The Securities Investors Association (Singapore), or SIAS, has called for strict regulation of land banking investments. This came after investors filed complaints against British land banking firm Profitable Plots. They claimed that the firm's directors were not transparent with their investments. However, experts said that a regulatory framework for land banking investments would be difficult to...
Landbanking
With no regulator here policing the land-banking business, agents who promote direct investments in real estate have a free rein; the more unscrupulous among them could not only pose a risk to local retail investors' well-being but also dent Singapore's reputation as a financial centre in the region, analysts said. The Monetary Authority of Singapore (MAS) said on its website it doesn't regulate...
Having failed to get their dues back from Singapore-based investment firm Profitable Plots and left to fend for themselves, a group of investors is now calling for better regulation of land banking here. Unable to get back a sum totalling more than $2 million, they have not been able to get help from any regulatory body as land banking is not regulated in Singapore. In an advisory yesterday, the Monetary...