Aedge Group unit to acquire balance of Kallang Bahru property lease
Aedge Group's subsidiary, HPF Holdings, has opted to acquire the remaining lease of a property at Kallang Bahru for $13.29 million, following a deposit of $559,520. The property spans 2,652.1 square meters of land and 6,617.9 square meters of built-up area, with a 60-year lease granted by Jurong Town Corporation. The completion of the transaction is scheduled for June 1, 2026.
The site has a land area of 2,652.1 square metres and a built-up area of 6,617.9 sq. m.
Aedge Group’s 51%-owned subsidiary HPF Holdings has exercised the option to purchase the balance of the lease for a property at Kallang Bahru with a deposit of $559,520.
The property is a leasehold granted by Jurong Town Corporation with a 60-year lease term and has a land area of 2,652.1 square metres and a built-up area of 6,617.9 sq. m.
The company will pay the balance consideration of $13.29m upon completion, which will take place on 1 June 2026.
