Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
Poh Soon Keng, exec chairman and chief executive officer of the team, stated: “Industrial properties such as this assist our core engineering and operational requirements, while the additional lettable space supplies a steady income stream that goes well with the project-based income from our other service segments.”
This is the group’s 3rd industrial building acquisition. In October 2023, Aedge finished the acquisition of 9 Tuas South Street 11, named Amethyst House. Across 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.
In its newest submission, Aedge considered that this acquisition strengthens its presence in recurring-income property.
This becomes part of the group’s long-term development program to diversify and create recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed company offers engineering, security, manpower, and transport assistances, and also contracts out its investment properties for rental earnings.
HPF Holdings, a 51%- managed subsidiary of Aedge Group, has carried out the procurement of the industrial establishment situated at 219 Kallang Bahru for $13.99 million.
Back in September 2025, the subsidiary HPF had actually exercised the option to buy the balance of the contract of the property, paying a deposit of $559,520 to the seller, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon completion of the deal.
” At a proper chance in the future”, Aedge will certainly likewise explore property improvement efforts to repurpose the building to match the group’s future needs.
This was adhered to by the acquisition of 4 Tuas South Street 11, called 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 acquisition cost 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, beginning from February 1984. It spans a land area of 2,652 sq m (28,547 sq ft) and a built-up area of concerning 6,618 sq m (71,236 sq ft).
The 219 Kallang Bahru property are going to be generally for the group’s very own usage, with the standing space tenanted out for recurring income.
