International - Thailand condo investment

[Tip Mallick]

I couldn't find an international forum, so I am posting this here.

Has anyone invested in condos in Thailand? Did you get superior returns than investing in US Real Estate?

From what I gather, the capital appreciation is little to none.
At the moment, I am getting a 7% return from dividend-paying US ETFs with practically little time and effort.

Would you consider investing in condos in Thailand that don't show more than 10 to 12% ROI and I'm talking about ROI as rental income.