Avoid all land banking projects

Dear Sir,

This project was brought to my attention and is currently being sold in Singapore as a land banking project in Hawaii financed by a company in Singapore.

 

My question is, is this project a legal one? I have been told the company selling the land to investors is not governed by the MAS and does not need to meet any of MAS guidelines. Is this possible? Is this project a scam?

I have some URL's below which show information on the project.

 

REPLY

Read my blog. This type of investments should be avoided. Do not invest in them.

You can ask MAS or the Ministry of Law on whether this company breaks the law. I am not the person who decides on such matters.