Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
Poh Soon Keng, executive chairman and CEO of the group, claimed: “Industrial estates such as this set assist our core engineering and working requirements, whilst the additional lettable space provides a steady income stream that goes well with the project-based profits from our other service sections.”
” At a suitable option in the future”, Aedge will certainly likewise explore investment improvement efforts to repurpose the facility to match the group’s future demands.
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.
This is the group’s third industrial property procurement. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, named Amethyst House. Across virtually 80,000 sq ft of land, it serves as extra warehouse room supporting the growth of the engineering business and now additionally houses a 299-bed secondary employees’ dorm.
The leasehold residential or commercial property has a 60 years lease term approved by JTC, beginning from February 1984. It covers 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).
Back in September 2025, the subsidiary HPF had actually exercised the choice to purchase the balance of the lease of the property, settling a deposit of $559,520 to the seller, Chutex Holdings. The balance factor to consider of $13.29 million was to be paid upon completion of the transaction.
The acquisition rate is in line with the independent valuation of $14 million.
The 219 Kallang Bahru property are going to be mainly for the group’s own use, with the remaining area tenanted out for recurring income.
HPF Holdings, a 51%- acquired branch of Aedge Group, has carried out the purchase of the industrial building found at 219 Kallang Bahru for $13.99 million.
This belongs to the team’s continued growth program to diversify and produce recurring earnings, according to a June 30 bourse filing by Aedge. The Singapore-listed business offers engineering, security and safety, workers, and transport assistances, and also leases out its investment real properties for rental revenue.
In its most recent declaration, Aedge noted that this procurement grows its visibility in recurring-income property.
