EPSON is aiming to sell its Tuas facility for about S$55 million, as the Japanese electronics firm winds down operations in its Singapore plant over the next three years, said exclusive marketing agent CBRE on Thursday (Jan 9).
The two-storey industrial building at 1 Tuas Link 4 stands on a 307,420 square foot (sq ft) plot of land.
It has a total gross floor area of 302,458 sq ft, a potential built-up area of about 768,550 sq ft, and an additional 466,092 sq ft of untapped plot ratio, the real estate player said.
With 31 years left on its lease, the property presents “strong” market value and has “significant redevelopment potential”, said CBRE.
“Strategically positioned, the site caters to growing demand from sectors such as data centres, in line with the Infocomm Media Development Authority’s plan to allocate capacity to green data centre operators,” it said. “Additionally, it is well-suited for precision engineering and other high-growth sectors looking to establish a presence in Singapore’s western region.”
Epson had earlier this year announced plans to wind down operations at its plant and to relocate part of its operations abroad by 2027. Some 350 employees are expected to be affected by the move.
Under the Urban Redevelopment Authority’s Master Plan, the site is zoned as Business 2 – the land-use category for heavy manufacturing and production activities. It has a plot ratio of 2.5.
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CBRE added that it offers “ample facilities for various industrial needs”, including seven loading docks, 66 surface car lots and a canteen.
The site is served by major expressways such as the Ayer Rajah and Pan Island expressways, and is a 10-minute walk from Tuas West Road MRT station on the East-West Line.
The sale will be conducted via private treaty and is set to be completed by March 2027, with vacant possession.
Graeme Bolin, head of occupier and leasing, industrial and logistics services at CBRE, added: “The industrial property market continues to show resilience and strong demand, driven by robust manufacturing output and export growth.”
