments on that one because I don’t have a few millions dollars to take their advice anyway. Do consult your trusted property/real estate agent before committing huge bucks on any long-term high ticket investments, even if you can afford to.
I’ve found an interesting booth at D05 from UM Land Berhad showcasing some projects with Capitalland. I like their miniaturized model of a condominium with all the cool lightings coming from within the little windows!
Are you already tempted?
How about these ones from Sunway City Berhad?
I’m sure they’ll blow you off your socks! 
As I wonder back and froth the exhibits, looking out for any familiar faces, I caught sight of Vittorio (one of the most prominent guys in my coaching class back in year 2005) standing next to Seminar Area 2! Not really sure if it was him and if he could even remember me, I went up to him to say hi anyway!
Boy was I glad that he can still remember me!
He is still with Walton International Group even after 3 years since we’ve last met, and have thus progress to the position of Assistant Vice President for Walton’s land banking sales force.
What surprised me more was his close contact with coach Manoj and that he is now receiving coaching that he missed in the final phases of the coaching course. I took the opportunity to learn much more from him about his approaches to solid ground investment and options trading using methods taught by Dr. Clement Chiang of Freely Options Trading School.
Vittorio also taught me some important lessons on wealth building, such as by attending and learning as much from seminars like this one. According to him (and taken from somewhere which he had forgotten), it has been statistically measured that as much as 50% of people who ever take action to learn, improve and enhance their investing strategies, 90% of these people shall eventually succeed to attain what they want financially in life.
I had the fortune also to pass this photograph to him the next time when I get back to him and his coaching progress with Manoj!
I picked up more information about the truth of CPF ordinary returns of 2.5% and how the lock-in and minimum sum schemes will affect all of us in the long term.
Imagine if you do contribute CPF from age 25 to 65 (40 years) at 2.5% compounded annually, here is what it is if the same initial $20,000 OA and SA account would grow to at 3.5%, 5%, 7% and 8% compounded annually.
And that most investors with CPFIS on average, does not even beat 2.5% offered by the government…
Even government investment agencies like GIC and Temasek Holdings are making returns at higher rates (8.25% over 25 years and 18% for Temasek over 32 years).
In short, if you can wisely invest your CPF in various investment vehicles to yield higher returns year-on-year, do not allow it to get eroded by high inflation and low rates promised by the CPF board.
Use free, unlimited fund switching and portfolio re-balancing techniques to your advantage to average out loosing investments while keeping focus on wining ones.
It took me a long time before I’ve found AAG’s booth for REDEV Properties. For your information, I am already invested with REDEV on some solid commercial real estate properties, just earlier this month.
Coincidentally, I was invited to a much privileged buffet dinner at Royal Plaza Hotel the night before, with many of AAG’s private investors. The evening was casual and was graced by the presence of REDEV’s president, Richard Crenian and his young partner, Darwin Forer, VP Sales for Asia Pacific.
Real estate income and gain (REIG) programs in my understanding, is an attractive investment vehicle not commonly known to the public. Such investment offers unique rental income returns, and at the same time, very attractive capital appreciation of anywhere from 25% to 40% when buyout takes place, and upon 60% votes by stakeholders.
Each project is 100% own by REDEV, the residents of Canada (similar to CPF), and the remaining ownership is open to all global investors worldwide. Liquidation is easy as potential buyers and sellers are within the same pool of investors who are already making comfortable returns from existing ownership and want more equity of its kind hoping for larger capital appreciation share on buyouts.
To take advantage of such unique opportunities, one will have to establish the relevant connections and timing of entry for new project offers, such as vacancy of offer from REDEV and floating foreign exchange rates which you must be comfortable with (since it’s a mid to long term investment vehicle).
Investment Type: Cash Flow + Capital Gain (Tax already factored)
Investment Size Per Lot:
- CAD$10,000 minimum (Arrangement By AAG)
- Multiples of CAD$25,000 to CAD$100,000 (REDEV)
Income ROI: 8-10%pa (passive income paid in CAD)
Capital ROI: 25-40% of initial valuation
Breakeven: Approximately 5 years
Income Life: Until estate buyout upon voted by > 60% investors
Payment: Check of once or twice per year
That’s it… for now!
I’ll be heading off again now (in the morning on day 2 of this exposition) and I’ll be right back to keep the rest of this article updated as soon as I possibly can!
Latest Updates (30th March 2008, 1600hrs):
I’m back again!
I caught up with my friend, Edmund Lee who is particularly interested in investment vehicles and he’s eager to check out what this exposition has to offer.
I showed him around to some other cashflow producing asset such as oil and gas field.
OilPods is a marketing company was established here in Singapore since 2005 and works with their partner at Powder River Petroleum International Inc (OTC:BB Symbol PWDR). Powder River Petroleum International is the business of active production, acquisition, and marketing of crude oil and natural gas properties.
Cashflow as opposed to capital appreciation, is vital if you happen to have a lot of spare cash and you are looking out for stable source of passive income for your retirement. Other strategies involve yearly investments to build multiple streams of passive income to your bank account through Giro.
The interesting fact about cashflow driving assets is that you can stagger them up in the order you want each year as you re-invest those monthly generated income into more and more cashflow.
In theory, if you have USD$100,000 of spare cash right now, you can potentially generate USD$1,500 (possibly 12% to 15%) or more passive income into your bank account month after month! If you re-invest all that income year-on-year for straight 5 years, you can retire on USD$3,000 or more worth of residual income (and keep rolling) for the rest of your life!
Investment Type: Cash Flow (Tax already factored)
Investment Size Per Lot: Multiples of USD$10,000
ROI: 12-15%pa (paid in USD)
Breakeven: Approximately 5 years
Income Life: Until the oil/gas well runs dry in 12-20 years (and possibly 30 years for gas well).
Payment: Monthly GIRO
Not bad at all for small retail investors!
Before you get over excited, let me identify investment risks associated with this asset class:
- Monthly deposits of income generated from foreign is subjected to foreign exchange rate. One may argue that the dollar is weakening against Singapore dollar and it may be a good time to buy US assets. Unfortunately, your income is converted to SGD which means your income is very much affected the strength of the dollar.
- Hurricanes or other natural disasters may hit your oil or gas fields (as much as twice a year?). As such, mineral minings may be disrupted for months until repair work is completed. Fortunately, these assets are insured against such disasters so that may not sound too bad after all!
- Risk of liquidation of Powder River Petroleum Inc. Fortunately, mineral title deeds are issued to private investors like you and I. If so unfortunately, that the company is filed for bankruptcy or other legal lawsuits, you still own the asset titles. Your title may be auctioned and sold at market value, depending on the amount of reserves under the fields that you own. Generally, your investment principle is recovered (breakeven) when you received your 36th checks (3 years) or 60th checks (5 years).
