Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
This is the group’s 3rd commercial building purchase. In October 2023, Aedge carried out the acquisition of 9 Tuas South Street 11, named Amethyst House. Across almost 80,000 sq ft of land, it works as additional warehouse space sustaining the growth of the engineering business and now additionally houses a 299-bed secondary employees’ dorm room.
Back in September 2025, the subsidiary HPF had actually exercised the alternative to buy the balance of the contract of the property, settling 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 transaction.
The Sen Sustained Land Pte Ltd
This belongs to the team’s continued development strategy to branch out and create recurring revenue, according to a June 30 bourse filing by Aedge. The Singapore-listed firm gives engineering, safety and security, manpower, and transportation assistances, and also leases out its investment real properties for leasing revenue.
The leasehold property has a 60 years lease term approved by JTC, commencing from February 1984. It covers 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 adhered to by the procurement of 4 Tuas South Street 11, called 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 secondary dormitory, according to Aedge’s website.
In its most current filing, Aedge considered that this purchase grows its presence in recurring-income property.
The acquisition cost is in line with the independent assessment of $14 million.
Poh Soon Keng, exec director and chief executive officer of the group, said: “Industrial properties such as this assist our core engineering and working needs, whilst the added lettable room offers a steady revenue stream that matches the project-based income from our other business sections.”
The 219 Kallang Bahru real estate will be generally for the group’s own use, with the standing area tenanted out for recurring revenue.
” At a suitable opportunity in the future”, Aedge will certainly also explore property enhancement initiatives to repurpose the building to fit the group’s future requirements.
HPF Holdings, a 51%- owned subsidiary of Aedge Group, has actually finished the procurement of the industrial establishment located at 219 Kallang Bahru for $13.99 million.
