The Business Times
business-time-50
SUBSCRIBERS

AI investment wave driving money into data centre deals in Asia-Pacific

Japan is top market for investors, with Malaysia fast gaining more interest

google-preferred-sourceAdd BT as a preferred source
Samuel Oh

Samuel Oh

Published Tue, May 28, 2024 · 05:00 AM
    • More than 50 per cent of data centre development activity in the region is found in China, Japan and India, says Colliers.
    • More than 50 per cent of data centre development activity in the region is found in China, Japan and India, says Colliers. PHOTO: PIXABAY

    A FRESH wave of AI-directed investments is driving money into data centre real estate in the Asia-Pacific, with most markets seeing record levels of construction activity and strong deal flow.

    In the first quarter of 2024, acquisitions of Asia-Pacific data centre assets totalled more than US$1.6 billion, surpassing investment volumes recorded in both the first and second halves of 2023, according to MSCI’s Asia Pacific Capital Trends report.

    “There was a mix of both individual property sales and platform-level deals, with assets across six different markets changing hands,” the MSCI report said.

    Data centresArtificial IntelligenceCloud computingProperty investment

    TRENDING NOW

    Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone

    From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire

    Dr Koh says he has been "an absent husband, father and son" since entering politics in 2015.

    Koh Poh Koon resigns from ministerial roles for ‘family reasons’, will stay on as MP

    The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.

    Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

    The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”. 

    Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More