Interesting?
Wait till I check out another deal which is a competitor of OilPod. It’s always good practice to find out differentiated investment products before committing cash for long term.
I haven’t got a chance until next week to find out more from their presentation. Once I’ve got the details, I’ll keep you posted on my findings here!
Updated On 6th April 2008!
I attended the open presentation from Oil Estates on Thursday and found out a lot more about investing in Oil & Gas.
It turned out that Oil Estates is a newly established competitor to Oilpods (about 1 month old now) and it looks like it’s the only competitor you can find in Singapore. Important discovery I made was, Oil Estates IS a Lead Investor in minerals, unlike Oilpod, which the latter is solely a marketing company.
What does that mean to investors?
Simply put, if a company exist purely to provide an investment service to real estates or oil/gas fields, investors themselves have to engage their own attorneys should disputes occur. The service agency have in no way liable for the losses of their clients.
Oil Estates in this context, is a lead investor. This means that they have a vested interest in the projects they work on and they are unlikely to default unless the company liquidates. In this case, the speaker claimed that the company has a paid up capital of more than SGD$500,000 and has been around to the past years serving clients in acquiring UK assets (land).
Oil Estates works as follows:
They take investor’s money and buy existing oil wells from their 2 operators in US Texas. These two operators are GM SOUTHEAST ENERGY VENTURES, LLC and DAYSTAR OIL & GAS CORP. DAYSTAR is a private equity-funded company established in 1996, while GM is a public-listed company on NASDAQ OTCBB USA, and being the 39th largest producer in the State of Texas. These 2 experienced operators together, manages Oil Estate projects to help spread risks for investors.
With the money raised from 8 different countries where they operate, Oil Estates pay a premium for existing oil/gas wells from one or more of the above operators and start paying investors 3 month after they receive their Mineral Title (also known in USA as Working Interest).
Other portions of the money raised goes to pay for lease secured by the operators. With secured lease, the operators can start exploration and drilling in preparation for production.
Important thing to note, is that the working interest is filed and safekeep in the County of Orange (Texas) where operators are obliged by law to pay all parties in the working interest from the profits made in mining from their fields.
Subsequent money raised from investors are used to run other projects, include redevelopment and exploration programmes.
Unlike Oilpods, Oil Estate seeks to minimize risks by spreading investor’s money on a whole programme, rather than per project as marketed by Oilpods. This means that in the case of dry, uneconomical and low production wells, this can vastly reduce investors’ returns.
Unfortunately, such investments have their risk, the biggest being natural disasters such as hurricanes (Texas), and the weakening of the US dollar.
Investment Type: Cash Flow (Tax already factored)
Investment Size Per Lot: Multiples of USD$12,000, unlimited
ROI: 8%pa plus variable bonus (passive income paid in USD),
thereafter 5 years breakeven, no less than 10%pa.
Breakeven: Approximately 3.5 to 5 years
Income Life: Until the oil/gas well runs dry in 12-20 years (and possibly 30 years for gas well).
Payment: Monthly check or GIRO
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I turned around finally to Walton International and caught a quick chat with their sales team manager. Interestingly, he and Edmund share the same name and to commemorate this special occasion, I offered to take a photograph of them.
Finally, I introduced REDEV and Managing Partner of AAG, Lawrence Wong to Edmund. We learned a lot more about REIGs, the potential of passive incomes and capital appreciations by investing in commercial real estates.
Lawrence was very patient and kind to explain further on some of our other queries, for example, the types of other investments that AAG recommends to clients and what are the pitfalls of similar products that salesman do not tell you about.
—
That’s it and thanks a lot for reading this far!
I trust that you may have benefited somehow from some of my own findings.
If you have anything interesting to share, or want to know more about a particular investment class, do feel free to drop me your comments below!
Good investing and live a life with passion!
Resources:
Posted in Investment
Hi,
I was at the expo as well and I am amazed that you have really done lots of research and a good article on the expo.
However can I just point out that the link for the official SMART Investment and International Property Expo is actually http://www.smartexpos.com and not the link you have given.
Kudos to your well written and informative article!
Cheers!
wrong website it should be http://www.smartexpos.com
@ Anon and Rick:
Thanks for pointing out the mistake!
I’m so sorry… and I’ve already updated the error with the strike-off and updated URL at the bottom.
So what other interesting stuffs have you guys picked up from the expo? I’m already convinced that it’s a lot more informative and useful than the investment expo (also in Suntec City) held earlier this year.
BTW, how are you guys doing financially? I’m considered a newbie in many areas of investing so I’m looking to learn as fast and as much as I can while I’m still going good!
Thanks again… you’re all most welcomed to share your findings and discoveries here! I look forward to hearing from you guys again!
Be careful about oil and gas investment with private equity companies. Some of the principles might not be trustworthy.
It appears DayStar Oil & Gas mentioned in your article above has just filed for bankruptcy in Texas. This is a company the claimed to have $100,000,000 in reserves right up until filing.
http://www.txwb.uscourts.gov/information/calendars/cag/1-04-09-2008.htm
@ Oil Tx:
It appears that DayStar Oil & Gas has indeed filed for bankruptcy in Texas! Thanks a lot for the timely notification for everyone here!
Lesson learned:
Financial information on private equity companies are not easy to uncover. The only thing you’ve got left is your mineral title deed (if you’ve unfortunately gotten yourself invested on this one!).
I was there participating at the Smart Expo show
I was @ the Move With Us booth … I was pushing for management farmland in Argentina … MWU has couple of UK government pension approved investment product … however, due to dis-agreements with the management … our team has subsequently exited from MWU … now we are working on managed coffee plantation outside Medan … will keep you posted on this …
Hello Alex!
Wow! You’re now into the industry of finance? That comes to me as a surprise from a tech guy!
Anyway, are you doing investment product sales full time or part-time, and still doing tech sales?
You mention farmland? Do keep me posted, as I’m pretty keen to expand my knowledge in investments in different asset classes!
As far as we know Oil Estates is not working with Daystar but with Exterra Energy and Exxel. Their first project will be the Barrnett Shale project.
That’s strange…
I’ve received a printed sample copy of the partial assignment of oil and gas leases, filed in the state of Texas, county of orange.
A small quote from this sample document:
It wasn’t mentioned in the marketing brochures as DayStar. I derived it out from their sample documents. And there should be minimum mistake too because I saw the name being flashed out on the presentation slides.
Comments?
Hi All,
Beware Oil Estates history is with Land International Far East which is a SCAM in the UK being closed down buy the FSA UK goverment. Look at http://www.propertyscam.org.uk there are lots of Land banks being Shut down for breaking the law.
BEWARE!!!!
http://www.propertyscam.org.uk
Hi All,
Oil Estates are linked to Land International Far East which is a possible SCAM company being closed down by the UK goverment FSA http://www.propertyscam.org.uk
BEWARE!!!!
