This real estate agent bought a condo and Porsche at 22, made the first million at 24, Money News



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The name Jervis Ng may not be familiar to you, but it may be a familiar face to some, especially if you regularly browse YouTube videos.

The real estate agent features more than a few videos marketing different mid-to-high-end properties in Singapore, like this $ 63 million Good Class Bungalow home. He also gives property advice to buyers and talks with agents on his social media channels, like this one on how to be a millionaire at 24.

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

Ng is listed as the founder of JNA Real Estate, an independent team from Propnex Realty, Singapore’s largest real estate agency. He currently leads a team of more than 30 agents, mostly young millennials.

The firm negotiates investment deals on all types of properties – residential, commercial and industrial properties – and Ng’s LinkedIn profile proudly states that it has “transacted $ 150 million worth of CBD investments.”

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

Even more impressive is the fact that he started in this business just three years ago. His motivation then was to find a quick way to pay off his college loans (yes, he’s still studying, but more on that later).

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

1. The Porsche you see in the videos is his.

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

2. You own a 2 bedroom condo

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

3. His father is also in the real estate business.

According to EdgeProp, Ng was inspired to pursue real estate thanks to his father’s experience in the industry. He also heard his parents talk about the business during his growing years.

But one thing Ng is willing to do is deviate from the “traditional” way his father does his job, “so every single thing he does, I try to be different.”

Ironically, at first they doubted that he would make his foray into the business. Ng said his mother is still worried about the grades he’s getting in school despite making “quite a bit of money” from corporate real estate.

4. You are studying law between your double degrees.

Ng is currently a student at Singapore University of Management, where he graduated in Business Administration and Law. But instead of focusing on your qualifications, your goal is to gain knowledge that can be applied to your real estate business, such as real estate law and real estate finance.

5. You made $ 170,000 in commission during your first month of employment.

Despite her formidable achievement, Ng said she felt “purposeless” and decided to channel her earnings toward longer-term goals she is passionate about and avoid a “midlife crisis.” Most of your profits are now reinvested in your business.

6. What matters most is not money

Claiming that you don’t mind losing all your wealth, you’re even willing to let go of your Porsche if that’s a step you have to take to achieve your goals. He says that what matters to him is “a nice house, a good family and great values.”

7. Your team has a “millennial crib”

According to Ng, his office at Gambas Crescent is a 1,800-square-foot space that all team members can “access 24/7” to work, train or just relax. And they even made a video about it.

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

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