Asia Pacific Data Construction Cost Guide 2025

BANGKOK

HANOI & HO CHI MINH CITY

Cost

Cost

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

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

Cluster Land / Site Purchase Cost

Unit

Cluster Land / Site Purchase Cost

Unit

Low

Mid

High

Low

Mid

High

Bangkok

$ / SQM

$2,242

$3,737

$5,232

Hoa Lac Hi-Tech Park

$ / SQM

$87

$109

$131

2% 1%

East Bangkok / Samut Prakan

$ / SQM

$747

$1,868

$2,990

HCMC CBD - Tan Thuan EPZ

$ / SQM

$213

$344

$515

5%

5% 9%

7%

11%

12%

28%

1%

10%

Nonthaburi

$ / SQM

$747

$1,495

$2,616

Rest of HCMC

$ / SQM

$240

$281

$336

9%

13%

EEC

$ / SQM

$84

$229

$252

Saigon Hi-tech Park

$ / SQM

$76

$102

$125

8%

20%

13%

Blended Land Purchase Cost

$ / SQM

$955

$1,832

$2,772

Blended Land Purchase Cost

$ / SQM

$154

$209

$277

7%

26%

10%

Cost

Cost

Construction Cost

Unit

Construction Cost

Unit

1%

Low

Mid

High

Low

Mid

High

1%

Cost Per Watt

$ Per Watt

$6.05

$7.67

$9.28

Cost Per Watt

$ Per Watt

$5.48

$6.94

$8.40

1%

Cost Per MegaWatt

$ Per MegaWatt

$6,054,469 $7,668,994 $9,283,519

Cost Per MegaWatt

$ Per MegaWatt

$5,475,473 $6,935,600 $8,395,726

Economic Indicators

2022 Rate

2023 Rate 2024 Rate

2025 Rate

Economic Indicators

2022 Rate

2023 Rate 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

GDP Growth Inflation Rate

2.50% 5.90% 1.25%

1.90%

2.70% 1.30% 2.25%

2.70% 1.80% 2.25%

GDP Growth Inflation Rate

8.20% 4.40% 5.75%

5.00% 3.60% 4.50%

6.70% 3.30% 4.50%

6.30% 3.40% 5.00%

-0.50% 2.50%

Central Bank Rate

Central Bank Rate

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

Construction Cost Year Over Year % Change 3.50% Applied Local FX Rate

1 USD = 34.42 THB

1 USD = 24265VND

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: •

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

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