I am not going to Republic Plaza tomorrow.. Instead I will be heading down to NUS.. I am not going to sit in office finding work to do.. Instead I will be at IRC going through the resources..
Mr Tan gave me a project to do.. Look for resources that are not being produced by anyone in the market.. In the changing environment of the market, there are also changes to the kind of information that the industry needs.. Academics definitely are unable to keep up with the constantly changing environment of the industry and sometimes the industry will do their own research and data collection..
I didn’t expect that valuation department needed such research until I heard and understand the scenario that Mr Tan and Chee Leong depicted to me.. I also recalled what Dr Kwame said during lecture, that valuation ain’t that simple and there are many contentions to the very basis of valuation..
This is a very fresh experience for me as I wasn’t aware that I could be asked to do such a research.. It is also good for me as the information can help when I doing my thesis.. It is also good as it is something different from what I am doing now.. It is also more relevant to valuation as I would understand more about how people come up do their valuation decision and the consequences to their decision..
Best thing would be that I can drive to school instead of taking public transport.. Bad thing would be that I have to report back to office to Mr Tan on whether this kind of research could be done with the level of information access that I have.. But at least that I can park my car at Plaza Singapura and take MRT back to Republic Plaza.. With the first 1hr free and $1.20 for the subsequent hr, this is a great deal and so much cheaper than parking in CBD, not mentioning the ERP charges that I have to pay when I enter CBD..
If the research goes well, I might be spending the next few days, even weeks in school doing the research.. It may be boring but I certainly hope that I can spend some alternate days in office and get more experience in actual valuation and especially the valuation of REIT..
