Asia Pacific Data Centre Construction Cost Guide 2023/24
Asia Pacific is attractive to investors for its comparatively low land and development costs and for the growth potential in both developed and emerging markets.
Regional Land Cost Index - Top 5 Markets
An increasing scarcity of suitable land parcels with available power in some markets, combined with higher borrowing costs in most markets, have contributed to cost increases. The top 5 most expensive markets for land cost are:
An increasing scarcity of suitable land parcels with available power in some markets, combined with higher borrowing costs in most markets, have contributed to cost increases. The top 5 most expensive markets for land cost are:
Regional Construction Cost Index - Top 5 Markets
With year-on-year increases of between 8% in Singapore and 3.5% in Australia, the top 5 most expensive markets for construction cost are:
With year-on-year increases of between 8% in Singapore and 3.5% in Australia, the top 5 most expensive markets for construction cost are:
Although supply chain disruption and supply/demand imbalances for both labour and materials remain in recovery, raw material prices, energy and transport costs remain at an all-time high and continue to contribute towards record construction costs. Overall, the market has seen an average increase of 4.9% on 2022 construction pricing.
ASIA PACIFIC DATA CENTRE CONSTRUCTION COST GUIDE 2023/24
Cushman & Wakefield’s inaugural Data Centre Construction Cost Guide 2023/24 provides a comprehensive analysis of both land purchase and data centre construction costs across Asia Pacific, as well as a schedule of land banking rates and a summary of key trends within the sector.
ACCESS THE GUIDE External Link
CONTACTS
James Normandale
Head of Asia Pacific Data Centre Construction, Project Development Services
Singapore
Rebecca Jung
Associate Director, Business Development ServicesAssociate Director, Business Development Services
Sydney, Australia
Related articles
Research
The operational capacity of Asia Pacific’s* data centre markets has surpassed the 10GW mark, with ~800MW of new supply added in H2 2023 bringing the total regional live capacity up to 10.6GW. We continue to witness a robust development pipeline with 3.9GW under construction throughout the region and 9.4GW in planning stages, which is an increase of ~900MW since our last update.
2/15/2024
Data centre construction cost increases of up to 8% across region year-over-year but development shows no sign of pausing
Japan has been named the most expensive market for data centre construction while Singapore has topped the rankings for the most expensive land costs in Asia Pacific, according to a new report.
Amy Kathleen Kelly • 11/6/2023
Insights
Migrating to a colocation (colo) data centre can help with long term costs savings, ensure 24/7 reliability with minimal power interruptions, achieve higher sustainability and flexibility in line with your business goals.
Vivek Dahiya • 5/25/2023
Insights
Data Centres | The future of Colocation
Organizations across the world are evolving their flexible work environments by moving their workloads into a mix of on-premises, colocation setups, public cloud, or private cloud solutions.
Vivek Dahiya • 8/16/2022
