Overseas landbanking as an investing trend was popular in the late 2000s in Singapore and may now be forgotten by many. One can read more about it here. My parents are one of the unfortunate investors. Being like most Singaporeans, a free lunch buffet at a nice hotel is attractive, thinking that one has the will power to resist the hard sell tactics. I wouldn't go as far as to say this is a scam even though this company is on the MAS investor list but as a general rule of thumb, if something is too good to be true and have to be sold very hard with nice accompaniments, run far far away from it. Long story short, the land they bought was a Greenbelt land ( basically land designated by policy to be undeveloped and generally used as agricultural land to control urban growth.)...