ASIA PACIFIC DATA CENTRE CAP DECK

MARKET INSIGHTS

SINGAPORE Since the lifting of the moratorium and despite the high property and construction costs when compared to other Asia Pacific markets, Singapore continues to be a leading data centre hub for it’s regional and global connectivity. We anticipate in 2024 that Singapore will join Mainland China, India, Japan and Australia as the 5th market to grow beyond 1GW in operational capacity in Asia Pacific. The sovereign state continues to boast the lowest colocation vacancy rate of 1% within the region, strongly indicating that demand outstrips supply. Demand continues to be fueled by Western and Chinese hyperscalers in the market, as well as key sectors such as banking and finance.

Q2 2024 KEY INDICATORS

25 OPERATORS, 51 DATA CENTRES

985MW IN OPERATION

54MW UNDER CONSTRUCTION

295MW PLANNED

Singapore boasts the lowest colocation vacancy rate of 1% within the region, strongly indicating that demand outstrips supply.

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

CUSHMAN & WAKEFIELD | ASIA PACIFIC DATA CENTRE MARKET OVERVIEW