Senja Close EC™

Aedge Group’s 51%-owned subsidiary, HPF Holdings, has exercised its option to acquire the remaining leasehold of a property located at 219 Kallang Bahru. To secure the purchase, the company has already paid a deposit of $559,520 to the vendor, Chutex Holdings, and will complete the transaction by paying the balance consideration of $13.29 million on June 1, 2026.

Senja Residences is a recently developed property situated in the thriving neighborhood of Senja Close, at the junction of Bukit Panjang and Segar Road. This new project follows the success of its predecessor, Blossom Residences, and is strategically located in the heart of Bukit Panjang, a highly desirable mature estate. With its prime location and modern amenities, Senja Residences is a sought-after real estate opportunity in Bukit Panjang. For more information, visit senja close.

This deposit is in addition to the option money that was paid to Chutex upon issuance of the option, which amounts to 1% of the total consideration price of approximately $14 million. The acquisition is expected to be completed on June 1, 2026.

The property, which was granted a 60-year leasehold by Jurong Town Corporation starting from February 20, 1984, has a land area of 2,652.1 square metres and a built-up area of 6,617.9 square metres. Aedge Group closed flat at 28 cents on September 22.

In other news, LHN Group has announced a net profit of $15.3 million for the first half of 2021.