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Monday, October 12, 2009

Experiences with Land Banking

5 people responded to my survey about their experience with land banking. The results are shown here:

When
invested

Amount
invested

Outcome

1

2007

$75,000

No update from company regarding the investment.

2

2008

$

Matured but yet to receive the returns

3

2004

$21,000

Supposed to be 5 yrs investment but now
they say its 5 to 8 yrs

4

2008

$36,270

Company rejected my option to surrender the plot back to them.

5

2005

$100,000

Did not deliver on promises

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