The most heartening thing about the four Golden Horse Awards wins chalked up by Ilo Ilo on Saturday night - including the top award of Best Feature Film - is that the film could not be more Singaporean.
Its maker was born and raised here, and its story of a family in a small HDB flat coping with a new foreign domestic helper is as local as the Housing Board. And it was made on a Singapore-sized (read: small) budget.
Coming after Ilo Ilo won the Camera d'Or for Best First Film at the Cannes Film Festival earlier this year, it has put both writer-director Anthony Chen and his drama in Singapore history books as the country's most internationally lauded auteur and film, two products of Singapore pitted against the best in the world - and winning.
Chen likes to call Ilo Ilo, a drama about a Singapore family struggling to adapt to their new domestic helper in the midst of the 1998 economic slump, his "little film".
This "little film", shot around Jurong and other housing estates on a budget of $500,000, is not just an award winner. It is also doing tidy business at box offices overseas, especially in film-mad France.
The film's modest financial gains, when seen against its plaudits for artistic achievement, point to several interesting new trends in Singapore cinema.
First, while the film might be partly funded by the Singapore Film Commission and Ngee Ann Polytechnic and feature the vision of a Singaporean film-maker, it is, under the surface, an international work.
It features two foreign-born leads - a Malaysian-born actress (Yeo Yann Yann, winner of Best Supporting Actress award at the Golden Horse) and Filipino actress Angela Bayani.
The director of photography, Benoit Soler, is a Frenchman.