Thanks Tim!
I’ve visited Oil Estates office in Singapore and I’ve seen their retail certificates on their walls.
Their current address is:
Capital Tower #09-13
Robinson Rd
(Building is near Tanjong Pagar MRT station)
Anyway, I’m not in a position to comment on their land banking business as I’ve not seen their sales presentation.
Perhaps anybody can comment or verify that? I understand from reliable sources that there are quite a number of UK land banking scams around.
Hi
I am new to investing in oil and gaz. I was wondering if you have any experience with OilPod.
Thx
Sam
Hello Sam!
I’ve been to Oilpod’s sales presentation too, but I’m not investing with Oilpods for several reasons.
First things first, Oilpod is a marketing company incorporated in Singapore. It works in partnership with a US based oil field owner and what Oilpod does is to provide a service to likely investors. If the US partner runs away, then it’s up to the investors to handle all litigations.
I know, this is a risk that all foreign investors have to take, but from the looks of current crude oil prices, it is unlikely that the company go belly up. Also, you may want to consider factoring risks in exchange rates and taxes for dividends paid from the yields of foreign investments.
The reason why I’m not invested is because I’m saving up for longer term investments. I’m currently studying hard to evaluate certain groups of value stocks (businesses) that I may consider to invest in. Part of my savings will also be channeled to mini forex trading (possible in the near future).
Finally, some savings will be channeled to buying another REIG asset when the opportunity comes around again next year. In my opinion, REIG pays higher returns, and is exposed to less risk than Oil fields mineral title deeds.
Tim, can you substantiate that Land International is a scam? Are you from a competitor? Just because their UK directors’ company which is not linked to Singapore is shutted down for grouping investors for planning permission for the UK sites. The land sold by the Singapore company is own wholly by the Singapore company, Land International (Far East) Pte Ltd. It is a different entity and has no shareholding links with the UK and therefore not affected by the UK which is shutting down all land banking companies, good or bad under FSA for collective Investment scheme (CIS). The Singapore company will seek planning permission from Singapore. If no planning work is done, it is unlikely the site will get planning permission and investors will get hurt. This CIS is the same as our enbloc sales in Singapore, you cannot group investors for such collective sales in the UK. They could not find a law to shut down the bad land companies, thus they use the CIS. FSA has no category for regulating land sales even if legitimate land companies want to be regulated.
As with Oil Estates, it is a separate company altogether.
John Tan
Dear Wai Loong,
I am very concern with investment products that produced what is generally termed as “income stream”. Companies such as Oilpods and Oil Estates are a big concern to me and they have been proven so.
The fact is: if the business is profitable, no logical business owners will want to share their profit with you. Would you not agree? So whenever companies that are so “kind” to share their income stream with you it only leads to greater suspicion and we must not be easily attracted by these so-called income stream products because as soon as they are here, they can be gone. Oilpods have been around for 5 years and today they are in hotsoup because Powder River Basin their US counterpart has not been able to pay Oilpods… as they found out that the field do not have oil and the engineering reports they have given were fake.
Now Powder River Basin is reportedly having financial trouble. Does it sound strange? Oil price is doing well and they, a oil company, have problem.
http://biz.yahoo.com/e/071114/pwdr.ob10qsb.html
Read this: http://forums.hardwarezone.com.sg/showthread.php?t=1623743 and find out how some of these “income stream” products have each found out to be scam!
Redev could be looked upon with similar light.
Look at the discussion at this link:
http://www.lioninvestor.com/oilpods-update/
The more you think about it, the more it sounded concerning.
If the boss of Redev has already owned those commercial building, why is he so kind to share out with the investors? Who in the world will be so kind to do so?
If he has not own the building, then he is simply raising funds to acquire the buildings with the investors money. Do you know how much is their markup? According to a friend of mine who pioneered with them and who has worked for Capitaland, he told me that he left the company after finding out that their buildings were marked up more than 400%! Now that is scary. Have they shown you the purchase price of their buildings? Never. They are hiding something?
According to some other friends of mine who has spoken to them, they have always rejected investors from obtaining the rental agreements signed by the tenants. If these are co-owners of the buildings, why aren’t Redev willing to show them the rental agreements signed by the tenants? Are they hiding something? Did all those buildings really have those rental as described?
Somehow the Redev’s offering sounds very fishy.
And consider the fact, if they really own so many commercial buildings, they are much bigger than City Dev or Capitaland isn’t it? But why aren’t they even have a proper office in their HQ in Canada? According to a local Canadian, Redev office is a 2-3 man table office in Canada. Does this sound concerning to you?
Just consider those companies that come and go: Swisscash, Oilpods (in the process), Sunshine Empire, eBarrel, etc what do they have in common? Income stream! You invest and within a short period of time, you see your returns. Why are these companies doing this? They do this to make you believe and hopefully will invest more with them. If they can continue to find more suckers to pay those who invested earlier, then good luck. If they can’t find enough suckers, then the company will close down.
Consider this: Why aren’t Redev setup in Singapore? Why is it that AAG is the one who was setup? Similar to Oilpods again… can you see?
So watch your money carefully. Do not be easily swayed by such money-making schemes. The sales people are the ultimate winners.
Hi Wai Loong,
Scary isn’t it too see so many great sounding investments turn into nothing but investment drainers.
I firmly believe that $$ should be effort based. Clean hard earned $$.
But if you conform to good ole Robert’s (Kiyosaki) theory, of other people’s money, other people’s effort & other people’s time, then putting in 10% effort with a group of good friends in a reputable network marketing company may seem like the safest and most affordable franchise opportunity available. You control the earnings as it’s a legitimate biz and reap the royalties many years down d line.
The earnings you make from your biz, just invest in a reputable hedge fund or unit trust company. Why not even Walton, hear they’re slow but SURE.
EARN fast and INVEST slow but sure. My 2 cents worth.
Hello Jacob!
Really appreciate your kind concern and inputs! I believe your intentions are good and that you have the best interest for everyone!
I have no comments on Oilpod and since I’m not tracking on their progress, there’s no way I can make objective comments without any solid backing evidences.
As for REDEV, I have personally met its founder and co-partner Darwin Forer, VP Sales for Asia and REDEV who is currently stationed in Hong Kong.
In my own biased judgment, he does not look as bad as you have mentioned. No offense I hope… but since I’m already an investor, I do not want my own anchored perspective to distort and confuse other potential investors.
I understand your concern on the small Canada office and manpower. Though a possible fear have struck me, I have rationalized that having a small office does not equate that a business is in trouble. Have you heard of the legendary SEO expert, Brad Fallon? He has a really small staff strength probably less than 5 staffs to manage a wedding favor business with a turnover of over a hundred millions dollars.
