Best friends turned business partners and property developers in Indonesia

Friends since they met in Office Cadet School (OCS) in 2004 and served in the same Armour unit during their National Service, Darren Chua and Remy Ng went on to become housemates in Sheares Hall, one of the six halls of residence at the National University of Singapore. Both enrolled in NUS Business School, but Chua did double majors in Business and Law and therefore graduated two years after Ng did.
“We have been buddies since our army days, and we have always chatted about what businesses we would like to do together,” recounts Chua. “It always felt right for us as bros to explore working together since we went through so much in the army together.”
Darren Chua (left) and Remy Ng, best friends turned business partners and founders of Genesis Indojaya (Credit: Samuel Isaac Chua/EdgeProp Singapore)
What really cemented their friendship was a “four-day, three-night” mission training without any sleep. “We were paired up for the training exercise in OCS,” says Chua. They have been best friends since. According to Chua, he will be turning 34 in December, while Ng will be celebrating his 34th birthday in May.
Business ideas concocted while in university included setting up a carwash, but that did not take off as they felt they could notcompete with the industrious foreign workers. The pair then set up a bubble tea stall while Chua was still doing his bar exams. But they found themselves manning the stall and scooping tea for customers on weekends. After six months, they sold the business to a friend. They barely broke even on that first business venture.
Ng graduated from NUS Business School in 2009 and went to work in property consultancy Knight Frank Singapore. Chua did his pupillage and worked at Rajah & Tann – one of Singapore's largest law firms – from 2011 to 2013.
Dreams of becoming entrepreneurs included starting a carwash (Credit: Bloomberg)

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