The Business Times
business-time-50

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

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    HSBC Singapore CEO Wong Kee Joo says the expansion “reflects our confidence in the country’s future as a leading wealth, trade, and innovation hub”.

    Wanted: 100 AI specialists, 100 wealth relationship managers at HSBC Singapore

    This marks the second-largest initial public offering in China’s history.

    China chipmaker CXMT jumps 472% in debut after US$9.8 billion IPO

    A combined CapitaLand-Mapletree group would be better positioned to compete, and it would raise the profile of the Singapore market.

    Temasek should publicly state its position on the long-rumoured CapitaLand-Mapletree merger

    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