Avoid all land banking products

Dear Mr Tan,
I really hope to get a reply from you as I respect your experience in many areas.


There is a Singapore company called X and they sells plots of land in UK. We are genuine investor and like to have your advice if you heard about them and whether there is any issue on reputation or scam which we should be aware of. There will be risk as we understand but it is a scam, we should be to think carefully.

REPLY
You should avoid all land banking schemes It is not worth the risk. You cannot make a judgement of their reputation or rely on it.

There is a chapter in my book, Practical Guide on Financial Planning, that deal with unregulated products such as land banking and other get rick quick schemes. You can buy the book ($12) here.