Now I think the 3 shop units together appears to be an outlier if “plotted” along return vs risk

• ==== returns
• guaranteed rental without vacant period.
• potential windfall
• — cost that erodes returns
• 0 legwork — huge cost in the U.S. context and Singapore too
• 0 taxes
• 0 repairs
• low currency exchange cost
• ==== risks are mostly listed on REIT/dividend stock^shop unit but I will pick a few
• uncertainty of dividend? perfect track record so far
• perceived risk to principal? no sign of trouble but this is the biggest question mark over the outlier status.

Conclusion — too early to call it an outlier. Need to see some units changing hand at reasonable prices.

Because this data point appears to be so much ahead of the pack, I tend to develop emotional attachments.

I tend to feel too proud of them.