# Aedge acquires corner terraced property on Westerhout Road for $7.5 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-12T13:11:46.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/aedge-acquires-corner-terraced-property-westerhout-road-75-mil
- **Topics:** Government & Policy, Transactions & Deals, Investment & Capital Markets

## Featured rationale

The purchase signals developer confidence in scarce District 14 freehold commercial assets and could encourage redevelopment or asset enhancement near Paya Lebar and Geylang.

## AI summary

Aedge Group acquired the 3,201 sq ft freehold corner terraced property at 2 Westerhout Road for $7.5 million, its first commercial asset.

## Original article

Aedge Group, through its wholly-owned subsidiary IPF Investments, has acquired a freehold corner terraced property located at 2 Westerhout Road in the Geylang-Eunos precinct. It was purchased for $7.5 million, the Singapore-listed group said in an Oct 12 bourse filing.

The acquisition is part of its growth strategy to diversify revenue and enhance shareholder value through its investment properties division, the group added. Aedge also provides engineering, transportation, security and manpower services.

The Westerhout Road property occupies 297.4 sq m (3,201 sq ft) of land in District 14 that is zoned for “Commercial / Institution” use, according to URA Space, the land authority’s web-based map service.

Read also: Middle Road commercial building for sale at $80 mil

“Freehold commercial properties of this kind are rare, and we believe the purchase price represents an attractive entry point relative to recent comparable freehold transactions in District 14,” said Poh Soon Keng, Aedge’s executive chairman and CEO.

Poh added that the site offers longer-term redevelopment and asset-enhancement potential, given its proximity to the Paya Lebar commercial hub and the ongoing transformation of the Geylang corridor.

The deal represents Aedge’s fourth property acquisition, and its first commercial asset.

In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11 for $9 million. Now known as Amethyst House, the property comprises a detached factory, workshops and a 299-bed secondary workers’ dormitory (SWD), according to the company’s website.

In 2024, Aedge purchased 4 Tuas South Street (now Beryl House) for $8.5 million. The site comprises a four-storey detached warehouse with ramp-up access and a 408-bed SWD.

Earlier this year, the group completed the acquisition of 219 Kallang Bahru (Carnelian House), an eight-storey industrial building, for $13.99 million.

## Chinese translation

> Translation model: grok_cli

### Aedge以新币750万元收购Westerhout Road转角排屋

该永久地契物业位于芽笼-友诺士地段，占地约3201平方英尺。

Aedge集团通过其全资子公司IPF Investments，收购了位于芽笼-友诺士地段2 Westerhout Road的一处永久地契转角排屋。这家新加坡上市公司在10月12日的交易所公告中表示，购入价为新币750万元。

该集团补充称，此次收购是其增长策略的一部分，旨在通过投资物业部门实现收入多元化并提升股东价值。Aedge同时提供工程、运输、安保及人力服务。

根据市区重建局网上地图服务URA Space，这处Westerhout Road物业占地297.4平方米（3201平方英尺），位于第14区，规划用途为“商业 / 机构”。

延伸阅读：Middle Road商业大厦以新币8000万元挂售

Aedge执行主席兼首席执行官Poh Soon Keng表示：“此类永久地契商业物业十分稀缺，我们认为相较于第14区近期可比的永久地契交易，此次购入价是一个具吸引力的入场点。”

Poh补充说，鉴于该地段邻近巴耶利峇商业枢纽，以及芽笼走廊正在进行的转型，该地块具备较长期的重建与资产提升潜力。

这笔交易是Aedge的第四宗物业收购，也是其首个商业资产。

2023年10月，Aedge完成收购9 Tuas South Street 11，成交价为新币900万元。该物业现称Amethyst House，据公司网站介绍，包括一栋独立工厂、工场以及一处299个床位的次级客工宿舍（SWD）。

2024年，Aedge以新币850万元购入4 Tuas South Street（现称Beryl House）。该地块包括一栋设有坡道式通道的四层独立仓库，以及一处408个床位的次级客工宿舍（SWD）。

今年早些时候，该集团完成收购219 Kallang Bahru（Carnelian House），这是一栋八层工业楼，成交价为新币1399万元。