Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The 219 Kallang Bahru real estate will be generally for the group’s very own use, with the standing room tenanted out for recurring income.
This is the group’s 3rd industrial building purchase. In October 2023, Aedge carried out the acquisition of 9 Tuas South Street 11, called Amethyst House. Across almost 80,000 sq ft of land, it serves as additional warehouse area sustaining the growth of the engineering business and now likewise houses a 299-bed secondary workers’ dorm.
The acquisition cost remains in line with the private valuation of $14 million.
The leasehold property has a 60 years lease term approved by JTC, starting 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).
Back in September 2025, the subsidiary HPF had actually exercised the option to buy the balance of the contract 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.
HPF Holdings, a 51%- managed branch of Aedge Group, has finished the acquisition of the industrial establishment located at 219 Kallang Bahru for $13.99 million.
In its newest filing, Aedge noted that this purchase deepens its visibility in recurring-income property.
” At an appropriate option in the future”, Aedge will also explore asset improvement initiatives to repurpose the structure to suit the group’s future demands.
This belongs to the team’s extended development plan to diversify and create recurring revenue, according to a June 30 bourse declaring by Aedge. The Singapore-listed company offers engineering, security and safety, manpower, and transport services, and also leases out its investment real properties for rental income.
Poh Soon Keng, exec director and CEO of the team, said: “Industrial estates such as this set assist our core engineering and operational demands, while the additional lettable area offers a steady income stream that complements the project-based profits from our other company sectors.”
This was complied with by the procurement of 4 Tuas South Street 11, named 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 secondary dormitory, according to Aedge’s website.
