Have met up with one of the staff from Wealth Foundations on their two new projects in Ontanio. Noted the company is the sole distributor for GrandtagA2A and they have set up for about 2 years in Singapore.
There is always a foreign exchange risk involved in landbanking overseas. Noted Canadian dollars has a high correlation with oil prices. If oil price increases, Canadian dollar will appreciate. But how long will this last and what will happen in 4-7 years in time nobody knows. There is always a risk we have to take as we cannot predict what will happen in future.
Landbanking in Canada
Moderators: alvin, learner, Dennis Ng
Re: Landbanking in Canada
Hi Alina,Alina wrote:Have met up with one of the staff from Wealth Foundations on their two new projects in Ontanio. Noted the company is the sole distributor for GrandtagA2A and they have set up for about 2 years in Singapore.
There is always a foreign exchange risk involved in landbanking overseas. Noted Canadian dollars has a high correlation with oil prices. If oil price increases, Canadian dollar will appreciate. But how long will this last and what will happen in 4-7 years in time nobody knows. There is always a risk we have to take as we cannot predict what will happen in future.
yes, nobody can predict currency exchange rates.
Do not out all our eggs into one basket, this is a simple concept most people know but many people 100% of their money is in S$, without realising that is putting all their eggs into one basket (S$).
I'm not saying that anything wrong will happen to Singapore or S$, but from history, there are people who regretted such a decision. eg. Japanese who put all their money into Japanese yen in the 1980s....and the Indonesians who put their money into Indonesia....despite 14 years after Asian Crisis in 1997, today, against US$, Indonesian rupiah is still about 72% below 1997's levels (it used to be 1US$ = 2,500 rupiah).
So personally, I have investments denominated in US$, Canadian dollars, sterling pounds and Euro.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Wondering how will QE2 affect housing in Canada (neighbour of US).
http://www.canadianmortgagesinc.ca/2010 ... ortga.html
How will QE2 affect Canadian Home Mortgage and Housing Markets?
By Gavin on November 5, 2010 9:00 AM in Canadian Mortgages
Seems like the Ontario housing market has been cool down towards the end of 2010. With the new mortgage guidelines which came into effect on April, 19, 2010 as well as the new HST tax which will be introduced in the beginning of July 2010. These measures are most likely to cool off the housing market and lead to stagnation. Although there is no crash anticipated, I prices either stay the same or slightly fall as there is no real housing bubble in Ontario.
http://www.canadianbusinessjournal.ca/f ... tlook.html :-
On November 3rd, the U.S. Federal Reserve announced a second round of quantitative easing (dubbed QE2) primarily targeted at lowering mid-term real interest rates (i.e. 5 ½ to 10-year yields) to spur borrowing and spending to stimulate the U.S. economy.
Wider Canada-U.S. interest rate differentials should result in an increase in foreign investment flows to Canada, putting upward pressure on the Canadian dollar.
Quantitative easing also raises inflation expectations and, in turn, commodity prices because commodities are considered an effective hedge against inflation. The Canadian dollar is also likely to receive a lift through this channel because Canada is a large net exporter of key commodities (like crude oil, nickel, and potash).
Once QE2 ends (by the end of the second quarter 2011), the Bank of Canada is expected to resume its rate hikes. The U.S. Federal Reserve is unlikely to increase rates before early 2012. Widening interest rate spreads should draw more capital north of the border, lifting and supporting the loonie.
On the other side of the coin, European sovereign credit concerns are positive for the U.S. dollar (which is perceived as a safe-haven currency) and negative for the Canadian dollar. Canada’s relatively strong fundamentals—an enviable fiscal position, a strong banking system, widening interest rate differentials and favourable commodity prices—will save the loonie from excessive downside pressures. These forces should hold the Canadian dollar near and slightly above parity in 2011 and 2012.
Seems like there should be more positive news on Canadian dollars in 2011 and 2012.
http://www.canadianmortgagesinc.ca/2010 ... ortga.html
How will QE2 affect Canadian Home Mortgage and Housing Markets?
By Gavin on November 5, 2010 9:00 AM in Canadian Mortgages
Seems like the Ontario housing market has been cool down towards the end of 2010. With the new mortgage guidelines which came into effect on April, 19, 2010 as well as the new HST tax which will be introduced in the beginning of July 2010. These measures are most likely to cool off the housing market and lead to stagnation. Although there is no crash anticipated, I prices either stay the same or slightly fall as there is no real housing bubble in Ontario.
http://www.canadianbusinessjournal.ca/f ... tlook.html :-
On November 3rd, the U.S. Federal Reserve announced a second round of quantitative easing (dubbed QE2) primarily targeted at lowering mid-term real interest rates (i.e. 5 ½ to 10-year yields) to spur borrowing and spending to stimulate the U.S. economy.
Wider Canada-U.S. interest rate differentials should result in an increase in foreign investment flows to Canada, putting upward pressure on the Canadian dollar.
