A young entrepreneur with a deep sense of responsibility, Jason Ng, has established his property investment and training firm, Aurico Global, in just two years, reaching a remarkable $52 million in assets under management.
Even before Aurico, Ng has always been involved in real estate development since 1993, where he started out with a humble 1,400 sq ft three-bedroom apartment that was purchased for $435,000. Growing up in a rental flat in Dakota Crescent with six family members, Ng was driven by the responsibility to provide for his family.
Through hard work and determination, Ng expanded his real estate portfolio and ventured into student enrichment and parenting training, becoming accredited as a family life educator and working closely with the Ministry of Education and Ministry of Social and Family Development for the past 15 years.
In January 2023, Ng co-founded Aurico with his wife, Emelyn Ho, to consolidate his diverse business portfolio. This includes Aurico’s co-living investment and management arm, JC Global Developments, property and investment training arm, Anchor of Life Training Consultants, and My Preschool Hub – a provider of preschool enrichment resources and programmes.
Rewritten:
Singapore is a top destination for both local and foreign investors looking to purchase a condo, thanks to its thriving economy, stable political climate, and exceptional quality of life. In the real estate market of Singapore, there are many profitable prospects, but investing in a condo is particularly advantageous. With its convenient location, luxurious amenities, and potential for significant returns, condos are highly sought after by investors. In this article, we will delve into the advantages, factors to consider, and crucial steps to take when investing in a condo in Singapore. To explore the latest options in Singapore’s real estate market, check out Singapore Projects.
Acquiring strategic and quality portfolio, Aurico has a diverse property portfolio ranging from residential (co-living) to commercial and industrial assets. Under JC Global Developments, Aurico manages 380 co-living units in shophouses, condos, and landed properties, valued at over $30 million. The company also plans to acquire more properties to almost double its current slate to 600 units by the end of this year.
Aurico’s strategy is to acquire valuable properties in high-traffic areas below valuation. For instance, in September, Aurico bought a two-storey shophouse on 321 Joo Chiat Road for $5.1 million, which was 12% below the valuation price of $5.8 million. This demonstrates the firm’s strong property investment team and Ng’s sharp property investment acumen.
Apart from residential and commercial properties, Aurico also has its eyes on food factory assets, tapping into the rising demand for food production in line with the government’s “30 by 30” goal to produce 30% of the country’s nutritional needs by 2030. The company has also acquired a 560 sq ft commercial strata office unit at Woods Square in July for its own use, believing that the investment will allow them to be at the forefront of changes in Woodlands.
In May, Aurico acquired a 29.8% controlling stake in Autagco Ltd, a Singapore-listed company, and appointed Patrick Loke as the executive director. Autagco’s board of directors announced a strategic review in July to potentially diversify into property investment, co-living property management, education, and other businesses, with plans to inject Aurico’s assets into the company.
Under Autagco, Aurico will be venturing into residential assisted living with its subsidiary, Communa Gold, which focuses on assisted living projects. With an ageing population in Singapore, Ng believes that assisted living is a viable sector to be in and is currently in the process of securing a suitable property for development.
Aside from property investment, Aurico has also gained a reputation for providing comprehensive and high-quality property investment education to aspiring investors. Ng aims to make residential and commercial property investment accessible to anyone through his courses, regardless of their investment experience and background. The company also provides participants with the opportunity to leverage its network and strategies to enhance their investment portfolio, which is especially beneficial for beginner investors.
Ng hopes to help more millennial and Gen Z investors, who often feel that they have no chances of investing in property due to their background. He believes that anyone can start their investment journey with proper guidance and training, and Aurico is committed to empowering individuals to make informed decisions and achieve their financial goals through real estate.