According to me, there is no disadvantage to working in any geographical area in consulting. If you have spent a significant amount of time in consulting, which is around 3-5 years at least, and you navigate yourself well from one project to another. Consulting is a generalist profession and you have exposure of different types of projects, wherever you worked.
However, in SEA I see a couple of advantages. I have been worked in Europe, Africa, Asia, and in several projects in US and Australia.
SEA is an emerging market, so the kind of projects that you get to do have a lot of strategy climate because are still low-hanging fruits and some transformative things that can be done, verses in the developed markets, where projects are incremental in nature. This the first.
Secondly, the diversity of these projects are also pretty high, different cultures, different types of needs of consumers. The market is quite diverse, so the projects tend to be diverse.
I see these 2 advantages of working in SEA. However, from the prospective of long-term career strategy, you always need to think of how many years you want to spend in the particular region, depending on where you want to settle down, or where you want to make yourself a partner in consulting, and the last thing - the closer to your home-market, where not just language and culture, but the customers psycho is similar, the faster you will grow.
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Cheers,
GB