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Singapore has emerged as the leading market for data centres in Asia, beating Tokyo, Hong Kong and Sydney, reported Singapore Business Review citing JLL.
This comes as the city-state has an estimated total capacity of 330 MV, while Tokyo and Hong Kong’s capacity stands at 315 MW and 285 MW respectively. The estimated total capacity for Sydney is 197 MW.
Dubbed as the Big 4, these four cities are the preferred locations for data centre investment.
“In all four cities, demand for a variety of data centre and cloud services has continued to rise, spurred by demographics, rising internet and social media use, the consumption of e-commerce, OTT, Internet-of-Things (IoT) devices and applications and big data analytics,” explained JLL.
The Singapore market, for instance, is forecasted to remain stable as it takes a break from the previous years’ aggressive growth while allowing absorption to catch up.
“The country continues to attract interest across the spectrum of operators, end-users and investors,” said JLL.
The latest high-profile example is Facebook’s $1.4 billion investment for its first Asian data centre in Singapore. This adds to the rising number of tech titans such as Google, Yahoo and Alibaba Cloud who found a supportive environment in the city-state with which to develop large-scale storage facilities for their servers.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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