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Profitable Plots: An investor’s testament

Its early in the morning and the big news is that Palm have been bought up by HP. However, this account from a former investor of land banking group Profitable Plots is more interesting.

To all investors considering land banking do consider carefully. If this is what Profitable Plots is like, then i wonder what MAS is doing

From hardwarezone forum:

ok my hearing was today. the outcome was not as good as hoped for, but i think Profitable Plots came away worse-off than i did.

i know staff of Profitable Plots are reading this forum, and i know at least 1 other forummer here knows my identity, but i hope you’ll keep my identity anonymous please? i need to say what needs to be said, but i don’t need the unwanted attention.

if there are any members of the press or media here on this forum, yes i’ll consent to interviews, just respect my request for privacy please.

so before it’s too late, here’s my story:
like many of you, i’m a victim too. i bought AAA product in July 2008, and have yet to receive payment when it matured in July 2009. As May approaches, almost 1 full year has elapsed since payment was due.

When i purchased the product, i too was told that 12.5% returns wld be guaranteed within 1 year, potentially sooner (if the Philippines site got sold or UK received planning permission approval etc). I told my CSO, “thanks… but forget castles in the sky, 12.5% per annum is good enough”, rejecting other products like Concorde Village etc that offered 900% returns but an indeterminite time-frame. She assured me 12.5% within 1 year was definitely possible, and legally binding.

So i paid the money in July, signed the contract in August. Many of you must’ve also had your contracts backdated to the time of payment right? That makes the contract itself somewhat dodgy, but i won’t dwell on that.

In June 2009, i filled up my Exercise Form to request payment, and it got accepted by my CSO, and Chandra their Grp Sales Director. Was told by CSO that my payment wld be in August, since maturity was July.

[Read More at Hardwarezone >>]


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Sunday 5th of June 2011

Sorry, it should read as 'SMRT hasn't given any reply yet' - typo error


Sunday 5th of June 2011

Zaobao published my comment on 26/5/2011.

But SMRT has given any reply yet.


Tuesday 7th of June 2011

glad they do. most would need to be informed about this.


Monday 16th of May 2011

This was the reply email I received from Zaobao forum editor.



Thank you for your article. We have received it.

(Thank you for your letter / article. Please be informed that we reserve the right to edit and amend the text of your letters before publication. By your submission of the letter to Lianhe Zaobao, it shall be deemed that you have agreed to grant us the right to archive, resell or reproduce the letter in any medium. )

Best regards, Editorial Team Commentary Desk Lianhe Zaobao

P/S: Fax: (65) 6319-8127 Mailing Address: Lianhe Zaobao Commentary Desk 1000 Toa Payoh North Singapore Press Holdings Limited Podium Block Level 4 Singapore 318994

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This were the purportedly unrecognised characters in my email.

回到这则巴士广告,在那么多事情发生,报章也做了广泛报导之后,巴士公司难道就可以只为了广告收益,而把公众利益、 缁嵩鹑危字钅院舐穑/SPAN>



Monday 16th of May 2011

This was the content of the email I sent to Zaobao forum on 7/5/2011.


5月7号那天我从武吉知马上段搭乘SMRT 184号去金文泰。









Monday 16th of May 2011

Well I actually received a reply from Zaobao the next day. In that email, the editor pointed out some unrecognised characters in the last line of my letter. (the letter was written in Chinese). But hang on, strange enough, I actually cc a copy to my company email address and it showed a complete letter. So, where were the unrecognised Chinese characters?

I resent again and also faxed a copy from my office. Till now, I receive no replies.

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