Semiconductor industry propels Vietnam’s industrial property boom, plus other reports

For PropertyGuru’s real estate news roundup, the semiconductor industry has a pivotal role in the growth of Vietnam’s industrial real estate. In other news, US-based STACK Infrastructure has announced plans to build a new 220MW data centre campus in Malaysia. Lastly, a garage measuring just 8.1 by 6.4 metres is set to sell for the astounding price of AUD1 million.

Semiconductor industry propels Vietnam’s industrial realty market boom: Savills

With enhanced investment and government support, the semiconductor industry has a pivotal role to play in the growth of Vietnam’s industrial real estate, according to a Savills Vietnam expert. VietnamPlus reports that the country’s high-tech manufacturing expansion is creating a knock-on effect on the industrial property sector, with a prime example being the recent investment from US tech giant NVIDIA in an R&D centre in Vietnam. Minister of Planning and Investment Nguyen Chi Dung described this as a “historic milestone,” positioning Vietnam to become Asia’s premier AI research and development hub. Thomas Rooney, Associate Director of Industrial Services at Savills Hanoi, emphasises Vietnam’s strategic advantage as a destination for major tech corporations, citing its favourable position in global supply chains.

STACK Infrastructure announces new data centre campus for Malaysia

US-based STACK Infrastructure has announced plans to build a new 220MW data centre campus in Malaysia. This will be located in Johor Bahru’s Iskandar Puteri, near to the Singapore border. It comprises two buildings: a 120MW two-story data centre and a 100MW facility. This aim is to address the demand for hyperscale digital infrastructure and support cloud, AI, and ML workloads. STACK APAC’s CEO, Preet Gona, said in iTnews Asia, “As part of our continued expansion across APAC, our Johor Bahru campus strengthens our ability to meet clients’ strategic needs in both established and emerging Tier 1 markets while fostering economic growth within the local community.”

Why this garage in Australia could sell for AUD1 million

A garage measuring just 8.1 by 6.4 metres is set to sell for the astounding price of AUD1 million, but there’s more to this humble brick building than meets the eye. realcommercial.com.au reports that the property, located at 115A Ungala Road, Blacksmiths, is going under the hammer next month, and there’s a good reason for its seven-figure price tag. The garage is just footsteps from Blacksmiths Beach, a popular coastal spot in the Lake Macquarie region, about halfway between the Central Coast and Newcastle. Its prime position just metres from the ocean means the 429 sqm property, which is vacant apart from the approximately 52 sqm garage, is what makes it Blacksmiths’ “best build opportunity” according to the listing.

The Property Report editors wrote this article. For more information, email: [email protected].