Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The 219 Kallang Bahru real estate will be primarily for the team’s own use, with the standing area tenanted out for recurring revenue.
In its most recent submission, Aedge considered that this procurement strengthens its visibility in recurring-income property.
This is the group’s third commercial property acquisition. In October 2023, Aedge carried out the acquisition of 9 Tuas South Street 11, named Amethyst House. Across almost 80,000 sq ft of land, it serves as additional warehouse area sustaining the growth of the engineering business and now likewise houses a 299-bed secondary workers’ dorm.
This was followed by the purchase of 4 Tuas South Street 11, named Beryl House, in November 2024. Sitting on a 107,643 sq ft site, this consists of a four-storey single-user detached warehouse and a 408-bed supporting dormitory, according to Aedge’s website.
The purchase rate remains in line with the independent appraisal of $14 million.
The leasehold residential or commercial property has a 60 years lease term granted 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 concerning 6,618 sq m (71,236 sq ft).
HPF Holdings, a 51%- acquired subsidiary of Aedge Group, has actually completed the acquisition of the industrial building found at 219 Kallang Bahru for $13.99 million.
” At a suitable opportunity in the future”, Aedge will certainly also look into asset enhancement efforts to repurpose the structure to match the group’s future demands.
Poh Soon Keng, executive chairman and chief executive officer of the group, claimed: “Industrial properties such as this help our core engineering and operational needs, whilst the more lettable room supplies a steady revenue stream that goes with the project-based profits from our other service sections.”
Back in September 2025, the subsidiary HPF had exercised the option to acquire the balance of the contract 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 purchase.
This becomes part of the group’s extended growth program to expand and generate recurring earnings, according to a June 30 bourse filing by Aedge. The Singapore-listed company provides engineering, security and safety, manpower, and transport services, and also contracts out its investment properties for rental income.
