Comments on: SMART Investment and Property Expo 2008 Review

By: Wai Loong

Wai Loong — Thu, 27 Oct 2011 15:08:09 +0000

For friends who are keeping track on this post:
Have confirmed the second bi-annual rental income from ReDev has been deposited into the bank account on 25th October 2011 (vested in the Ranchland Shopping Village mall since year 2008).

Be Blessed & At Peace!
Go Veggie, Go Green!

By: Wai Loong

Wai Loong — Mon, 08 Aug 2011 09:03:49 +0000

Hello Lean!

Apologies for the late reply as I do not monitor my website regularly.
I’ve logon to clear spams and upgrade the bog software. Perhaps
I may be writing again?

As for your question, there is no doubt about ReDev.

I’ve been invested since 2008 and have been receiving direct rental
wired directly from Hong Kong ReDev Office. Commercial rental has
been adjusted upwards since then and it is truly passive.

The only problem is this investment is not as liquid as other forms
of investment (as typical in any Real Estate Assets).

If you like more information, do write in on my blog or
would you like me to email U on s*****@yahoo.com?

Be Blessed & @Peace,

Wai Loong

By: Lean

Lean — Mon, 20 Jun 2011 00:42:13 +0000

Hi Wai Loong

I am very keen to find out your experience with Redev, as I am cautious investor.

Can you provide some pros and cons of your experience with them please ?

Looks like you have invested with them since 2008 and this will be your third year with them and I would like to know if this is a legitimate.

Did Redev deliver the returns to you as they promised in 2008 ?

thanks for sharing your experience,
Lean

By: Wai Loong

Wai Loong — Fri, 29 Apr 2011 01:03:08 +0000

Dear friends,

A bi-annual rental income has been deposited directly into the bank account on 26th April 2011 (vested in the Ranchland Shopping Village mall since year 2008).

Thank You, Be Blessed & At Peace!
Go Veggie, Go Green!

By: Wai Loong

Wai Loong — Tue, 26 Oct 2010 17:12:24 +0000

Dear friends,

Time really flies! And year 2010 is almost coming to an end!

As promised, I just checked that a consistent rental income has been deposited directly into the bank account for my initial investment in the Ranchland Shopping Village since year 2008.

Yes, and I’ve been at peace doing simple value investing and you should learn to do so too. Compounding really works if one can overcome one’s greed, accept pretty decent returns and focus one’s time on cultivating Spiritually, adding value back to the society, the world-at-large.

Be Blessed & At Peace!
Go Veggie, Go Green!

By: LankyDave

LankyDave — Tue, 27 Apr 2010 23:39:33 +0000

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?

By: Wai Loong

Wai Loong — Tue, 27 Apr 2010 17:04:31 +0000

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!

By: Larry

Larry — Fri, 18 Dec 2009 15:16:26 +0000

Hi,

Have anyone been to GMC Travel Fair?
Check it out:
http://politics.sgforums.com/forums/3440/topics/376759

By: PRCMenon

PRCMenon — Thu, 17 Dec 2009 09:55:23 +0000

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.

By: Wai Loong

Wai Loong — Thu, 29 Oct 2009 04:03:15 +0000

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!

By: alantanblog

alantanblog — Sun, 28 Jun 2009 02:57:27 +0000

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

By: Wai Loong

Wai Loong — Wed, 27 May 2009 12:34:14 +0000

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!

By: JayJay

JayJay — Tue, 26 May 2009 15:24:56 +0000

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.

By: Wai Loong

Wai Loong — Tue, 26 May 2009 14:02:18 +0000

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!

By: alantanblog

alantanblog — Tue, 10 Mar 2009 02:04:26 +0000

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!

By: Tellman

Tellman — Mon, 09 Mar 2009 11:26:10 +0000

Credit Crunch so me not going!
Waste of time as all investments are dead and buried