— my filter conditions for overseas

1. small quantum. Hard limit? 250k?
2. rental yield .. this depends on the local economy and rental demand
3. prime location
4. — minor conditions
5. FX risk .. I discussed GBP/SGD (3..) and AUD/SGD (1.3..) with MAPIC advisor and my sister.
6. legal risks

So for many years I have prioritized quantum and primeLocation. That’s why I always pick up tiny units and never bought in developed countries. Other people usually aim at windfall profit, which is a wrong priority for me. I stay away from the exclub temptation. Windfall profit doesn’t enrich my life as additional NNIA does.

— economic maturity .. a tricky “filter”

Developing countries offer more upside (at least in theory), but there is real risk of getting stuck in “protracted_adolescence”.

Perhaps we could switch from super-macro to less macro like municipal level. Some hotspots in a developing country could avoid protracted_adolescence.

— Wallan case study on 26 Feb 2022 .. See also MAPIC: j4$1100. Based on my filter conditions, most of the early indicators that presenter shared are inferior to the early indicators in BGC or Cambodia locations.

The actual surprises included FX risk, developer integrity. However, it’s possible that Megaworld is below-par but not as unethical as I thought.

I still feel my Cambodia deal is much better overall, based on my priorities.

FX loss (in SGD terms) can wipe out all your capital gain + rental income.