Quantitative easing also raises inflation expectations and, in turn, commodity prices because commodities are considered an effective hedge against inflation. The Canadian dollar is also likely to receive a lift through this channel because Canada is a large net exporter of key commodities (like crude oil, nickel, and potash).
Once QE2 ends (by the end of the second quarter 2011), the Bank of Canada is expected to resume its rate hikes. The U.S. Federal Reserve is unlikely to increase rates before early 2012. Widening interest rate spreads should draw more capital north of the border, lifting and supporting the loonie.
On the other side of the coin, European sovereign credit concerns are positive for the U.S. dollar (which is perceived as a safe-haven currency) and negative for the Canadian dollar. Canada’s relatively strong fundamentals—an enviable fiscal position, a strong banking system, widening interest rate differentials and favourable commodity prices—will save the loonie from excessive downside pressures. These forces should hold the Canadian dollar near and slightly above parity in 2011 and 2012.
Seems like there should be more positive news on Canadian dollars in 2011 and 2012.
Noted Landbanking affects HDB owners。
HDB flat owners are not allowed to concurrently own an HDB flat and private property - local or overseas - within the minimum occupation period (MOP) applies to them too.
This means that if a landbanking investor who has a share of residential land buys an HDB resale flat on or after Aug 30, he must dispose of one of those properties within six months of the purchase. It also means that an HDB flat owner can enter into a landbanking investment that involves residential land only after the MOP of five years.
http://www.asiaone.com/News/AsiaOne+New ... 40058.html
HDB flat owners are not allowed to concurrently own an HDB flat and private property - local or overseas - within the minimum occupation period (MOP) applies to them too.
This means that if a landbanking investor who has a share of residential land buys an HDB resale flat on or after Aug 30, he must dispose of one of those properties within six months of the purchase. It also means that an HDB flat owner can enter into a landbanking investment that involves residential land only after the MOP of five years.
http://www.asiaone.com/News/AsiaOne+New ... 40058.html
may not be. From my understanding, the rule affects completed property but NOT raw land. However, I don't think HDB has officially given their black and white reply to this yet.Alina wrote:Noted Landbanking affects HDB owners。
HDB flat owners are not allowed to concurrently own an HDB flat and private property - local or overseas - within the minimum occupation period (MOP) applies to them too.
This means that if a landbanking investor who has a share of residential land buys an HDB resale flat on or after Aug 30, he must dispose of one of those properties within six months of the purchase. It also means that an HDB flat owner can enter into a landbanking investment that involves residential land only after the MOP of five years.
http://www.asiaone.com/News/AsiaOne+New ... 40058.html
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
I think it was mentioned that landbanking will be affect if the land is zoned for residential. It will not be affected if it is zoned for agricultural or commercial use.
I can't find the actual link in Channel News Asia anymore but I have a link from http://www.lioninvestor.com/residential ... ownership/. Google for "HDB rules apply to landbanking" for more links.
I think the best advice may come from your landbanking advisor. Do check with them to see if you will be affected.
I can't find the actual link in Channel News Asia anymore but I have a link from http://www.lioninvestor.com/residential ... ownership/. Google for "HDB rules apply to landbanking" for more links.
I think the best advice may come from your landbanking advisor. Do check with them to see if you will be affected.
T[quote="Alina"]Hi Dennis,
Can we find out the landbanking project so far you have invested in Canada? Noted inflationary pressure, possible QEs and possible stock market crash 2012. It will be good to diversify using landbanking. Though there will be of course foreign exchange rate risk in the long run.
Can we find out the landbanking project so far you have invested in Canada? Noted inflationary pressure, possible QEs and possible stock market crash 2012. It will be good to diversify using landbanking. Though there will be of course foreign exchange rate risk in the long run.
Hi Alina,Alina wrote:Hi Dennis,
Can we find out the landbanking project so far you have invested in Canada? Noted inflationary pressure, possible QEs and possible stock market crash 2012. It will be good to diversify using landbanking. Though there will be of course foreign exchange rate risk in the long run.
so far, I have invested in about 4 different projects in Canada. If you ask me the details, I also cannot recall offhand. All in all my wife and I have invested about S$200,000 (or more) into 9 different projects, the rest are in U.S. I leave it to the Land Banking Specialist to recommend me the projects, since they should know more than me.
2 projects in Canada we invested sometime last year and one 2 months ago.
Currently, land banking constitutes about 10% of my total investible funds (investments plus Cash).
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
land banking
dear all
i invested in walton land banking, i also invested in profitable plots before, luckily i withdraw the money before the MAS put the company in alert list.
anybody have any unhappy encounter to walton, i have some reserve of those alternative investment.
i invested in walton land banking, i also invested in profitable plots before, luckily i withdraw the money before the MAS put the company in alert list.
anybody have any unhappy encounter to walton, i have some reserve of those alternative investment.
No worries, I've deleted the repeated entries.Alina wrote:Hi Dennis,
Many thanks for the info. Sorry had accidentally key in 3 same postings as not used to sending via my hp.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.