Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The acquisition price remains in line with the independent evaluation of $14 million.
” At a proper option in the future”, Aedge will certainly also explore investment improvement efforts to repurpose the building to match the group’s future requirements.
This is part of the group’s long-term growth strategy to branch out and generate recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed firm offers engineering, safety and security, workers, and transport services, and also rents out its investment residences for rental earnings.
HPF Holdings, a 51%- owned subsidiary of Aedge Group, has carried out the acquisition of the industrial establishment located at 219 Kallang Bahru for $13.99 million.
Poh Soon Keng, executive chairman and CEO of the group, stated: “Industrial estates such as this set support our core engineering and working demands, while the additional lettable area supplies a steady income stream that goes well with the project-based income from our various other business sectors.”
Canberra Crescent Residences condo
The leasehold property has a 60 years lease term approved by JTC, commencing from February 1984. It extends 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).
This was followed by the procurement 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 supporting dormitory, according to Aedge’s website.
In its latest submission, Aedge indicated that this procurement deepens its existence in recurring-income realty.
This is the group’s third industrial building purchase. In October 2023, Aedge carried out the acquisition of 9 Tuas South Street 11, named Amethyst House. Across nearly 80,000 sq ft of land, it serves as added warehouse room supporting the growth of the engineering business and now additionally houses a 299-bed secondary workers’ dormitory.
Back in September 2025, the subsidiary HPF had actually exercised the option to purchase the balance of the contract of the property, paying a deposit of $559,520 to the dealer, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon finalization of the deal.
The 219 Kallang Bahru real estate are going to be mainly for the group’s own use, with the lasting room tenanted out for recurring earnings.
