Indian Citizens Living in Singapore Lured to Property Back Home by Rupee’s Decline

Bloomberg
Vivek Sharma, like many Indians who came to Singapore for work, failed to jump into the island state’s booming property market before the government imposed taxes to deter foreign buyers.
Now, he is joining thousands of his compatriots who are taking advantage of the drop in the rupee to a record low in December and seeking to buy property back home -- for rental investments, homes for left-behind family members, retirement properties and residences for their own eventual returns. Full story