Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
Back in September 2025, the subsidiary HPF had actually exercised the alternative to purchase the balance of the contract of the property, paying a deposit of $559,520 to the dealer, Chutex Holdings. The balance factor to consider of $13.29 million was to be paid upon finish of the deal.
HPF Holdings, a 51%- owned subsidiary of Aedge Group, has carried out the acquisition of the commercial establishment found at 219 Kallang Bahru for $13.99 million.
The leasehold property has a 60 years lease term approved by JTC, beginning from February 1984. It extends an acreage of 2,652 sq m (28,547 sq ft) and a built-up area of regarding 6,618 sq m (71,236 sq ft).
Poh Soon Keng, executive director and CEO of the group, stated: “Industrial properties such as this one support our core engineering and operational requirements, while the more lettable area provides a steady revenue stream that complements the project-based income from our other company sections.”
This is the group’s 3rd commercial property purchase. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, called Amethyst House. Throughout almost 80,000 sq ft of land, it serves as additional warehouse room supporting the development of the engineering business and now likewise houses a 299-bed secondary employees’ dormitory.
In its newest filing, Aedge noted that this procurement strengthens its existence in recurring-income real estate.
The acquisition rate is in line with the private assessment of $14 million.
The 219 Kallang Bahru real estate will be mostly for the group’s own usage, with the lasting room tenanted out for recurring earnings.
” At an appropriate opportunity in the future”, Aedge will certainly likewise explore investment enhancement campaigns to repurpose the building to match the group’s future requirements.
This was adhered to by the acquisition 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 supporting dormitory, according to Aedge’s website.
This is part of the team’s long-term development strategy to branch out and generate recurring income, according to a June 30 bourse declaring by Aedge. The Singapore-listed business supplies engineering, security and safety, manpower, and transportation services, and also contracts out its investment real properties for rental revenue.
