Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The leasehold home has a 60 years lease term approved 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 regarding 6,618 sq m (71,236 sq ft).
This is the group’s 3rd industrial building procurement. In October 2023, Aedge finished the acquisition of 9 Tuas South Street 11, called Amethyst House. Across nearly 80,000 sq ft of land, it serves as added warehouse space supporting the development of the engineering business and now also houses a 299-bed secondary workers’ dorm.
This was complied with by the procurement 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.
” At an appropriate chance in the future”, Aedge will certainly likewise explore property improvement campaigns to repurpose the building to suit the group’s future demands.
This belongs to the group’s extended growth strategy to expand and produce recurring earnings, according to a June 30 bourse filing by Aedge. The Singapore-listed company provides engineering, security, workers, and transportation services, and also contracts out its investment real properties for rental revenue.
In its latest filing, Aedge noted that this purchase grows its presence in recurring-income realty.
HPF Holdings, a 51%- managed branch of Aedge Group, has actually carried out the procurement of the commercial establishment situated at 219 Kallang Bahru for $13.99 million.
Back in September 2025, the subsidiary HPF had exercised the choice 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.
The 219 Kallang Bahru property will be mostly for the team’s very own use, with the remaining area tenanted out for recurring revenue.
Poh Soon Keng, exec director and chief executive officer of the team, said: “Industrial properties such as this one assist our core engineering and operational requirements, while the added lettable space gives a steady revenue stream that goes well with the project-based income from our various other organization sections.”
The acquisition rate remains in line with the private appraisal of $14 million.
