- Joined
- Dec 5, 2010
- Messages
- 1
Yet another land release by Walton again. I have been trying to resell my unit since 6 months ago, till now there is no answer from the company. I was so upset, instead of helping me to sell off the land, they now telling me that I got to pay a huge fees and high commission to them for the process.
I like to share this latest piece of **** land from Walton – Sherwood North for 55K per acre.
The sales rep was going on about how this investment will help me to yield at least 24% per year again and I don’t believe them anymore. He even quote that “**For those who are not familiar with our track record, PriceWaterhouseCoopers has audited our average ROI at 28.24% per annum as advertise in Straits Times 14[sup]th November 2010. I can’t understand why this advertisement is being approved? In the ads it mentioned that 28.24% per year for all clients, till now I don’t even receive 5 cents from them. I also want to send this to CASE for their ads is misleading.
He thought I “siao” one, I went on to do due diligence and find the publicize article on 27th[/sup] October 2010, please follow the link:
http://fredericksburg.com/News/FLS/2010/10...10272010/584428
What anger me is that the link itself states all the facts against their rubbish:
[list type=decimal][*]It states clearly that the cost of the land that they purchase: 3.55million for 355 acres works out to be 10K per acre and yet they are selling me about 55K;[*]The company takes five to 10 years to decide what type of development to do and then develops it over a 20-year timeframe, in total will be 30 years to see the compete project if nothing happen in between. Also as stated in their brochures and yet trying smoke me of the exit within 4 years, how is this possible?;Also, I want to know since they claimed that PWC audited their ROI at 28.24%, I want to ask, why the heck my returns for all the projects that I have is. I have received nothing, NOTHING! Of 28.24% per annum![/list type=decimal]
Even MAS has released an article:
http://www.moneysense.gov.sg/publications/...nd_Banking.html
on their website to take precaution of these blood suckers!
What a joke!
I like to share this latest piece of **** land from Walton – Sherwood North for 55K per acre.
The sales rep was going on about how this investment will help me to yield at least 24% per year again and I don’t believe them anymore. He even quote that “**For those who are not familiar with our track record, PriceWaterhouseCoopers has audited our average ROI at 28.24% per annum as advertise in Straits Times 14[sup]th November 2010. I can’t understand why this advertisement is being approved? In the ads it mentioned that 28.24% per year for all clients, till now I don’t even receive 5 cents from them. I also want to send this to CASE for their ads is misleading.
He thought I “siao” one, I went on to do due diligence and find the publicize article on 27th[/sup] October 2010, please follow the link:
http://fredericksburg.com/News/FLS/2010/10...10272010/584428
What anger me is that the link itself states all the facts against their rubbish:
[list type=decimal][*]It states clearly that the cost of the land that they purchase: 3.55million for 355 acres works out to be 10K per acre and yet they are selling me about 55K;[*]The company takes five to 10 years to decide what type of development to do and then develops it over a 20-year timeframe, in total will be 30 years to see the compete project if nothing happen in between. Also as stated in their brochures and yet trying smoke me of the exit within 4 years, how is this possible?;Also, I want to know since they claimed that PWC audited their ROI at 28.24%, I want to ask, why the heck my returns for all the projects that I have is. I have received nothing, NOTHING! Of 28.24% per annum![/list type=decimal]
Even MAS has released an article:
http://www.moneysense.gov.sg/publications/...nd_Banking.html
on their website to take precaution of these blood suckers!
What a joke!