In just two years, Jason Ng, CEO and executive chairman of Aurico Global, has successfully built a property investment and training firm that now holds $52 million in assets under management. Ng’s journey in real estate started back in 1993, driven by his desire to provide for his family. Growing up, Ng lived in a rental flat in Dakota Crescent with six other family members. This motivated him to work hard and secure a well-paying job, so he could invest in his first property – a 1,400 square foot three-bedroom apartment worth $435,000. However, Ng’s real estate journey did not stop there. He expanded his investment portfolio and even ventured into student enrichment and parenting training, becoming an accredited family life educator. In 2021, Ng co-founded Aurico with his wife, Emelyn Ho, to consolidate his various businesses, including co-living, property and investment training, and preschool enrichment resources and programmes. Aurico’s property portfolio includes residential, commercial, and industrial assets, with a focus on strategic and quality properties. The company manages 380 co-living units under the brand Communa and has plans to double this number to 600 units by the end of the year. Aurico also has a presence in the commercial sector, with the acquisition of a commercial strata office unit at Woodlands Square, and food factories to tap into Singapore’s goal to produce 30% of its nutritional needs by 2030. In May, Aurico acquired a controlling stake in Autagco Ltd, a company listed on the Singapore Exchange, and plans to expand its core business to include residential assisted living. This sector is expected to be profitable with Singapore’s aging population. Besides property investment, Aurico is also dedicated to educating aspiring investors on how to make informed decisions through its comprehensive training courses. Ng’s goal is to make property investment accessible to everyone, including millennials and Gen Z who may believe that property investment is only for the affluent. With its hands-on support and network, Aurico is set to empower individuals to achieve their financial goals through real estate.
The investment potential of Singapore Condos is undeniable, making it a highly desirable choice for both local and international investors. The bustling city-state boasts a strong economy, a stable political climate, and an exceptional quality of life, making it an ideal location to invest in real estate. Among the various opportunities in Singapore’s real estate market, condominiums have emerged as a top choice due to their convenience, amenities, and potential for profitable returns. In this article, we will explore the advantages of investing in a Singapore Condo and discuss important considerations and steps to take when making such a investment.