Foreign asset: Most of the time, ‘ownership’ is not properly explained; instead, ‘ownership’ may be the right to have a long lease, the right of use, trust arrangement, limited tenure or limited usage. – Bloomberg
PROPERTY is a known and well-established asset class in any investment portfolio. More recently it has gone beyond just the reach of the affluent few to the fast expanding middle-class.
Even more recently, retail property investors have gone across border as well, modelling the institutional investors on a smaller-scale all in the name of leverage and the preservation of real value in the volatile currency exchange market these days. Of course, all these are made possible through the ease of communication in this age of globalisation.
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