Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
This belongs to the group’s continued growth plan to diversify and produce recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed business provides engineering, safety and security, workers, and transportation assistances, and also rents out its investment real properties for leasing earnings.
” At an ideal opportunity in the future”, Aedge will likewise explore investment improvement campaigns to repurpose the building to suit the group’s future needs.
The 219 Kallang Bahru real estate will be generally for the team’s very own usage, with the remaining room tenanted out for recurring earnings.
Back in September 2025, the subsidiary HPF had actually exercised the alternative to buy the balance of the lease 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 deal.
The acquisition price is in line with the private appraisal of $14 million.
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 includes a four-storey single-user detached warehouse and a 408-bed supporting dormitory, according to Aedge’s website.
HPF Holdings, a 51%- managed subsidiary of Aedge Group, has completed the procurement of the industrial property situated at 219 Kallang Bahru for $13.99 million.
In its most current declaration, Aedge indicated that this purchase deepens its visibility in recurring-income property.
Poh Soon Keng, exec chairman and chief executive officer of the group, said: “Industrial properties such as this one support our core engineering and operational demands, while the added lettable space offers a steady revenue stream that goes with the project-based income from our various other service segments.”
This is the group’s 3rd industrial property acquisition. In October 2023, Aedge finished the acquisition of 9 Tuas South Street 11, named Amethyst House. Throughout nearly 80,000 sq ft of land, it works as additional warehouse space sustaining the development of the engineering business and now also houses a 299-bed secondary employees’ dormitory.
The leasehold residential or commercial property has a 60 years lease term given by JTC, commencing from February 1984. It spans a land area of 2,652 sq m (28,547 sq ft) and a built-up area of about 6,618 sq m (71,236 sq ft).