I’m still taking a neutral outlook on the fundamentals of commercial real estates and the economy of Canada, especially in the region of Calgary where oil sand is in abundance. As of now, I’m taking a seat back and back to hit the books and learn the fundamentals of value investing from gurus like Benjamin Graham and Warren Buffett!
Good Investing!
Hi Wai Loong,
Anyone knows about http://www.edgeproperties.com
I understand it is pink-sheet company
any infos. on pink-sheet penny stocks?
Is it safe to invest with such companies.
The company Edgeworth Properties is a US company marketing land/developments in Calgary,Alberta.
It should be http://www.edgeworthproperties.com and it is about near 3yrs. old they have been aggressively recemtly in Singapore…any takers on these company
Hello Jackal!
Yes, I’ve heard about Edgeworth Properties. I haven’t taken a look at their investor’s relation yet, so I can’t comment. Are you already an investor with Canadian properties? If you have not, and are interested, I can introduce you to someone whom I know who can get you started with REDEV or Edgeworth Properties.
Good Investing!
Hi Wai Loong,
I love Calgary,Alberta and I’ve invested with Walton & Redevproperties and guess what?…….Both are showing good results in NE & NW Calgary.
The saying is better to invest in both Land & Physical Properties connected in OILSANDS Boom than OIL & GAS players.
Without Land, there will be no housing or Shopping/Offices…that support human actvities….simple as that!
Oil Wells are depreciating assets & Tax Royalties goes along with more oil production so where is the cashflo???
Hi Jackal!
Money will flow to where it is most profitable. I’m currently looking optimistically at Redev though I haven’t receive the title deed yet. I have been advised to wait about 6 to 9 months for title delivery. Anyway, since it’s paying a good cashflow and above than average capital appreciation, I can better focus on my other investments.
BTW, how much have you learned about Edgeworth Properties? Do you mind if you can sharing with me your research?
Thanks!
Hi Wai Loong,
have you heard of Gatwick Land marketed by Land International? Thought they have struck gold now that there is a poss that gatwick Airport will be expanded, and will eat into LI’s Land. Any comments?
Hello Joanna!
I haven’t heard of Gatwick Land. Is this US, UK or Canada land? Care to elaborate your findings further? Is Land International incorporated in Singapore as a marketing company for Gatwick Land?
Thanks!
Wai Loong on Yesterday at 12:57 pm
Hello Joanna!
I haven’t heard of Gatwick Land. Is this US, UK or Canada land? Care to elaborate your findings further? Is Land International incorporated in Singapore as a marketing company for Gatwick Land?
Thanks!
According to the website, Gatwick is located just outside Gatwick Airport (South London). Land Int apparently holds 20% of the land, with the rest in the process of marketing out. They explained they do so because they want to have a stake. Did a google search, apparently Gatwick Airport is poss slated for sale and expansion. Not sure of the impact on the land though. May attend one of their sessions to find out more.
Hello Joanna!
Now that you mention Land International again, I checked out that John Tan did mentioned that in an earlier post (see comment #16).
If an airport is to expand into their land, the obviously effect to the investment is likely to be negative. Are you attending the sales presentation from Land International soon?
Just curious to know if it’s going to be at Capital Tower (near Tanjong Pagar)?
Good Investing!
PS: Do keep an eye on Jackal’s latest post above (comment #23). Edgeworth Properties seemed so hot now that their newest land project was sold out within 2 months after it was launched.
http://www.edgeworthproperties.com/
PPS: I have been invited to attend the Edgeworth properties local seminar to find out more on Alberta land but I have been rather busy lately. Frankly speaking, I am not cash rich so I cannot afford to plunge down anywhere like CAD$25k even if the deal is priced attractively and returns a relatively good yield. I am more interested now to go slowly on value investing while keeping an eye on other asset class like precious metal, land or commercial properties. Do not let my own financial situation and judgements affect your investment decisions!
Hi Joanna,
Better to avail yourself at Property Investment seminars, talk to the real people, do your due diligence….search the net especially London properties http://www.propertyscams.com.uk.org
or go to google search and type property scams.
I have gone through all of them and I will only invest with reputable companies with long track records that delivers!
beware of glossary brochures and captivating promises on guarantees…….sometimes your intuition can tell!
Hi Wai Loong,
Congrats! we both have invested with REDEV.
Walton is now selling US Lands….I love Calgary lands in Alberta, Canada.
I was also told that to invest only Canadian registered companies first thing first! then go by track records and aftersales service too!
Hi Jackal!
I’m not sure if Walton is doing the right thing on Texas, but I still like the idea of solid commercial property with tenants on the long haul with strong fundamental reasons in Calgary.
I’ve yet to receive my Certificate Title on Ranchlands Village, as I understand it’ll take about 9 months to complete and delivered. I’ll post more insights once I receive my first check next year.
Just a bit curious Jackal, are you a resident of Singapore and how did you get to know about REDEV?
Good Investing!
Wai Loong,
No worries about REDEV. it will go according to plan. I believed we invested in the same project. I’ve met Darwin personally as I’m a Singaporean who believe Calgary Lands and Properties…..diversify and never put all your eggs in one basket ……….why? Oilsands boom in Calgary and make sure you invest in reputable Canadian registered companies in what I believe make sense!
CHEERS!
WHY CANADA?
CANADA = LAND OF GREAT OPPORTUNITIES
– REIGs PROGRAMS
– LAND BANKING
– LAND OF COMMODITIES: OILSANDS/URANIUM/GOLD MINING
– MANY MANY OTHERS TOO.
PROVEN CANADIAN REGISTERED COMPANIES:
http://www.waltonintlgroup.com
http://www.redevproperties.com
http://www.sdintlgroup.com
all companies well represented in Singapore
Hi Jackal!
Really nice to meet another like minded Singaporean!
Looks like you’re already sold on to solid Canada ground! You’ve got a good mix in similar investments.
Just to share a bit since you’ve mentioned something I’m tracking right now, I’m particularly excited at the amazing opportunities right now for the short term USD rally and the huge buying opportunity of precious metal, especially Gold and Silver!
If Jim Roger and Robert Kiyosaki are both right, any average investors in the above commodities will buy them at a good discount as they are breaking through their psychological and technical supports.
Good Investing!
Hi Wai Loong,
Heard J.Rogers once quoted “If GOLD drops below USD800…start accumulating” remember the saying that
all that glitter is not gold and gold now is getting hammered! Everyhing is cyclical…..as what goes up must come down and make sure that you don’t get caught with your pants down …..I mean getting burnt!
Pls. go to google search on Landinvest International Network headings and you will be better educated in Land Banking investments / scams / investment opportunities etc.and many many interesting subject matters.
One pitfall about overinvesting, is being greedy!
