The deposit is in addition to the option money which has been paid to Chutex on issuance of the option, which is 1% of the consideration price of about $14 million.
Aedge Group’s 51%-owned subsidiary HPF Holdings has exercised the option to purchase the balance of the lease for a property at 219 Kallang Bahru.
The company has paid a deposit of $559,520 to the vendor which is Chutex Holdings, and will pay the balance consideration of $13.29 million upon completion, which is expected to take place on June 1, 2026.
