{"id":26982,"date":"2022-02-09T12:00:11","date_gmt":"2022-02-09T05:00:11","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=26982"},"modified":"2024-09-18T14:38:24","modified_gmt":"2024-09-18T07:38:24","slug":"this-years-apac-data-centre-market-at-a-glance","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/this-years-apac-data-centre-market-at-a-glance\/","title":{"rendered":"This year\u2019s Asia Pacific data centre market at a glance"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">More companies are beginning to invest in data centre infrastructure management\u00a0<\/span><\/p>\n<figure id=\"attachment_26985\" aria-describedby=\"caption-attachment-26985\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-26985\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/02\/shutterstock_1498476245.jpg\" alt=\"\" width=\"1000\" height=\"503\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/02\/shutterstock_1498476245.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/02\/shutterstock_1498476245-400x201.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/02\/shutterstock_1498476245-600x302.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/02\/shutterstock_1498476245-768x386.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-26985\" class=\"wp-caption-text\">The technology boom, big data, and high data storage demand are key drivers in companies investing in data centres. Tavarius\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">There has been significant growth in the data centre market over the last few years. These are emerging as attractive real estate investments and it has been flourishing in four key countries in the Asia Pacific. These are Australia, Hong Kong SAR, Japan, and Singapore.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Singapore is at the top of Cushman &amp; Wakefield\u2019s APAC Data Centre Marketing Ranking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to research conducted by <\/span><span style=\"font-weight: 400;\">CBRE<\/span><span style=\"font-weight: 400;\">\u2019s team, several factors play huge roles in becoming a data centre hub. These include construction costs, government policies, network infrastructure, as well as Internet and e-commerce penetration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More companies are beginning to invest in data centre infrastructure management because of the technology boom, big data, and high data storage demand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Globally, the country is tied for second place with Silicon Valley.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSingapore is one of the tightest data centre markets globally with vacancy rates below 2 percent. Crippled supply due to the ongoing moratorium coupled with strong demand has driven up data centre prices since 2020. Current pricing is around SGD200\u2013SGD400 kilowatt-per-hour\/month for the few small availabilities,\u201d said Brenda Ong, executive director for logistics and industrial at <\/span><a href=\"https:\/\/www.cushmanwakefield.com\/en\/singapore\/news\/2022\/01\/singapore-tops-2022-asia-pacific-data-centre-market-ranking-places-second-globally\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Cushman &amp; Wakefield<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/china-hatches-scheme-to-build-4-low-carbon-mega-data-centre-clusters\/\" target=\"_blank\" rel=\"noopener\"><strong>More: China hatches scheme to build 4 low-carbon mega data centre clusters<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Hong Kong rejoins the global list of data centre markets, placing sixth in Cushman &amp; Wakefield\u2019s 2022 Data Centre Global Market Comparison report. It also ranks second in the Asia Pacific.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe horizon for the data centre industry across the Asia Pacific region is exceptionally bright, thanks to deep hyperscale demand and the billions of dollars in development in progress to support these key tenants,\u201d said Kevin Imboden, Cushman &amp; Wakefield\u2019s senior research manager for data centre insights. \u201cThe 1.3 gigawatts under construction in the APAC markets reviewed is a small fraction of what is in planning regionally, with much action and growth coming over the next decade.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other countries that are gaining momentum include mainland China, India, and Indonesia. As for emerging markets, Thailand and Vietnam are viewed as high potential markets because of increasing local needs.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More companies are beginning to invest in data centre infrastructure management\u00a0<\/p>\n","protected":false},"author":12,"featured_media":26985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[214,496,171,110],"class_list":["post-26982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-apac","tag-data-centres","tag-hong-kong","tag-singapore","news_country-asia-pacific","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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