When an overseas buyer invests in a Singapore property, he (or she) is converting his home currency into Singapore dollar.
As such, he is taking a currency bet.
Tagged in:
Conversion of currencies
Differentiation in currencies
Gain in currency exchange
Principles of transaction
Property loss to a gain
Property value in Singapore
Reduce slope of policy band of Singapore Dollars
Singapore dollars slide to weakest to fight deflation
Stability of Singapore Dollars