anyone heard of Shenton wealth holdings

[recruitxpress]

Hi everyone,
i'm just wondering if anyone has heard of this company?
A ex classmate of mine told me about the alternative investment there,
and that he got back his capital plus 12%.
Just wondering if it's true and if it's safe?

 

[Shiny Things]

Hi everyone,
i'm just wondering if anyone has heard of this company?
A ex classmate of mine told me about the alternative investment there,
and that he got back his capital plus 12%.
Just wondering if it's true and if it's safe?

Five seconds' googling tells me they're a SCAM.

It's dirty. They're reselling the "German government-listed property" scam that Dolphin Capital / Solomon Alliance were touting - and we've already covered them in a previous thread.

 

[vivalarave]

before jumping the gun to say "scam"...
12% yield is alot but not too insane does he have the backing documents?

 

[Shiny Things]

before jumping the gun to say "scam"...
12% yield is alot but not too insane does he have the backing documents?

12% guaranteed is pretty insane.

And if you don't think that's a bit too good to be true, have a look at their other investment scheme (it's land-banking in Hong Kong): it's offering 100-200% in 5-7 years.

The yields are too good to be true - and even if they weren't, these schemes have been through the forums before with different distributors.

 

[vivalarave]

100% in 5 years - 20 % per year on initial investment..
Possible if you bought the land from farmers and then resell to developers.

Going in at around few bucks psf to sell for $200+ - It's already happening in Singapore - look at the bid prices. 300-400 psf for tiny plot of land.

land banks are limited commodity and if selected correctly can be sold for a profit.

It is a linear time line with hard assets with the real estate life cycle.

But given market sentiments now, will the yield be the same 12%?
Sometimes the sentiments can be misconstrued by agents due to their nature they want to sell the product.

So if it is audited and has a track record, its still plausible.
I too understand that the past performance do not determine future gains, at least you know that it is a way to know it has been transacted before.

 

[Shiny Things]

But given market sentiments now, will the yield be the same 12%?
Sometimes the sentiments can be misconstrued by agents due to their nature they want to sell the product.

Yeah - the problem is that they're promising a guaranteed 12% pa. What they're promising is impossible.

Another question to ask yourself: if they really could make 12% a year on these real estate investments, why would they cut a bunch of schlubs in Singapore in on that? If the gains were real, they'd be a lot better off going to their local branch of Commerzbank or Deutsche Bank, borrowing the money (they'd pay a lot less than 12%!), and keeping the profits for themselves.

 

[recruitxpress]

from what i understand they are giving the 12% because that is what SWH agreed with them. it also takes too long to get a bank loan approved by the time the bank approves someone else might have brought it they are getting people from sg to raise funds for this and since they are working with the developer. my friend says it's quite safe, safer then playing forex or stocks because the risk is not so high. I'm actually looking for diff opinions so i can make a better decision.

 

[FP_IFA]

When they said guaranteed, who is the one giving the guaranteed? Anyone can give guaranteed. It is how guaranteed is the guaranteed.

 

[Shiny Things]

from what i understand they are giving the 12% because that is what SWH agreed with them. it also takes too long to get a bank loan approved by the time the bank approves someone else might have brought it they are getting people from sg to raise funds for this and since they are working with the developer. my friend says it's quite safe, safer then playing forex or stocks because the risk is not so high. I'm actually looking for diff opinions so i can make a better decision.

I'm giving you a different opinion, and my opinion is that your friend is either lying or deluded and that the whole thing is a ponzi scheme.

The stuff about "taking too long to get a bank loan" is rubbish. Developers can get pre-approval for lending, or they can get revolving lines of credit that they can draw down with no notice, and they'd still pay less than 12% for it. There is NO reason for them to raise money from idiots in Singapore instead of going to a German bank to do it.

And it's not "safe", because you're running the risk that the ultimate investor (it's not SWH, by the way - they're giving the money to someone else) runs off with your money.

The entire thing sounds like a pack of lies.

 

[sunzoner]

100% in 5 years - 20 % per year on initial investment..
Possible if you bought the land from farmers and then resell to developers.

Going in at around few bucks psf to sell for $200+ - It's already happening in Singapore - look at the bid prices. 300-400 psf for tiny plot of land.

....

In many developed countries, there are something called "planning permission" and "green field land"...

It is almost impossible to convert a green field land to commercial or industrial use.

Hence, no point buying from the farmers cos you cant do anything with it.

Also, stop being clouded by the Singapore example. Which other countries are governed by our exceptional PAP?

 

[aitpowergroup]

scam????

Shiny things > I have search from google. google didnt tell me it is scam.
i have already put lots of money inside. how?
what industry were u in? y u very familiar with this? help me pls

 

[aitpowergroup]

scam????

Shiny Things > from what i see here u seems like lose a lots of money in invest this listed building. haha

 

[Shiny Things]

Shiny things > I have search from google. google didnt tell me it is scam.
i have already put lots of money inside. how?
what industry were u in? y u very familiar with this? help me pls

I was a trader - but you don't need any particular trading skills to spot that there's something shifty about this. They're promising returns that are far too good to be true; all you need to remember is that there's no reward without risk.

If you've put money into it, then I'd suggest your first call should be to a lawyer.

from what i see here u seems like lose a lots of money in invest this listed building. haha

Haha - nope, never touched it, never will. But nothing pushes my buttons more than scammers trying to defraud investors who don't know any better.

 

[heng_alvin]

@aitpowergroup

Obviously u r one of their distributor,next time use a better nick to post lah. Ait is alternative investment group pte ltd?

Knn,rec sms and email from your salesman.

 

[peterchan75]

@aitpowergroup

Obviously u r one of their distributor,next time use a better nick to post lah. Ait is alternative investment group pte ltd?

Knn,rec sms and email from your salesman.

tsk.. tsk... tsk....

You give them your hp and email ... tsk tsk tsk..

 

[heng_alvin]

Pls la,when did I say I gave them my number and email. I don't mind receiving advertisments anyway but at least bcc la when you wanna spam by email.

 

[cookcpu]

So many new user started to promote alternate investment.

I guess there are pig born everyday.....and greed lead them to the slaughterhouse.

 

[WuMing1234]

i remember this shenton wealth holding is somehow related to wealsol.
this wealsol dealt with landbanking which somehow looks fishy to me. Up for awareness as well!

 

[maximilian]

Heard about this company. Their minimum investment amount is 10k. fixed 12% returns in 12months is true. Heard from my friend capital is protected and investors are given the first charged to the buildings in germany thu a trustee plus of course there are black and white to be sign.

 

[Jacky2000]

Recently attended a property investment seminar and was recommended by this also, so anyone invested and got back their $$$ yet?