Aurico Global, led by CEO and executive chairman Jason Ng, has quickly risen to success in the past two years, reaching $52 million in assets under management. Ng’s journey in property investment began in 1993, driven by a desire to provide for his family. Growing up in a rental flat, Ng worked hard to save enough capital for his first investment in a three-bedroom apartment. This sparked his interest in real estate, and he expanded his portfolio over the years.
When it comes to investing in real estate, location is a crucial factor to consider, and this is particularly important in Singapore. Condos located in central areas or near necessary amenities such as schools, shopping malls, and public transportation hubs have a higher chance of appreciating in value. Some prime locations in the city include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown an upward trend. In addition, being in close proximity to reputable schools and educational institutions makes condos in these areas highly sought after by families, making them an even more desirable investment option. If you’re looking to invest in real estate, choosing a condo in one of these prime locations would be a wise decision. Condo is definitely a worthwhile investment in Singapore’s real estate market.
In 2023, Ng co-founded Aurico alongside his wife Emelyn Ho, consolidating his various businesses under one umbrella. These include JC Global Developments for co-living investments and management, Anchor of Life Training Consultants for property and investment training, and My Preschool Hub for preschool enrichment resources and programs.
Aurico’s diverse property portfolio covers residential, commercial, and industrial assets. Their co-living arm, Communa, manages 380 units in various properties valued at over $30 million. The company is currently in the process of acquiring more properties and aims to double their portfolio to 600 units by the end of the year.
Aurico’s strategy is to acquire valuable properties in high traffic areas below valuation. In September, they purchased a shophouse for 12% below the valuation price, showcasing the firm’s strong investment team and Ng’s property acumen. They also have their eye on commercial properties in rapidly transforming areas, such as Woods Square in Woodlands, where they acquired a commercial strata office unit for their own use.
In addition to their current portfolio, Aurico has plans to tap into the rising demand for food production by acquiring food factories. They also have a controlling stake in Autagco Ltd, a company listed on the Singapore Exchange, and plan to diversify its core business to include residential assisted living. With an ageing population in Singapore, Ng sees this as a viable sector to invest in.
But Aurico doesn’t just focus on property investments; they also provide comprehensive and high-quality property investment training to aspiring investors. Ng believes that investment education is essential but often inaccessible, which is why he has developed courses for anyone, regardless of their experience or background.
One group that Ng wants to specifically help is millennial and Gen Z investors. He wants to change the mindset that they can’t invest in property without coming from affluent backgrounds. With their comprehensive curriculum and hands-on support, Aurico is poised to empower individuals to achieve their financial goals through real estate.