Suggest Wai Loong. you ask the Walton agent on US lands, as I’ve no idea and cannot comment! Canada is so huge and why US?….maybe for the next 20 -30 yrs potential???by then some of us will be underground …..haha! Life is so Funny!
Tks WL and Jackal for the advice.
I spoke with a rep over the phone and he said LI (Far East)is not the same as UKLI (from UK). He said people had mixed the two companies together. I think there is some credibility, as apparently a google searched revealed UKLI is marketing different plots from LI (Far East). Will find out more.
Joanna,
Know the difference of the following:-
1) Agricultural Raw Land.
2) Green Belt.
3) Brown Belt
above pertaining to UK properties only.
Black Belt is universally known for Karate!!!
In my opinion, I will use the Black Belt to whack all 3 above!…and say Sayonara!!!
Thanks Jackal, you’ve got a great sense of humor as an investor!
I didn’t know about green, brown and of course your hilarious black belt. That’s pretty good piece of knowledge for me in land banking.
As for underground, I think most Singaporeans will opt for ashes. It makes more economic sense to our family and it sounds more environmental friendly.
Good Investing!
Wai Loong,
You need to know 3 basic Land Types for Lands in UK as follows:
A) Raw Land or Agricultural Lands.
B) Green Belt Lands – strictly prohibited for development.
C) Brown Belt Lands – mostly in parts of city or suburbs with demolished buildings and land for sale and can be pricy for development something like En-Bloc sales etc.
Best before buying any lands in UK, is to check with the relevant authorities such as http://www.fsa.gov.uk something like that…. do more research and beware of “CAVEAT EMPTOR”
Hi Jackal,
I do know of the various belts – the UK websites have lots of info.Tks.
Hi Wai Loong,
Can you disclose the number of scam companies that have closed down or in the process of closing down in 2008….i.e
being EXPOSED!!!
Hi WL and Jackal,
were you tere at the Invest Fair? Spoke with Land International (UK) Group people. They have a booth there. They said they are not LI(Far East). Anyway, just went for look-see. Did not pick up anything.
Hi!
Jackal:
Sorry, I’m not into the business of exposing scams. I’m better off putting my energy into studying worthwhile investments and getting to network around and learn from people over the long term.
Joanna:
Yes, I was at Invest Fair on both days learning as much as I could. Unfortunately, I am currently tied up with work (I was doing OT yesterday), but I will probably put together a useful article in my next post on my some of my own learning picked up from some of the great speakers/teachers whom I consider honorable.
Do keep an eye on my main post as I’ll release it in the next 2 days… sorry got to catch some sleep now as it’s 1:38am as I’m writing this reply.
Hi everyone, this is an update I’ve received just now about Oilpods Singapore. It turns out that this is a scam!
Since the article has not been indexed by Google, I used my detective skill to uncover the article online:
Investors may lose $65 million from alleged pyramid scheme
http://www.todayonline.com/articles/273587.asp
Hi Wai Loong,
Wonder what action is taken by the Relevant Authorities here?
If no action taken to regulate such Scam Investments here, many ,many Singaporean will fall victims to scams. there are also unregulated land-banking / land development banking and others so to speak…hope they come are under the RADAR Screen soon after the OILPODS Scams saga!
Hi Jackal!
I understand your pain. Oilpods Singapore itself is a victim. As in any scams, it is those early birds who get started and exit fast make money. That’s speculation. There is nothing the local authorities can do about. For one, they are legal entities registered in Singapore. But that does not means they cannot be liquidated and close shop.
After seeing so many scams myself, I firmly believe that individuals must take responsibility for all their financial investment decisions – both good and bad. Learn from their mistakes and wise up more to become a savvy investor.
If I had been financially enlightened 2 years ago, I would have avoided the bull that ran out of steam last year October. Today, I am a lot more informed and I only rely on my own analysis, facts and sound principles in investing.
If everyone takes the time and effort to learn such life skills, the world would be a lot better place. In short, investment relies a lot of research, investigation, lots of common sense and do what everybody fear and avoid.
Good Investment!
Hi,
Seems like I have found people keen into Alberta, Canada.
I’m a manager from Edgeworth Properties Singapore.
There will be a upcoming seminar on the 25th Oct 2pm, let me know if you or any of your friends will be interested to come.
Cheers,
Alan
Why buy land and wait when you can buy foreclosed properties for a song in USA?
If it is a Canadian Registered Company, I will surely invest in Alberta Properties
check this out http://www.sdintlgroup.net (a proven Canadian Registered Company) specialist in Edmonton, Alberta with proven track record and BBB ratings……………Contact; M/s Alexis Tan. Tel:67383318 for enqueries etc.
Alan,
Has Edgeworth Properties any track records?
Jackal,
I believe in diversification. It is a great time to buy shares in good company now, very much like what Warrant Buffet is doing.
Land is a good alternative investment as it is less co-related to the stock market. Fundamentally, Canada is very strong and with good prospect for more growth due to oil sands and other resources that they produced.
Edgeworth Properties is being re-domicile to Canada where most of its business is in. Advantages of Edgeworth Properties would be that they have their own construction firm, guarantee buy back of the land at a minimum predetermined value. Track records in Lot programs and currently we are already selling our Condo projects. Basically, Edgeworth Properties is not just another Land Investment company but a end-to-end Real Estate Development Company.
If you are free this Sat, do come by and find out more. No obligation but must let me know 1 day in advance so that I can reserve a seat for you.
Thanks.
Hi Aan,
I’ve attended many of Edgeworth Properties Exhibitions and I’m not convinced about them not having any Track Records and very suspicious about Pink Sheet Listed stocks of which Edworth Venture Inc. (parent company of Edgeworth Properties) is all about. Look at Oilpods partnership with Power River Basin Oil & Gas Corp. which is a Pink Sheet Company and now what???……Investors crying for their money back!
Hi,
There is risk in all things we do. There was a saying “The greatest risk of all is not taking any risk.”
I would say that it is unfair statement to compare oil pod investment to edgeworth just because the company is listed in pink sheets. Not all things with 4 legs and a tail is a Dog. There are companies even listed on main board and can do scam, bankrupt, etc.
I believe we need to understand what we invest in. I don’t believe everyone should invest in Real Estate or Land for that matter, but everyone should find out what they are investing before putting their money in.
Personally I look at few areas.
1) Investment Model: where they get their money from? Where is the value-add to justify for the investment returns to investor?
2) Profile of company: Background of company, width and depth of company.
3) People running the company: profile of these people, management style, etc.
It will be a pity if you have not attend any of our seminar, as there is a limit to what we can present in the exhibition. Do drop me a note if you can make it this Sat 2pm.
Cheers..
No Thanks to all risky investments!
