in course of formation
What can you "get" for a Lm1,000 these days ? You can get, just as an example,
a Time-Share? In time-share you buy, for a period of years (ranging from 10 to 25),
the use of a furnished apartment, for a week or two, at the same time every year.
However you have to pay an annual "maintenance fee" which often works out to
a further payment, of an annual amount equivalent to the rental value of the same
apartment. If you want to utilize another property elsewhere, it is possible to
exchange your unit with another location. However, there is, usually, another
charge for this service.
Usually, you will find that the combined costs
EXCEED THE NORMAL RENT/COSTS
OF THE SAME PROPERTY,
when utilised separately from any time-share scheme.
Moreover, you
do not earn interest on your money. It is
usually very difficult to dispose
of your time-share,
especially if the “letting” period is nearing its end. At the end of the
hiring period you return the property to its
owners and you have nothing to show for your
money. GUESS
WHY THIS PART IS WRITTEN IN BLUE? It is because you get
NOTHING, and you might get blue in the process
!
That is why we have conceived this alternative
scheme in property which makes you a
winner all along.
ENTER THE NEW CO-OP SCHEME –
1st PERPETUAL PROPERTY
IN THIS SCHEME, YOU BUY AN UNDIVIDED SHARE OF A BUILDING
(or buildings) IN MALTA. PROPERTY HERE HAS HISTORICALLY INCREASED
IN VALUE FROM YEAR TO YEAR.
YOU DO NOT ACQUIRE OCCUPANCY RIGHTS
BUT YOU DO NOT PAY MAINTENANCE CHARGES.
HOWEVER, YOUR "RIGHTS" INCREASE IN VALUE
WITH THE PASSAGE OF TIME.
ACCORDING TO THE TIMES OF MALTA, 5 NOV 99, PAGE 5 –
TO SHARP RISES IN THE COST OF LAND.”
THE SCHEME OPERATES IN UNITS OF Lm1, 000 TO KEEP MATTERS
SIMPLE AND STRAIGHT FORWARD.
TO WITHDRAW FROM THE SCHEME, ALL YOU NEED IS
TO GIVE 2 MONTHS NOTICE in writing.
FOR MORE DETAILS PLEASE ------>
QUOTING YOUR NAME - ADDRESS & TELEPHONE NUMBER/S.
The value of any investment can go down as
well as up, and the past performance is
no guarantee of success in the future. It
is highly recommended that you consult an
authorised financial intermediary, stock-broker,
or Bank Manager.
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