{"id":3152,"date":"2019-05-27T05:55:49","date_gmt":"2019-05-27T05:55:49","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3152"},"modified":"2021-06-04T14:25:55","modified_gmt":"2021-06-04T07:25:55","slug":"asia-pacific-data-centres-multiplying-on-robust-demand","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/asia-pacific-data-centres-multiplying-on-robust-demand\/","title":{"rendered":"Asia-Pacific data centres multiplying on robust demand"},"content":{"rendered":"<p>First-tier markets strained for capacity as demand from international corporates soar<\/p>\n<figure id=\"attachment_3153\" aria-describedby=\"caption-attachment-3153\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3153\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1324660535.jpg\" alt=\"\" width=\"1000\" height=\"644\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1324660535.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1324660535-300x193.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1324660535-768x495.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3153\" class=\"wp-caption-text\">Billion Photos\/Shutterstock<\/figcaption><\/figure>\n<p>The data centre market continues to expand in Asia Pacific due to strong demand from large technology and global cloud corporates in the US and China, according to a new report by CBRE.<\/p>\n<p>Colocation supply in Hong Kong, Singapore, Sydney and Tokyo \u2014 the region\u2019s top-tier markets for data centres \u2014 totalled 1,119 megawatts (MW) in the first quarter of 2019, the consultancy noted.<\/p>\n<p>Including the second-tier markets of Beijing, Shanghai, Seoul, Mumbai, Chennai and Jakarta, colocation supply across Asia-Pacific totalled 1,772MW during the quarter.<\/p>\n<p>Singapore, the largest data centre market in Asia-Pacific, will remain a tenants\u2019 and end-users\u2019 market, thanks to 177.2MW in new supply from 2019 to 2021. Existing supply in the city-state, the \u201cbest-connected tier I market in Asia Pacific\u201d, hit 359.8MW in the first quarter, CBRE noted.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/cambodia-catches-with-asean-neighbours-to-become-a-data-centre-hub\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Cambodia catches with ASEAN neighbours to become a data centre hub<\/strong><\/a><\/p>\n<p>With a total capacity of 299.5MW, Hong Kong data centres boast an occupancy rate of 92 percent, with upcoming supply of 50MW expected to \u201crelieve pressure for diversity in the short to medium term\u201d in the next three years, CBRE stated.<\/p>\n<p>\u201cDemand for colocation space is primarily driven by Chinese cloud companies looking for cross-border expansion. Other key drivers include US tech giants seeking a foothold in Asia, as well as financial institutions.\u201d<\/p>\n<p>Known for plenty of cable landing stations connecting it to the US, Tokyo already has 89 percent of fitted capacity occupied. Around 204.0MW will be added to its existing capacity of 225MW in the next three years.<\/p>\n<p>Sydney, on the other hand, prides itself in its speed to market, which usually takes six to eight months less than other tier I markets, CBRE noted. Overall occupancy is 61 percent with 235.4MW in existing capacity and 97.4MW in the pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First-tier markets strained for capacity as demand from international corporates soar<\/p>\n","protected":false},"author":8,"featured_media":20081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,78],"tags":[149,137,171,146,110,198,150],"class_list":["post-3152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-tech","tag-australia","tag-china","tag-hong-kong","tag-japan","tag-singapore","tag-south-korea","tag-us","news_country-asia-pacific","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia-Pacific data centres 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