Land banking is buying land before it’s needed for development, based on growth projections. Then holding it for about a X number of years before selling it for a much higher price.
Many developer companies and investors has been using land banking to build their wealth and legacy.
Land banking is a 100% profitable investment as no one can generate a new land. Buying at a low price and selling it at a high price is something the millionaires around the world has been doing on regular basis. Even if one are not buying for profit, the land can be used to build a legacy of the owner’s family.