Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The purchase rate remains in line with the private valuation of $14 million.
The leasehold residential or commercial property has a 60 years lease term approved by JTC, starting from February 1984. It covers an acreage of 2,652 sq m (28,547 sq ft) and a built-up area of about 6,618 sq m (71,236 sq ft).
This was adhered to by the purchase of 4 Tuas South Street 11, named Beryl House, in November 2024. Settling on a 107,643 sq ft site, this includes a four-storey single-user detached warehouse and a 408-bed secondary dormitory, according to Aedge’s website.
Back in September 2025, the subsidiary HPF had actually exercised the option to acquire the balance of the contract of the property, settling a deposit of $559,520 to the company, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon finalization of the transaction.
Poh Soon Keng, exec director and CEO of the team, stated: “Industrial properties such as this assist our core engineering and working needs, while the additional lettable room supplies a steady revenue stream that goes well with the project-based profits from our other service sections.”
HPF Holdings, a 51%- acquired branch of Aedge Group, has carried out the procurement of the commercial property found at 219 Kallang Bahru for $13.99 million.
In its most current declaration, Aedge considered that this acquisition strengthens its existence in recurring-income property.
This is part of the group’s continued expansion strategy to diversify and create recurring income, according to a June 30 bourse filing by Aedge. The Singapore-listed firm gives engineering, safety and security, workers, and transportation services, and also leases out its investment properties for rental revenue.
The 219 Kallang Bahru property will be primarily for the group’s very own use, with the lasting area tenanted out for recurring earnings.
” At an ideal opportunity in the future”, Aedge will certainly additionally look into investment improvement initiatives to repurpose the establishment to fit the group’s future demands.
This is the group’s third industrial building acquisition. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, named Amethyst House. Throughout nearly 80,000 sq ft of land, it serves as added warehouse room supporting the growth of the engineering business and now also houses a 299-bed secondary workers’ dorm.
