Taiwan's AUO Lowers Asking Price for Industrial Facility in Tampines to $380m

Taiwanese display maker AUO has lowered the asking price for its industrial facility in the Tampines industrial estate to $380 million.

- 

The six-storey facility on a massive site of 997,330 sq ft was first marketed in 2024 at $400 million after AUO shut down production in Singapore in December 2023. The property has a remaining land tenure of 34 years.

Marketing agent Cushman & Wakefield said on April 9 that the site would be suitable for companies in the semiconductor, wafer fabrication and electronics sectors.

Ms Brenda Ong, Cushman & Wakefield's executive director for logistics and industrial markets, said the asset offers appealing plug-and-play solutions for occupiers looking to lower upfront costs and shorten the downtime resulting from the construction and regulatory approval process.