Came across a few articles warning on the dangers of UK Land Banking. Potential buyers, please take note and be extra careful on your due diligence!
UK Land Registry Warning on Land Investment Scams
UK Land Registry Guide to Buying Land Claimed or Thought to Have Developmental Potential
8 comments
1 ping
jmot says:
November 2, 2009 at 1:32 pm (UTC 8)
Hi lioninvestor, have you got any info pertaining to property investment in Thailand? Been to a open house lately and seems like much lower capital is needed.
lioninvestor says:
November 3, 2009 at 3:39 pm (UTC 8)
Hi jmot,
Sorry, I’m not familiar with Thailand.
jmot says:
November 3, 2009 at 5:52 pm (UTC 8)
Its alrite, just trying my luck =P Do you have experience with investing in properties overseas? Which countries?
lioninvestor says:
November 3, 2009 at 9:17 pm (UTC 8)
Hi jmot,
Not at all.
Grace says:
August 24, 2011 at 2:05 pm (UTC 8)
Dear,
I paid the 10% deposit for making land investment after I joined their presentation. They were doing exactly what you have been sharing with us. If I could read your ariticles earlier, i might not be joining the project.
I will be paying the full payment 2 days later. Some friends noticed my plans and asked me to quit. The land is at Romfold – greenbelt. I realized that there is always risk when you do investment. Yet, this is one of the biggest decision i have made and putting in my saving. I have checked out some negative comment on the internet about Jordine Smith.
Are you able to give me any advise before I really have to give them the balance?
Thanks so much!
Martin Lee says:
August 24, 2011 at 11:10 pm (UTC 8)
Grace, if I were you, I will pull out. Please consider this seriously.
Grace says:
August 24, 2011 at 11:24 pm (UTC 8)
Really thanks Martin.
I decided to pull out. However, do you have any suggestion that I can get back the deposit ( or at least some refund) ? I am from HK. I called and talked to UK – FSA, but they said they can’t help as Jardine Smith is of Singapore company but not UK company…. (so sad)…
Hope to hear from you soon. I have shared this bad experience with my friends already…
Martin Lee says:
August 25, 2011 at 4:49 am (UTC 8)
I think if you ask hard enough, you might be able to get it. Some other people have done so before.
Jardin Smith International says:
November 3, 2009 at 3:48 pm (UTC 8)
[...] Tomorrow, I will write about some of the things you need to be aware of if you are investing in UK land. See also Dangers of UK Land Banking. [...]