Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The leasehold property has a 60 years lease term given by JTC, starting from February 1984. It covers 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).
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 consists of a four-storey single-user detached warehouse and a 408-bed supporting dormitory, according to Aedge’s website.
In its newest submission, Aedge considered that this procurement deepens its presence in recurring-income property.
The purchase price remains in line with the private valuation of $14 million.
The 219 Kallang Bahru real estate are going to be primarily for the team’s very own use, with the lasting room tenanted out for recurring earnings.
Poh Soon Keng, executive chairman and CEO of the team, claimed: “Industrial estates such as this one assist our core engineering and operational demands, while the more lettable room provides a steady income stream that goes with the project-based profits from our various other business sections.”
This is part of the group’s long-term growth program to expand and produce recurring revenue, according to a June 30 bourse filing by Aedge. The Singapore-listed company supplies engineering, security, workers, and transport assistances, and also contracts out its investment real properties for rental earnings.
Back in September 2025, the subsidiary HPF had exercised the choice 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 purchase.
” At a proper opportunity in the future”, Aedge will additionally look into property enhancement campaigns to repurpose the facility to match the team’s future needs.
This is the group’s third commercial property purchase. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, called Amethyst House. Throughout almost 80,000 sq ft of land, it works as extra warehouse space sustaining the growth of the engineering business and now likewise houses a 299-bed secondary employees’ dormitory.
HPF Holdings, a 51%- acquired subsidiary of Aedge Group, has finished the acquisition of the industrial establishment situated at 219 Kallang Bahru for $13.99 million.
