An article from the Malaysian Bar mentioned three land investment companies were raided by the Companies Commission of Malaysia (SSM). These companies were UK Land International (M) Sdn Bhd, Profitable Plots Sdn Bhd and Edgeworth Properties (Malaysia) Sdn Bhd. They are suspected of offering investments in illegal land investment schemes.
More than 2 months ago, I posted an article on Land Banking. I have got no experience in this area of investment but at least I believe one should invest in something that is not structured, transparent and something you are familiar.
I notice Profitable Plots has been quite aggressive in marketing U.K. lands in Singapore. Not only are they doing road shows, they are making TV ads appearances as well. I do not wish to comment on this form of investments but I thought the Singapore government should ensure they are safe and legal.
Companies Commission raids three companies over illegal land investments [via]
Land Banking - Read This First [via]
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