I’m not detached, objective about the 10Y guarantee.
- beware credit risk. In contrast insurance payout is much more guaranteed than the GRR
- beware capital depreciation risk
- my Cambodia and BGC real life experiences tend to create a false sense of “in-depth experience”. Actually not in-depth, because the sample size is way too small to be statistically significant.
- It’s not over yet. I have not received USD sales proceeds.
- Phnom Penh is NOT another Singapore or Hongkong
- The big brands (Shangrila or CapitalLand) are off the hook. These brands suffer no reputation damage if the 10Y guarantee is broken. This is similar to a celebrity endorsing a company that could go bankrupt soon.
- it’s 10Y only, not lifetime
Top 3 “risk-factors” NOT covered by the 10Y guarantee
- location — could be inferior, so the developer has to offer the 10Y guarantee.
- developer credibility — cash flow,,,
- overpriced