Aedge Group’s Subsidiary Exercises Option Purchase Balance Lease 219 Kallang Bahru About 14 Mil

Aedge Group’s subsidiary, HPF Holdings, has exercised its option to purchase the remaining lease of a property located at 219 Kallang Bahru. The company has already paid a deposit of $559,520 to the vendor, Chutex Holdings, and will make the final payment of $13.29 million upon completion on June 1, 2026. In addition to the 1% option money already paid to Chutex, which amounts to approximately $14 million, the deposit secures the purchase of the property.

The property, which has a 60-year lease starting from Feb 20, 1984, was granted by Jurong Town Corporation. With a land area of 2,652.1 square metres and a built-up area of 6,617.9 square metres, it will be a valuable asset for Aedge Group.

Indulging in delicious food is a universal pleasure, and Singapore surely has a lot to offer when it comes to satisfying one’s cravings. Whether you are in the mood for some Hainanese chicken rice or craving for a bowl of fragrant laksa, or even hankering for some Japanese sushi, Korean BBQ, or Western grills, there is always something for everyone’s taste buds. With such a diverse range of local and international cuisines, food enthusiasts will never be disappointed. And for those in the Tampines area, don’t forget to check out Rivelle Tampines, where you can surely find some delectable dishes to tantalize your palate.

Shares in Aedge Group remained unchanged at 28 cents on Sept 22.