This translates to around 95MW per year on average although this tapers off slightly to just 58MW annually without the Facebook development.
Over 2015-2018, an average of 35MW of supply was added to the data centre market per annum in Singapore, according to a report by CGS-CIMB. The average supply for 2019-2022F is expected to be about 50MW per year.
CGS-CIMB analyst Lock Mun Yee and Ervin Seow said that they expect over 380MW of new data centre capacity to come onstream over 20192022F, which translates to around 95MW per year on average.
Larger developments in Singapore are sites owned by end-users such as Google and Facebook, whilst the rest appear to be data centres in the colocation space. “The 150MW data centre at Tanjong Kling will be Facebook’s first data centre in the region. Facebook does not have a substantial cloud business like Amazon and Google and so we do not expect its new data centre to displace demand from other colocation providers like Keppel DC REIT,” they said.
This story is from the April - June 2019 edition of Singapore Business Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April - June 2019 edition of Singapore Business Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Singapore's health data bill mandates regulated information sharing
To ensure data disclosure and sharing, the Ministry of Health can impose up to $1m in fines for non-compliance.
Venture capitalists sharpen focus on targeting startups' profit paths
Deal activity in Asia Pacific fell 26.3% YoY in 2023, reflecting VC firms' caution.
Strategic locations and value-added services drive growth in self-storage sector
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
Why Tim Hortons vies for top spot in Singapore's 'third place' Western coffee scene
Capturing this market is better than competing directly with kopitiams and grab-and-go concepts.
CEO Justin Quek steers OrangeTee to real estate centered around customers
A step toward this commitment is the launch of the consumer-centric event 'Property Festival' in 3Q24.
Retailers are urged to view returns management as loyalty drivers
15% of customers abort a transaction if the return policy is subpar.
National security is put front and center with new Significant Investments Review bill
Legal experts believe cybersecurity and AI entities are likely to be affected by the measure.
Three strategies to mitigate BEPS 2.0's tax impact for MNEs
Should the directive be implemented, selected MNES will be subject to a global minimum tax of 15%.
JustCo debuts first pay-per-minute airport hub for business nomads
The co-working space has around 50 hot desks and nap pods, allowing travellers to 'check-in' at work.
Fr8Labs secures major backing to digitalise Asia's freight sector
Investors are showing strong support for Fr8Labs, a company set on transforming the freight forwarding sector traditionally bogged down by manual processes.
