Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The 219 Kallang Bahru property will be generally for the team’s very own use, with the lasting area tenanted out for recurring income.
” At a suitable opportunity in the future”, Aedge will certainly also look into property enhancement initiatives to repurpose the establishment to match the team’s future requirements.
Poh Soon Keng, executive chairman and chief executive officer of the group, stated: “Industrial estates such as this support our core engineering and operational needs, while the additional lettable space gives a steady income stream that goes with the project-based income from our various other organization segments.”
Back in September 2025, the subsidiary HPF had exercised the choice to acquire the balance of the lease of the property, paying a deposit of $559,520 to the company, Chutex Holdings. The balance factor to consider of $13.29 million was to be paid upon finalization of the transaction.
The leasehold residential or commercial property has a 60 years lease term approved by JTC, beginning from February 1984. It extends a land area of 2,652 sq m (28,547 sq ft) and a built-up area of about 6,618 sq m (71,236 sq ft).
In its most current filing, Aedge considered that this acquisition deepens its presence in recurring-income realty.
This belongs to the team’s extended growth strategy to diversify and generate recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed business supplies engineering, safety and security, workforce, and transportation services, and also leases out its investment real properties for leasing revenue.
HPF Holdings, a 51%- managed branch of Aedge Group, has finished the acquisition of the commercial building found at 219 Kallang Bahru for $13.99 million.
This was adhered to by the procurement of 4 Tuas South Street 11, named Beryl House, in November 2024. Sitting 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.
This is the group’s third industrial property procurement. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, named Amethyst House. Throughout virtually 80,000 sq ft of land, it works as extra warehouse space supporting the development of the engineering business and now likewise houses a 299-bed secondary employees’ dorm room.
The purchase cost remains in line with the private valuation of $14 million.
