People nowadays is trying to diversify their investment. So here's the born of land banking(that's what the agent called). Basically land banking is just buying a land and wait for its price increment, and sell it off. Just like commodities, but land investment is longer term of investment.
I went to this briefing by this Singapore based company yesterday. The call and sms said that there is no obligation. Since I've never heard of it before this, so decided to went to have a look.
The land they are selling at the moment is in Titchfield, UK. The company bought one large piece of land and then divided into small parcels(each parcels=100 sq.m) and sell it to public. They are selling at about RM75K per parcel. The return based on their conservative calculation is 9% of profit (that's what they said). Even after the forex conversion, the land is not that expensive actually. Just that I don't have so much cash to invest yet. :P
To be frank, how many people dare to pay "cash" to buy a piece of land where it's so far away just like that?
As usual, the agent knew that she can't convince me anymore, so she just asked me to do some research, and get back to them if I change my mind after that.
They are kind enough to give me a bottle of Mark & Spencer's hand wash, and RM100 Robinson's shopping voucher.
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