Aurico Global Local Asset Manager Formidable Portfolio Valued 52 Million

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In two short years, Jason Ng has made Aurico Global a leader in property investment and training, with $52 million in assets under management. under the leadership of CEO and Executive Chairman Jason Ng, Aurico Global has grown tremendously, reaching $52 million in assets under management in just two years. Ng’s passion and drive for real estate investment began in 1993, when he was motivated by his responsibility to support his family. Despite coming from a humble background and living in a rental flat, Ng worked hard to land a well-paying job that allowed him to make his first property investment of a 1,400 sq ft three-bedroom apartment for $435,000.Throughout the years, Ng honed his skills in property investment and management, eventually venturing 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 and his wife Emelyn Ho co-founded Aurico, consolidating their diverse portfolio of businesses, which 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.Aurico has a wide range of property types in its portfolio, including residential (co-living), commercial, and industrial assets. Its co-living venture, Communa, managed by JC Global Developments, currently has 380 units in shophouses, condos, and landed properties valued at over $30 million. The firm aims to almost double this number by the end of the year, with plans to acquire more properties. Aurico’s property investment team, led by Ng, is known for its strategic and value-driven approach, acquiring properties in high traffic areas at prices below market valuation.One of their most recent acquisitions was a two-storey shophouse on 321 Joo Chiat Road for $5.1 million, 12% below its valuation price. Aurico also has its sights set on commercial properties in areas undergoing rapid transformation, such as the mixed-use development Woods Square in Woodlands. The company purchased a 560 sq ft commercial strata office unit in July for its own use, citing the upcoming Johor Bahru-Singapore Rapid Transit System and the convenience of hiring workers from across the border as reasons for the investment.In line with the government’s “30 by 30” goal to produce 30% of the country’s nutritional needs by 2030, Aurico also acquired food factory assets to tap into the rising demand for food production. Though the firm does not plan to directly enter the F&B business, Ng sees the purchase of food factories and central kitchens as a strategic investment that enhances their portfolio, such as the strata-titled food facility Food Xchange @ Admiralty, located within the established food cluster on Admiralty Road West.Aurico’s acquisition of a 29.8% controlling stake in Autagco Ltd in May has also opened up opportunities for the firm to explore new business ventures. Ng has appointed shareholder Patrick Loke as the executive director of Autagco, which is in the process of diversifying into property investment, co-living property management, education, and other businesses. With their controlling stake, Aurico plans to inject their assets into Autagco, and has already begun exploring the potential of residential assisted living.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 an assisted living facility for seniors, to be managed by their subsidiary Communa Gold.One of Ng’s main goals is to make quality property investment education accessible to all. Through Aurico’s comprehensive curriculum and hands-on support, individuals of all backgrounds and experience levels can learn how to make informed investment decisions. Ng is particularly passionate about helping millennial and Gen Z investors, hoping to change the mindset that one needs to come from an affluent background to invest in real estate. In just two years, Aurico has established itself as a leader in property investment and training, with its CEO and Executive Chairman Jason Ng at the helm, and shows no signs of slowing down.