Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The leasehold home 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 regarding 6,618 sq m (71,236 sq ft).
In its latest filing, Aedge noted that this acquisition deepens its visibility in recurring-income property.
” At an ideal option in the future”, Aedge will additionally explore property improvement efforts to repurpose the establishment to suit the team’s future needs.
This is the group’s third industrial building procurement. 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 area supporting the growth of the engineering business and now likewise houses a 299-bed secondary employees’ dormitory.
Back in September 2025, the subsidiary HPF had exercised the choice to purchase the balance of the lease of the property, settling a deposit of $559,520 to the dealer, Chutex Holdings. The balance factor to consider of $13.29 million was to be paid upon finalization of the transaction.
The 219 Kallang Bahru property are going to be primarily for the group’s very own use, with the remaining space tenanted out for recurring earnings.
The acquisition price remains in line with the independent valuation of $14 million.
This becomes part of the group’s continued development program to branch out and generate recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed company offers engineering, safety and security, workforce, and transportation services, and also leases out its investment residences for leasing earnings.
Poh Soon Keng, exec director and chief executive officer of the team, said: “Industrial estates such as this one help our core engineering and working demands, whilst the added lettable area gives a steady income stream that goes with the project-based income from our other organization sections.”
HPF Holdings, a 51%- managed subsidiary of Aedge Group, has finished the purchase of the industrial building located at 219 Kallang Bahru for $13.99 million.
This was adhered to by the purchase of 4 Tuas South Street 11, named Beryl House, in November 2024. Settling on a 107,643 sq ft site, this includes a four-storey single-user detached warehouse and a 408-bed secondary dormitory, according to Aedge’s website.
