Home / This real estate agent bought an apartment and Porsche at 22, earned the first million of 24, Money News

This real estate agent bought an apartment and Porsche at 22, earned the first million of 24, Money News



The name Jervis Ng may not ring a bell but he may be a familiar face to some, especially if you surf videos on YouTube regularly.

The real estate agent fronts more than a few videos marketing various medium and high-end properties in Singapore, such as this $ 63 million Good Class Bungalow home. He also gives real estate tips to buyers and pep talks with agents on his social media channels, like this one on how to become a millionaire at 24.

For a 24-year-old, he definitely seems to have achieved more than others his age.

Ng is listed as the founder of JNA Real Estate, an independent team under Propnex Realty, Singapore̵

7;s largest real estate agency. He currently leads a team of more than 30 agents, mostly young millennials.

The company’s brokers invest in all types of real estate – residential, commercial and industrial real estate, and Ng’s LinkedIn profile proudly states that he has “made $ 150 million in CBD investments”.

According to EdgeProp and 99.co, he is not only one of the youngest team leaders in the market but the youngest to win the Platinum Award given to agents who have achieved more than $ 100,000 in commission.

Even more impressive is the fact that he started in this industry just three years ago. His motivation then was to find a quick way to clear his university student loan (yes, he is still studying, but more on that later).

Through interviews he has given, we learned a few other things about this young and enterprising real estate agent.

1. The Porsche you see in the videos is his

No, the Porsche Boxster S that you see in his videos is not a rented prop and was bought two years ago along with his first property.

2. He owns a 2 bedroom apartment

At 22, he bought his first property on Twin View on the West Coast Vale. A 2-bedroom unit at the time of development is currently listed at around $ 900,000 to $ 1.25 million.

3. His father is also in the real estate industry

According to EdgeProp, Ng was inspired to enter real estate because of his father’s experience in the industry. He also listened to his parents talk about the business during his growing years.

But one thing Ng is anxious to do is divert from the “traditional” way his dad does his job, “so every thing he does, I try to be different.”

Ironically, they initially hesitated that he raided the store. Ng said his mother is still worried about the grades he gets in school despite earning “quite a bit of money” from corporate real estate.

4. He follows the law among his double degrees

Ng is currently a student at Singapore Management University and is pursuing a degree in business administration and law. But instead of focusing on his grades, his goal is to gain knowledge that can be applied to his real estate business, such as real estate law and real estate financing.

5. He earned $ 170,000 in commission during his first month of work

Despite his formidable performance, Ng said he felt “pointless” and decided to channel his income to more long-term goals he could be passionate about, and to avoid a “mid-life crisis”. Most of his income is now plowed back into his business.

6. What matters most is not the money

If he does not mind losing all his wealth, he is even willing to let go of his Porsche if it is a step he must take to advance his goals. He says that what matters to him is “a nice home, a good family and great values”.

7. His team has a “millennial crib”

According to Ng, his office at Gambas Crescent is an 1,800 sqm space that is “accessible around the clock” by all team members for work, training or just to relax. And they even made a video about it.

“We wanted a space where everyone could call home,” Ng says in the video. “You have to have fun then you can make money, you do not have fun making money for what.”

candicecai@asiaone.com


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