Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
Poh Soon Keng, exec director and chief executive officer of the team, claimed: “Industrial estates such as this support our core engineering and working needs, while the additional lettable space supplies a steady revenue stream that matches the project-based profits from our various other organization sectors.”
HPF Holdings, a 51%- acquired subsidiary of Aedge Group, has actually finished the purchase of the commercial property found at 219 Kallang Bahru for $13.99 million.
In its latest submission, Aedge considered that this procurement deepens its presence in recurring-income real estate.
Back in September 2025, the subsidiary HPF had exercised the alternative to buy 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 completion of the transaction.
This belongs to the group’s long-term expansion program to branch out and produce recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed business provides engineering, security and safety, manpower, and transport services, and also leases out its investment properties for rental income.
This is the group’s third commercial building acquisition. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, called Amethyst House. Throughout virtually 80,000 sq ft of land, it works as additional warehouse space supporting the development of the engineering business and now also houses a 299-bed secondary workers’ dorm room.
The leasehold property has a 60 years lease term provided by JTC, commencing from February 1984. It extends 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).
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 includes a four-storey single-user detached warehouse and a 408-bed secondary dormitory, according to Aedge’s website.
The acquisition cost remains in line with the independent assessment of $14 million.
The 219 Kallang Bahru property are going to be generally for the group’s very own use, with the standing area tenanted out for recurring income.
” At a suitable chance in the future”, Aedge will certainly additionally explore property enhancement initiatives to repurpose the building to suit the group’s future demands.
