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Category Archives for Land Banking
CAD Needs More Time on Profitable Group
It looks like investors with Profitable Group will have to wait longer for CAD’s investigations to be completed. In a court hearing yesterday, Attorney-General’s Chambers (AGC) had asked for the company’s bank account to be frozen for another six months so that CAD could complete their investigations. The court gave the CAD three months instead. […]
Profitable Group Staff to be Paid Salary
Profitable Group, a company that provides UK land investment opportunities, managed to get the High Court to release $218,000 from its frozen bank accounts to pay the outstanding wages of its staff. After this payment, Profitable Plots will be left with only $60,000 in its coffers. While Profitable Plots is currently under investigation by CAD, […]
Monty International – Land Resale
Came across this company Monty International that was providing a service of helping land banking owners resell their plots. With the failure of some land banking companies, some investors have been left stranded with their plots and have been approached by this company who offered them their resale service. They had a package costing US$1588 […]
Residential Land and HDB Ownership
In an article published in the Sunday Times yesterday, it was mentioned that the HDB ruling which states that HDB flat owners are not allowed to concurrently own an HDB flat and private property (local or overseas) within the minimum occupation period (MOP) will also apply to residential land (even if its vacant) held in […]
Profitable Group Under Investigation?
It was reported in Today’s newspaper that Profitable Group, a company providing UK land investment opportunities, was being investigated by CAD. CAD Steps into Profitable Group Case (Today Online) The office of Profitable Group (Plots) was closed when Today visited it yesterday. The police declined any comments when asked. Rumors of a raid by CAD were […]