— offer to buy over Raymond’s unit, with GEX as advisor

• 🙂 meeting my top filter conditions — quantum; prime location. very hard to find in other countries.
• 🙂 twin unit, possibly better rental yield, no lower than single units.
• .. hopefully lower fees or better service with Aleris
• .. flexibility of renting and selling. Can offer as two independent units or a combined unit.
• .. NRY still considered low
• 🙂 imperfect but familiar ecosystem/environment, better FHR than in a new country
• 🙂 good timing as pandemic is lifting
• 🙂 good timing as my HDB mortgage can help me…
• 🙂 save on sales commission, though I may still need to pay NCT some amount.
• 🙂 iFF I must, I don’t mind overpaying a bit to a good friend. I want to say it with sincerity and avoid over-promise.
• 🙂 I think Raymond has less time on his side and wants to sell earlier. I have a longer horizon (age 75?) So I can take over his hot potato.
• 👎👎 country-risk::currency
• 👎👎 Megaworld is not very reputable. I kinda trust NCT, but I could cross-check with Aleris. I choose to believe the overcharge accusation. As to the the delay in title transfer, I can see that they don’t take it seriously. See title transfer: Megaworld^Cambodia.
• 👎 inefficient legal system
  • 🙂 lower legal risk due to good seller, so title transfer is less risky.
• 👎 risk of damaging our friendship. Need to proceed with advice.
• 👎 concentration risk with an unreliable developer, in a non-performing country
• 👎 country-risk::economic
• 👎 high HOA/condoFees

— 👎 NGRY .. hopefully better than SG condo

👎 oversupply in the BGC region, hurting rental yield and (to some extent) resale price.

— 👎 very bad for my U.S. relocation plan. Even worse than a SG commercial property

Is it easy to sell within a few years, before I move family to the U.S. ? Need to ask around.