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

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    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