Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The leasehold residential or commercial property has a 60 years lease term granted 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 about 6,618 sq m (71,236 sq ft).
This belongs to the group’s long-term growth strategy to expand and create recurring earnings, according to a June 30 bourse filing by Aedge. The Singapore-listed company gives engineering, security and safety, workforce, and transport services, and also rents out its investment properties for leasing income.
In its latest submission, Aedge noted that this procurement strengthens its presence in recurring-income real estate.
The 219 Kallang Bahru real estate are going to be generally for the team’s own use, with the remaining space tenanted out for recurring earnings.
The acquisition price is in line with the private valuation of $14 million.
” At a proper option in the future”, Aedge will certainly additionally explore asset improvement initiatives to repurpose the building to suit the group’s future demands.
Back in September 2025, the subsidiary HPF had exercised the choice to buy the balance of the lease of the property, settling a deposit of $559,520 to the dealer, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon completion of the transaction.
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.
HPF Holdings, a 51%- owned subsidiary of Aedge Group, has actually carried out the acquisition of the commercial property found at 219 Kallang Bahru for $13.99 million.
This is the group’s third industrial building acquisition. In October 2023, Aedge finished the acquisition of 9 Tuas South Street 11, named Amethyst House. Throughout virtually 80,000 sq ft of land, it serves as added warehouse space supporting the growth of the engineering business and now likewise houses a 299-bed secondary workers’ dormitory.
Poh Soon Keng, exec director and CEO of the group, claimed: “Industrial properties such as this one assist our core engineering and operational requirements, whilst the added lettable room offers a steady income stream that goes with the project-based revenue from our other service sections.”
