Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
Poh Soon Keng, exec chairman and chief executive officer of the group, claimed: “Industrial properties such as this one assist our core engineering and operational needs, whilst the more lettable room supplies a steady income stream that goes well with the project-based income from our other company sectors.”
The leasehold property has a 60 years lease term given by JTC, starting from February 1984. It extends a land area of 2,652 sq m (28,547 sq ft) and a built-up area of regarding 6,618 sq m (71,236 sq ft).
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 dealer, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon finalization of the transaction.
In its newest declaration, Aedge noted that this purchase deepens its presence in recurring-income property.
The 219 Kallang Bahru property will be mainly for the group’s own use, with the lasting space tenanted out for recurring earnings.
HPF Holdings, a 51%- acquired subsidiary of Aedge Group, has finished the procurement of the industrial building located at 219 Kallang Bahru for $13.99 million.
” At a proper option in the future”, Aedge will additionally explore asset improvement initiatives to repurpose the establishment to match the team’s future requirements.
This was complied with by the acquisition 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.
This is the group’s third commercial property procurement. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, named Amethyst House. Across nearly 80,000 sq ft of land, it works as extra warehouse space sustaining the growth of the engineering business and now also houses a 299-bed secondary employees’ dormitory.
The purchase rate remains in line with the private appraisal of $14 million.
This becomes part of the team’s long-term expansion program to expand and create recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed company provides engineering, security and safety, manpower, and transportation services, and also rents out its investment properties for rental income.
