Besides being a fancy accessory on the wrist, a watch may also be a status symbol and an investment. For brothers Jarod and Joses Ng, watches are a hobby they’ve turned into a growing business.
They found an interest in watches under the influence of their father and around 2018, they began dealing with other watch enthusiasts over online platforms such as Carousell, making the transactions at their condominium’s lobby.
“Initially, we were just testing the market,” says Joses. “Our profits in the very beginning were not large — maybe $5,000–$10,000 per month, since the market at the time was not extremely promising.”