Asia Pacific Data Construction Cost Guide 2025

Data Sources by Page

Methodology

Abbreviations AI

Pricing Data & Exchange Rates US Dollars are used throughout this report for uniform assessment. Unless otherwise stated, exchange from local currencies was performed in November 2024. All pricing and indices should be viewed with consideration for the significant volatility in foreign exchange rates around the time of publication. Land & Site Acquisition Costs Cost data is categorised by purchase capital, professional fees, brokerage fees, transaction and closing costs. Professional and brokerage fees can vary from 1%-5% depending on market and land value. In most markets brokerage fees are paid by the seller. It should be noted that our methodology and source data for calculating land costs has been refined from last year’s edition to deliver more accurate rankings. This year, we have assessed up to nine clusters within each city and further refined the land parcels to those suited for data centres. The overall results have been ranked by cluster rather than by city to prevent these inner-city clusters unduly influencing city-wide land costs. To account for this change in methodology, land costs should be assessed on a point-in-time basis, rather than year-on-year. Development, Base Build & Construction Costs Cost data is categorised by professional fees, permits/planning approvals, shell and core, electrical installations, mechanical installations, fire suppression setup, security systems, interior fit out, finishes and fittings costs. All construction labour, material, preliminaries, margin, expenses and general requirements were assessed. Benchmarking is defined in the Specifications & Key Assumptions section. Construction pricing includes backup generators, customer parking, employee parking, façade, fiber links, fuel tanks, heat exchangers, office building / area, loading bays, municipal / private network power supplies, roof structure, security perimeter, security access gate, shipping / receiving areas, structure, substations, vehicle trap, water tanks / storage, wireless / satellite connection and 24/7 cooling / cooling towers.

Construction costs are a benchmark only and can fluctuate +/- 15% based on developer, operator and customer requirements. Fit Out Costs Ancillary / Circulation Spaces: Entrance + security staging zones, facilities management rooms, goods lifts / hoists, meeting rooms, offices, passenger lists, shipping and storage areas. Network Operations Centre (NOC) Spaces: Intelligent power monitoring systems, remote equipment monitoring Aisle containment, busways / busbars (low voltage), cabinets, enclosures, caging, cable management, cooling systems and power distribution units. Power Rooms / Service Corridors: AC / DC availability, automated transfer switch systems, high density power, power factor correction / rectification systems, UPS systems, surge protection systems, switchgear (low, medium, high) and variable frequency drive systems. Climate Control / Service Corridors: Cooling and airflow management systems. Fire Control / Service Corridors: VESDA detection systems, fire suppression systems, gas suppression systems. Fibre Intake Room / Service Corridors: Fiber carrier hub (multi and neutral). Other: Interior materials, fixtures and fittings. Exclusions Client specific direct and indirect costs, and active and operational IT equipment are excluded from this guide. systems and NOC consoles. Data Halls / Server Rooms:

Artificial Intelligence

Key Themes in the Asia Pacific Data Centre Market Population figures sourced from Worldometer; capacity by Cushman & Wakefield Power Availability & Cost Australia: AusGrid, AGL New Zealand: Tuas Power Chinese mainland: State Grid Shanghai Electric Power Company Hong Kong, China: CLP Taiwan, China: Taiwan Power Company South Korea: KEPCO Japan: TEPCO

APAC

Asia Pacific

CAGR

Compound Annual Growth Rate

CPP Canadian Pension Plan DC-CFA Data Centre Call for Application ESG

Environmental, Social and Governance

GW Gigawatt IEA

Singapore: SP Group India: Adani Electricity Malaysia: TNB Philippines: MERALCO Indonesia: JDIH

International Energy Agency

IMF

International Monetary Fund

KW Kilowatt kWh

Thailand: PEA Vietnam: EVN The Impact of AI International Monetary Fund Regional Land Cost Index Land and site acquisition costs are sourced from our regional brokerage teams’ Development costs are sourced from Cushman & Wakefield’s completed, ongoing, active and planned projects across Asia Pacific and benchmarked against industry standards and client engagement surveys. Construction Cost Market Movers CPI: Moody’s (December 2024 forecast) database and transaction records. Regional Construction Cost Index

Kilowatt hour

MEP

Mechanical, electrical & plumbing

MW Megawatt NOC

Network Operations Centre

OpCo

Operating Company

PropCo

Property Company

PUE

Power Usage Effectiveness

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

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