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Epson Puts Building Up for Sale at S$55 Million as it Winds Down Singapore Plant.
Epson is looking to sell its Tuas property for S$55 million as it phases out operations at its Singapore plant over the next three years, CBRE, the exclusive marketing agent, announced on January 9.The two-story industrial building, located at 1 Tuas Link 4, sits on a 307,420 square foot plot of land. It offers a total gross floor area of 302,458 square feet, with the potential for a built-up area of approximately 768,550 square feet. The property also has an additional 466,092 square feet of untapped plot ratio, CBRE said.
With 31 years remaining on its lease, the property holds strong market value and significant redevelopment potential, according to CBRE. The site is strategically located to meet the growing demand from sectors such as data centers, in line with the Infocomm Media Development Authority’s initiative to allocate space to green data center operators. It is also well-suited for precision engineering and other high-growth industries seeking a presence in Singapore’s western region.
Earlier this year, Epson announced plans to wind down its operations in Singapore and relocate part of its activities overseas by 2027, affecting about 350 employees.
Under the Urban Redevelopment Authority’s Master Plan, the site is zoned as Business 2, designated for heavy manufacturing and production activities, and has a plot ratio of 2.5.
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