Aurico Global: Local asset manager with formidable portfolio valued at $52 million
In just two years, homegrown property developer Jason Ng has built his property investment and training firm Aurico Global from the ground up to reach $52 million in assets under management.
Aurico, where Ng serves as CEO and executive chairman, is not his first foray into real estate development. His property investment journey began as early as 1993, when he was driven by his sense of responsibility to provide for his family. Growing up, Ng stayed in a rental flat along Dakota Crescent with six family members — his parents, grandmother, and three older sisters.
Motivated to support his family, Ng worked hard to land a well-paying job that would give him enough capital for his first property investment in 1993 — a 1,400 sq ft three-bedroom apartment for $435,000. “You can’t even get a similar-sized house for that price nowadays,” he reflects.
Ng quickly learned the ropes of property investment and management and expanded his real estate portfolio. He also ventured into student enrichment and parenting training. He is now accredited 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.
In January 2023, Ng co-founded Aurico with his wife, Emelyn Ho, to consolidate his diverse portfolio of businesses. These include 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.
A co-living apartment at Aurico Global’s 331 Joo Chiat Road, which was purchased in September (Photo: Aurico Global)
This strategy is a testament to the firm’s strong property investment team and Ng’s sharp property investment acumen. “Every property that we buy must be bought at below market valuation. That means that before we buy an asset, we’ve already made money on it,” Ng says.
Aurico also eyes commercial properties at strategic locations that are undergoing rapid transformation, such as the 99-year leasehold mixed-use development Woods Square in Woodlands. The company bought a 560 sq ft commercial strata office unit at Woods Square in July for its own use.
“We believe that this investment allows us to be at the forefront of changes in Woodlands. This includes the upcoming Johor Bahru-Singapore Rapid Transit System,” Ng explains. Having an office in Woodlands also boosts operational efficiency, as Aurico can easily hire workers from across the border.
The firm acquired food factory assets to tap on the rising demand for food production due to the government’s “30 by 30” goal to produce 30% of the country’s nutritional needs by 2030. “Though we do not plan to go directly into the F&B business, we believe that the food factory and central kitchen purchases are a strategic investment that enhances our portfolio,” Ng says.
Aurico Global expects to reach 600 co-living units by the end of the year (Photo: Aurico Global)
One of the food factory properties is a strata-titled food facility called Food Xchange @ Admiralty. Strategically located within the established food cluster on Admiralty Road West, the facility also has a long lease balance of 36 years. According to Ng, the property stood out as a quality asset due to its proximity to Johor. “This provides added competitive advantage for food manufacturing businesses and a strong source of manpower,” he notes.
Ng regularly conducts wealth management training at the CT Hub 2, one of the office units owned by Aurico Global (Photo: Aurico Global)
Two groups that Ng specifically wants to help more are millennial and Gen Z investors. “I often hear youths from this group lament that they have no chances of investing in property because they don’t come from affluent backgrounds. That’s a mindset that I want to change because I believe that anyone can start their investment journey, as long as they have the proper guidance and training,” he shares.
With its comprehensive curriculum and hands-on support, Aurico is poised to empower individuals to make informed decisions and achieve their financial goals through real estate.