HEALTH & WELLNESS (SLIM 10) – SCAM
Cash is King as past events have shown the many scams taken place as follows:
1) TIMESHARE – SCAM
2) CLOB SHARES – SCAM
3) SWISSCASH – SCAM
4) MINIBONDS / STRUCTURED DEPOSIT – SCAM
5) UK LAND-BANKING – SCAM
6) OILPODS – SCAM
7) NIGERIAN – SCAM
9) BUCKETSHOP(COMMODITIES TRADING) – SCAM
10) INTERNET (SKYBIZ 2000)- SCAM
11) PROPERTY – SCAM
12) CELLPHONE INVESTMMENT (1 CELLNET)- SCAM
13) OSTRICH FARMING – SCAM
14) MLM – SCAM
15) TAINTED MILK – SCAM
16) CONMAN OVER THE PHONE – SCAM
17) CHARITY – SCAM
18) MARRIAGE AGENCY – SCAM
19) JEWELLERIES – SCAM
20) RENNOVATION – SCAM
AND MANY MANY OTHER SCAMS HAPPENING EVERY NOW AND THEN!
Hi,
Investments is all about LUCK & Timing.
There are currency exchange risk at point of entry if say you are investing in foreign properties!
I will go for proven Track Record to begin with and also clear my doubts about Pink Sheet first thing first!
Agreed that in today’s scenario due the Financial meltdown any investment can be subject to cashflow problems later on !so how safe is your investment?
Banks can go Burst so what about property players?
Money NO ENOUGH!!!
Always do your Due Diligence before taking the plunge as the saying CAVEAT EMPTOR applies!
Thanks to Shintaro for his experience!
Research, Research & More research needed!
Investors must do torough research on the following:
1) http://www.alantanblog.com on land-banking.
2) http://www.tankinlian blog on landbanking scams
3) http://www.propertyscam.org.uk
Hi Investors,
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
go to tan kin lian blog on land banking……very informative. I will give all the Seminars amiss due to recession….”money no enough” Cash$$$ is King.
everything seem a bit scam if you are not on the lookout!
Hi Jackal and possibly every other REDEV investors who may be reading this!
There will be a REDEV Project Update on 6 Nov 2008 and the details are quoted as follows:
Jackal, will you be there for this update? Maybe I can meet you in person too!
Will update here again at a later time…
I would say that it is unfair statement to compare oil pod investment to edgeworth . Anyway thanks for the article.
Hi Toronto!
It’s interesting to note that Edgeworth was not a word mentioned in my original article. I have not in anyway compare Oilpods with Edgeworth in anyway. The only thing I noted about Edgeworth is its short track record in business.
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!
Go to Tan Kin Lian Blog and read about Malaysian Bar Council’s action on 3 land banking companies. Take note and do your due diligence!
Fortunately some Oilpods investors also diversified with REDEV to save them from more headaches!
I think Wailoong is smart on his resaerch that Canada is the place and always invest with COMPANIES with proven track record! irrespective of how tempting a company may be and NOT EVEN WITH A TRACK RECORD!………Fly by NIGHT??? You Decide!………………….
Hi
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
Shintaro: Thank you for your kind words. I’m pretty much a newbie in investments, but I’m absolutely sure that the basics of rule of investment is to diversify across different class of assets, and then concentrate on the classes of winners. It’s really sad to hear so many investors knowing only one type of asset – stocks. I am constantly researching, discovering new and investing in non-correlated investment classes.
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!
Caveat Emptor on every investments!
Luck and Timing is best bet!
Go for TRACK RECORDS & NOT EMPTY PROMISES!
Eg, Walton / Redev / http://www.sdintlgroup.net ,,,,,,,,,,,,,all proven track records except Edgeworth Properties 2yr + Company with Aggressive Advert!…..Keen on Hinton? in the middle of nowhere??? Search Malaysian Bar Council action on Edgeworth Properties/Profitable Plots & UK Land…..BIG ???
No Comments as you need researching on your own!
Update:
I’ve received a reply from ReDev Singapore and had clarified some of my earlier and incorrect understanding between Redev and RRSP:
[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.
Hi Wai Loong,
REDEV is great investment for CASHFLO $$$$$$$$$$$$$
Most others investments are illequid and the dilema of waiting.
Anybody bought CHGS or COUNTRY HEIGHTS GROWERS SCHEMES? (Palmoil investment)……Falling Palmoil big???
Hey guys!! I have just found the SMART group on Facebook, it’s a great way to keep yourselves updated in regards to upcoming events etc. For those of you who are on Facebook, just click on the link below:
http://www.facebook.com/event.php?eid=35129936377#/group.php?gid=31282577700
Hi Wai Loong,
Have you collected your early bird bonus from REDEV? Remember the early bird bonus for the Ranchlands Village Shopping Centre project?……I’m happy to have collected so far!
Hi Jackal!
Thanks, I have verified the payout with ReDEV Canada on how they compute the early bird bonus. It appeared to have been calculated based on the number of days I have stayed invested.
And I am happy to report that I’ve already bank in the money last week at 3%.
The first payout for Ranchlands Village Shopping Centre project (and all previous projects) will be in April 2009.
Be Blessed & Good Investing!
Wai Loong
2008 REVIEW on INVESTMENTS PUT UNDER THE SPOTLIGHT as follows:-
1)Oilpods battle with PRVB leaving 2000 Asian investors mostly Singapore losing some US$46 Millions…..Waiting outcome?
2)Lehman Brothers bankcruptcy leaving 10,000 Singaporeans losing $$$thousands and $millions in minibonds, structured deposits!…..goto Tan Kin Lian Blog for the story
3)3 Land Banking companies raided by the Malaysian Authorities on 16/11/2008 as reported in NST
a) UK Land International (M) Sdn. Bhd.
b) Profitable Plots (M) Sdn Bhd.
c) Edgeworth Properties Sdn Bhd.
d) Global Financial meltdown in 2008
CASH $$$ IS KING!!!
Are you sure Edgeworth Properties is in the spotlight?
Edgeworth Properties seems to be doing a lot of aggressive marketing here in Singapore recently. You can find their full page advertisements in the FundSupermart magazine.
Wai Loong,
Go to google search on Malaysian Authorities against 3 landbanking companies.
Never judge the book by it’s cover!
Hi Guys,
Yes, I confirm the news that Edgeworth Malaysia is being investigated by the authority. Malaysia government is conducting an Industry checks on land investment companies after recent incidents in Britain. The first of 3 call up for investigation are Edgeworth Malaysia, Profitable Plots and UKLI.
Rest assured that we are not violating any laws and our Malaysian counterparts is continuing their operation in midst of these checks. There is no affect of this to our Singapore operation. Singapore Government will not close one eye if we are doing illegal business and investigated by Malaysian Authority?
SSM – KL investigation update
- They have checked with Canada, Alberta land office and found us real.
- Interviewed consultants, customers found nothing wrong.
