Singapore ranks third in APAC for data centre investments

It ranks behind Seoul and Tokyo.

Singapore is one of the top markets driving investor demand for data centres in the Asia-Pacific (APAC) in 2024, ranking third in the region.

CBRE data shows that 17% of investors prefer investing in Singapore, ranking it behind Tokyo (21%) and Seoul (18%).

Notable data centre transactions in Singapore include Mapletree Industrial Trust’s (MIT) purchase of a $498m (US$370m) data centre in Osaka in 2023.

The total transaction volume of APAC data centre assets in 2023 reached $1.48b (US$1.1b).

CBRE surveyed professionals within the digital infrastructure sector in early 2024, with 24% of respondents directly involved in operating, developing, or owning a colocation facility.