♥ Princessa's Royal Diary ♥ - Royalty has never been so PINK!

Close to the end of May 2007, an article in Channel NewsAsia stated that:

Property market sees 86% increase in investment sales
SINGAPORE: Four of the ten largest property investment deals in Asia in the first quarter were for Singapore properties.

I guess you can somewhat interpret that as "the Property Investment Market in Singapore is and will continue blooming?"

P/s: This is so NOT my kinda topic.

Anyway...

Recently, about a week or two ago. Completely out of the blues... I kinda had a short "discussion" with a friend of mine (I am not revealing my sources), which was somewhat related to this issue.

In her opinion, the prices for property is currently ridiculously high. Thus, many seeing this opportunity, are letting go of their property to make some profits outta it. However, it seems (to me at least) that the supply has way exceeded the demand.

In economics ("something" I used to study), supply and demand describe market relations between prospective sellers and buyers of a good. Based on the supply and demand model, it determines the price and the quantity sold in the market.

The model is basically the fundamental in microeconomic analysis of buyers and sellers and of their interactions in a market. It is used as a point of departure for other economic models and theories. It predicts that in a competitive market, price will function to equalize the quantity demanded by consumers and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity.

Apart from all that, the model incorporates other factors changing such equilibrium as reflected in a shift of demand or supply.

*Blah, blah, blah*

I came across this particular Property blog by Taj Mahal.

Based on his introduction page...

He is just a geeky individual that somewhat has too much time to spare. Thus, with his keen interest in property investment, without actually having any property investment experience. He decided to "make things happen".

Apparently the site started off as a "property investment project", with the plan was to invest into property and become a landlord.

This guy, knows completely NOTHING about property investment and the point of the website was to document his every step, so "people" could read about his transition from clueless-property-idiot to landlord.

*Blah, blah, blah*

Such a focused blog it is unlike mine. Property Investment 101?