- look at our investment program and documentations – ok.
- Most recent articles from the Press on 24 Nov 08
“Profitable Land banking scheme or clever scam?”
– promise return over 800 percent (refers to UK land)
– One of parent company closed by Britain Athority.
(refers to UKLI)
– In fact, Malaysian Authority closed down UKLI as well.
Hope that will clear some investors minds that they are not investing in any scam or ponzi. Investors hold physical asset in Land, which is issued by Canadian Land Office. Edgeworth Properties is also listed in the Town of Hinton as one of the property developers.
I’ll be most glad to assist anyone who have their doubts in these investments.
Cheers.
Hi Alan,
Read in http://www.edgeworthproperties.com NEWS about David McClure – VP of Sales and Marketing resignation.
What about the VP of International Marketing – Vincent Lee?…is around or also resigned ???
Hi Wai Loong,
You met Vincent at the exhibition? He has retired and is replaced by Mr Michael Yap who is also at the exhibition. Michael is leading the marketing for the Asian Team and will be based in Singapore.
Hereby wishing you a Blessed New Year and may love, joy and peace be will you and your loved ones always.
Cheers,
Alan
Hi Wai Loong,
If Vincent Lee did indeed retire, then why is it not published in http://www.edgeworthproperties.com NEWS?
Another thing that comes to mind is why the VP of Sales and Marketing – David McClure resignation is mentioned in their NEWS 10/06/08 and why Vincent retirement is not mentioned at all? and why retire so sudden? If the goig is GOOD???
Puzzling!!!
Hello Alan and Shintaro!
Did I mention Vincent or Vincent Lee in my post?
Pardon my memory, but I don’t seem to recall meeting anyone at the exhibition by the name of Vincent Lee from Edgeworth Properties.
Sorry guys, I’m not familiar with Edgeworth so I’ve no further comments.
Hi Alan,
Is Michael Yap from Canada or a Singaporean?
1) I’m not sure why it is not reflected in the website on the news section. I’ve sent an email to HQ to check on this.
people movement is quite common is any industry, whether good or bad.
2) Michael Yap is Asian. HQ feels that it is better for an Asian to look after Asian market due to culture and time zone.
Cheers.
Alan
Hi Alan,
Asian? of what nationality? Singaporean, Malaysian….be transparent!
Selling a product is one thing, getting to know a person or being specific about a nationality is of prime importance. This will clear the air of who is this gentleman Michael Yap and was he an Ex**** agent from so and so.
I’m sure there are investors who also share my concern!
Hi Alan,
Yes! transparency and should also be announced in the
Edgeworth P. website about his official appointment such as Michael Yap replacing Vincent Lee……..his backround experience and credentials too
Hi Jojo,
Thanks for your concern which is very valid for an investor who is looking at putting his/her hard earn money into any investment.
Edgeworth has been very transparent in all our dealing and I’m sure Michael will be open to share with any investor his detail background if that helps investor on making investment decision.
Michael is not an Ex-agent. He holds several management positions prior to joining Edgeworth Properties. I’m not sure is this information enough for you or if you need more information. I’ll be glad to hold a meeting in Edgeworth office for you to clarify any doubts that you might have.
Cheers,
Alan
Hi Alan,
There is no news from the Malaysian Authorities to lift the ban from 3 land banking companies. Unfortunately a friend told me that the news went as far as in UK.
It appeared in http://www.propertyscam.org.uk
By the way what is your latest project launch?
Hi Jojo,
It really is unfortunate the way things turn out in Malaysia but I feel it is good for the whole industry. (cleans out the weeds) I’m not surprised that the news gets to UK as the orgin of this checks is due to UK Authority closing down UK Land Banking company due to illegal activities.
Edgeworth Malaysia is NOT ban by the Malaysia Authority. Only one (UKLI) of the 3 companies that are being checks are closed down by the authority.
In fact, they are selling our current project. Jasper Ridge phase 3 which gives a guaranteed buy-back after 30 months with gross return of 60%. limited stocks left though.
Cheers,
Alan
Doubtful returns 30 mths. gross return of 60%???
Minibonds 5% ROI per annum kena burnt so how to believe?
Hi Teddy,
It will be hard for me to explain how we generate these returns. When my clients hears this in 2007, they are not interested as they are making more than 30% in stocks.
I’ll be glad to share with you our process and investment model if you are open. drop me an email alan.song@edgeworthproperties.com.sg
Please do note that there is a capital gain tax from Canada on the profit generated. Current tax is about 25% so net return is about 45%.
Cheers,
Alan
any latest news on edgeworth properties ?
Hi Teddy,
I don’t track Edgeworth, maybe you guys/gals can supply some for the other readers?
Anyway, REDEV is launching a new commercial property project now – Sturgeon Plaza and it’s yielding an average of 8.5%pa before tax withholding, and 6.7%pa after tax withholding.
A Little Detail I’ve received:
Sturgeon Plaza 1 Hebert Road
St. Albert, (N.W. Edmonton), Alberta, Canada
(Google Maps Satellite View)
Top 5 Largest Tenants:
Canada Post Corperation
32.67% Rentable area, Lease Term: 01-May-2007 ~ 31-Mar-2011
Globa Pets
10.04% Rentable area, Lease Term: 10-Jun-2004 ~ 31-Oct-2009
Alberta Ltd o/a Albert’s Family Rest
7.93% Rentable area, Lease Term: 01-Apr-2008 ~ 31-Mar-2018
Alberta Ltd o/a Yummy Yummy Rest
6.73% Rentable area, Lease Term: 08-Jul-2001 ~ 31-Jul-2013
Alberta Ltd o/a The Dinner Factory
4.75% Rentable area, Lease Term: 01-Dec-2006 ~ 30-Nov-2011
Be Blessed & Good Investing!
Hi guys,
Wish all a prosperous new year ahead.
Edgeworth just launch a new project yesterday. Dear meadow estate 2 with fixed term of 36 months and return of 70% before tax. Works out to be around 18%pa. Located at Cold Lake, this is a great piece of land.
Anyone keen to find out more, can drop me a note at alan.song@edgeworthproperties.com.sg
Thanks
Those agents who marketed Oilpods… should they also be made responsible? Its such a joke that Oilpods who have been around for so long, and i know many of them claim they are so familiar with the company and have done their research so well and so forth and brought in so many investors… now hit with problems they just pretend like they didn’t have anything to do with it. They made the commissions and so they should be made responsible for their “message” too. The investors have a right to go after these marketing agents and pursue them directly.
Beware of scams with high RETURNS! Go for TRACK RECORDS and shun companies that are in touble as these are tell-tale signs of their shakey foundation.
I just came to know about this website: http://www.maltonestates.com that sells US Land and also the land can be a goldmine if oil is found and you get to be part owner of the oil wealth couple with LB. Any comments from anyone?
