Asia Pacific Data Construction Cost Guide 2025

SINGAPORE

BUSAN & SEOUL

Cost

Cost

Cluster Land / Site Purchase Cost

Development Example Cost Breakdown (% Dev. Cost Scenario A)

Development Example Cost Breakdown (% Dev. Cost Scenario A)

Cluster Land / Site Purchase Cost

Unit

Unit

Low

Mid

High

Low

Mid

High

Dong-gu

$ / SQM

Bedok - Tampines

$ / SQM

$1,007

$1,329

$1,343

853

2,607

9,071

Gurang Dong

$ / SQM

465

1,003

1,285

6%

4% 7%

Loyang

$ / SQM

$823

$1,085

$1,097

15%

11%

Rest of Busan

$ / SQM

8%

521

1,892

10,194

41%

1% 1% 10%

Paya Lebar

$ / SQM

$2,170 $2,864

$2,894

12%

Seongnam

$ / SQM

1,136

4,135

11,595

16%

South Gyeonggi

$ / SQM

Sunview - Jurong

$ / SQM

$1,157

$1,526

$1,542

8%

453

4,936

11,768

1%

Incheon / West Gyeonggi

$ / SQM

Blended Land Purchase Cost

$ / SQM

$1,289

$1,701

$1,719

24%

1,826

5,256

10,381

11%

8%

7%

6%

Gangnam

$ / SQM

28,448

59,266

148,641

Cost

SouthWest Seoul

$ / SQM

Construction Cost

Unit

3,594

8,750

12,565

Low

Mid

High

Blended Land Purchase Cost

$ / SQM

$4,662

$10,981

$26,937

Cost Per Watt

$ Per Watt

$9.27

$11.74

$14.21

1% 1% 1%

Cost Per MegaWatt

$ Per MegaWatt

$9,268,628 $11,740,262 $14,211,896

Cost

Construction Cost

Unit

Low

Mid

High

2022 Rate 3.80%

2023 Rate 1.10%

2024 Rate

2025 Rate

Professional Fees / Soft Costs Base Building Interior Fit-Out / Finishes Electrical Systems Mechanical Systems Cooling Systems Fire Suspression & Life Safety Systems Security Systems Furniture & Fixtures

Professional Fees / Soft Costs Base Building Interior Fit-Out / Finishes Electrical Systems Mechanical Systems Cooling Systems Fire Suspression & Life Safety Systems Security Systems Furniture & Fixtures

Economic Indicators

Cost Per Watt

$ Per Watt

$7.50

$9.50

$11.51

GDP Growth Inflation Rate

3.70% 2.80%

Cost Per MegaWatt

$ Per MegaWatt

$7,503,756 $9,504,758 $11,505,759

6.60% 4.00% 1.80%

1.90%

Central Bank Rate

2.95% 3.70% 3.10% 2.40%

Economic Indicators

2022 Rate

2023 Rate 2024 Rate

2025 Rate

GDP Growth Inflation Rate

2.70% 5.30% 3.25%

1.40% 3.40% 3.50%

2.20% 1.60% 3.00%

1.80% 2.10% 2.25%

Construction Cost Year Over Year % Change

4.50%

1 USD = 1.3197 SGD

Applied Local FX Rate

Central Bank Rate

Construction Cost Year Over Year % Change 3.00% Applied Local FX Rate

1 USD = 1295.995 KRW

IT Rack, Equip. & Cabling (Excl. Active IT Equip.) Land (Excl. Land Infrastructure Leveling Costs)

IT Rack, Equip. & Cabling (Excl. Active IT Equip.) Land (Excl. Land Infrastructure Leveling Costs)

Notes: • •

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CUSHMAN & WAKEFIELD | ASIA PACIFIC - DATA CENTRE CONSTRUCTION COST GUIDE 2025