With the aim of making property investment education and opportunities accessible to everyone, Ng is dedicated to expanding Aurico’s reach and portfolio in the coming years.
Over the course of just two years, Jason Ng has built his property investment and training firm, Aurico Global, from the ground up to reach a remarkable milestone of $52 million in assets under management. As the CEO and executive chairman of Aurico, Ng has had a successful career in real estate, with his interest in property investment dating back to 1993.
Growing up in a small rental flat with six family members, Ng was motivated to provide for his family and sought out a well-paying job. With his hard-earned capital, he made his first property investment – a 1,400 sq ft three-bedroom apartment for $435,000. Looking back, Ng acknowledges that it was a great deal, as similar-sized properties are now priced much higher.
As Ng’s real estate portfolio grew, he also ventured into student enrichment and parenting training. He is now recognized as a family life educator and has been working with the Ministry of Education and Ministry of Social and Family Development for over 15 years. However, it wasn’t until January 2023 when Ng and his wife, Emelyn Ho, co-founded Aurico to consolidate their various businesses, including JC Global Developments, Anchor of Life Training Consultants, and My Preschool Hub.
Aurico’s property portfolio is diverse, covering residential, commercial, and industrial assets. One of their biggest ventures is a co-living concept called Communa, managed by JC Global Developments. They currently have 380 units spread across shophouses, condos, and landed properties, with a total value of over $30 million. Together with other shareholders, Ng plans to acquire even more properties and expand their portfolio to 600 units by the end of the year.
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Aurico’s strategy is to acquire valuable properties in sought-after areas at a below-market valuation. In September, they bought a two-storey shophouse on 321 Joo Chiat Road for $5.1 million, which was 12% below its valuation price of $5.8 million. This approach has been successful due to their strong property investment team and Ng’s sharp investment acumen.
The company also has their sights set on commercial properties in strategic locations that are undergoing rapid transformation. In July, they purchased a 560 sq ft commercial strata office in the 99-year leasehold development Woods Square in Woodlands. Ng explains that this investment allows them to be at the forefront of the changes happening in Woodlands, including the upcoming Johor Bahru-Singapore Rapid Transit System. Having an office in this area also improves operational efficiency, as they can easily hire workers from across the border.
In line with the government’s goal to produce 30% of the country’s nutritional needs by 2030, Aurico has also acquired food factory assets. Although they have no plans to enter the F&B business directly, Ng believes that these properties are strategic investments that enhance their portfolio. One of their properties is Food Xchange @ Admiralty, a strata-titled food facility located in the established food cluster on Admiralty Road West and with a long lease balance of 36 years. According to Ng, this property stood out due to its proximity to Johor, providing added advantages for food manufacturing businesses, such as easy access to manpower.
In May, Aurico acquired a 29.8% controlling stake in Autagco Ltd, a publicly listed company. Ng has appointed Patrick Loke as the executive director of Autagco and has plans to inject their assets into the company. In October, Autagco announced its intention to enter the residential assisted living sector, with Ng’s vision to cater to the ageing population in Singapore.
With their reputation for providing comprehensive and high-quality property investment education, Aurico is dedicated to training the next generation of property developers. Ng believes that investment education is essential but inaccessible to many, and aims to change this by making residential and commercial property investment accessible to all. They offer intensive courses and support participants in leveraging the firm’s network and strategies to enhance their portfolio. Ng is particularly passionate about helping millennials and Gen Z investors, who often feel that they can’t invest in property due to their lack of wealth. With their comprehensive curriculum and hands-on support, Aurico is determined to empower individuals to achieve their financial goals through real estate. And with Ng’s dedication to expanding the firm’s reach and portfolio, the future looks bright for Aurico Global.