Hey Rino,
Be carfull they are ex Land International (UK land) and Oil Esates, I think most the plp have heard abt those companies in Singapore. Some have good experience and a lot plp have bad experience, I’m based in HK nowadays and we don’t see them here….. must be a reason why…law?? anyway invest your money
who u can trust!
Thanks Brian…….the funny thing is they try to imitate Walton into Malton and it is rather scarry knowing that there are many so called FLY BY NIGHT companies as we cannot fault until proven so. Scams are like discuising oneself to promote products without any track records or foundation etc.They talk through their ASEHOLE!
LUCK = OPPORTUNITY MEETS PREPAREDNESS!!!
ASSLUCK = NO OPPORTUNITY AND UNPREPAREDNESS!
Investment is all about Luck.
Hi all,
Anybody going to the SMART Investment & International Property Expo in SUNTEC on 28-29 March 2009? they are back agian..
the expo must be smaller now.. with the recession going on! anway I might be there cya!
Credit Crunch so me not going!
Waste of time as all investments are dead and buried
Land banking investment is not for Newbie.
Learn What they DO NOT WANNA TOLD YOU About Land Banking at DISCOVER the Road to Financial FREEDOM!
Hi all!
Here is a little update on ReDEV here…
I’ve received my rental income for Ranchland Shopping Village on 27th April 2009 and also my Land Title Certification from Hong Kong on 25th May 2009. The next rental payment is scheduled in October plus the 15% withheld tax in the same year.
If my analysis makes sense, the heavy shortage of crude oil (supply less than demand) and China’s huge appetite on Canada’s oil, will push up the Canadian dollar. As a result, prices will go up, pushing up rental yield as a result.
Be Blessed & Good Investing!
Hi Wai Loong,
Agreed……ReDEV does deliver yr. on yr. and the beauty is that they have repeat investors too. I also got what you mentioned and best of all, was invited to the President’s Lunch on 19/5. @ Swisshotel Stamford and chatted with the President – Richard Crenian in person.
Hello JayJay!
You were at the President’s Lunch on 19th May 2009? Wow… I was there and I’ve managed to talk to Richard too! Maybe we can catch up when Darwin comes over for his next bi-annual update on ReDEV for Singapore investors?
Oh… and for those who are not not familiar with Richard, he is the founder of ReDEV Properties some 27 years ago.
My personal experience with Richard has been excellent… which dated back last year (2008) when I attended my first dinner organized by ReDEV. ReDEV does deliver some really good returns and is negatively correlated to stocks, though the only problem I have is liquidity.
Be Blessed & Good Investing!
Be careful on land banking investment…
This is not for everyone
Read about interesting Heated Discussing between a land Banker & potential customer at http://www.alantanblog.com/investment/land-banking-secret-recipes-to-wealth.html
Hi all,
Here is a little update on ReDEV here…
I’ve received my rental income deposited from Ranchland Shopping Village on 27th October 2009.
Be Blessed & Good Investing!
Shintaro – your question if anybody had invested in Malaysia’s Country Heights Growers Scheme in Oil Palm Plantations.
I have been tracking this scheme and the latest is that they have collected over RM200mln. from their well disguised scheme – after all many poor Malaysians can easily be led to part with their hard-earned savings that gives them minimum returns from bank deposits.
The latest offering is RM10,000 per quarter acre unit from the original RM5,000 – there are only about 2000 units left out of the total 40,000 units – so final collection will be like RM220mln.
h. The authority have been not as clever to protect the proples interest.
DO THE READERS THINK THAT THIS IS ALSO A SCAM – IF SO WATCH OUT FOR SIMILAR SCAMS IN MALAYSIA.
Let me give some bare facts:
1. I have over 40years experience in the Plantation sector.
2. The Management Company that started the Scheme is “Plentiful Gold Sdn Bhd” a wholly subsidiary of Bee Garden Holding Bhd. both of which have nothing to do with the Public Listed ‘Country Heights Bhd’ except that Tan Sri Lee Kim Yew (Founder of Country Heights) happens to be on the Board but he is no mmore with Country Heights.
3. The paid-up capital of Pl.Gold is only RM5mln.and they paid RM3.5mln.for a 11000acre leasehold secondary jungle land from the Kelantan State Govt. The Lease is for 66years with option for a further 33 years. The plantable land is said to be 10,000 or near 4300 hectares.
4. Published data by the Malaysian Palm Oil Board (MPOB) shows that Fruit Yield is the lowest in Kelantan – the reason why there is still land available.
5.My conclusions based on the latgest Prospectus and the 2008 Accounts are;
a. The Man.Co will use the investors money to pay the guaranteed 8% p.a. for the first three years. Thereafter payment is based on annual Average Palm Oil (CPO) price.
b. The development cost of the entire plantation will be funded from the investors funds – this could eventually cost upto RM80mln.
c. As at end of 2008 the company’s Parent owes RM72mln. which is also the investors money – no repayment arrangements noted.
d. Apart from (c) the current assets with the company is less than RM50mln.
e. Planting which commenced in 2005 is less than half-way complete with serious management shortcomings noted in the Consultant’s report – the average yield for the Jan-July from the planted/harvested area is less than 2 tonnes.
f. It will probably take the next eight years for the entire area to be planted and brought to maturity.
g. Even at full maturity the profit based on a price band of RM2000-2200 for CPO the post-tax cash flow will be insufficient to pay the 12% yield to the investors.
h. On the basis of their current cash-flow status they may run out of cash within the next three/four years – i.e. exhausted all the investors cash.
g. The Capital gains touted in the Prospectus at the end of the term i.e. 2030 is unthinkable as it only cost them RM3.5mln. and after expiry of the first 33 years the non-yielding Palms will be worth only a tiny fraction of the RM220mln.they would have collected.
h. The regulatory authorities seem to have either been misled or they have let down the investors.
i. DO READERS CALL THIS A SCAM? if so, WATCH OUT FOR SIMILAR SCAM TO APPEAR AGAIN.
Hi,
Have anyone been to GMC Travel Fair?
Check it out:
http://politics.sgforums.com/forums/3440/topics/376759
Here’s a quick update on ReDEV…
I’ve just opened up my letter box and have received a very prompt rental income deposited into bank account from my initial investment in the Ranchland Shopping Village since year 2008.
Trust that the rental yield will continue as promised again in October this year (2010).
Thanks, Be Blessed & At Peace!
Are all Landbanking scams? reference local Blogs.
My friend with Edgeworth Properties “Derrick View” told me about her delayed returns. Does anyone knows about it?
I know that as for landbanking, Walton delivers but have to wait for long time.
REDEV is good pay master……very prompt in payment around April/October yr. after yr.
Does Anyone knows how safe about investing in US lands etc?