Updated 21 JAN 2022

DATA
CENTRES 20
ASIA PACIFIC
22
 Globally, people generate
2,500,000,000,000,000,000MB
DATA
CENTRES
20
of data each day, or 1.7MB every second! ASIA PACIFIC 22

WE ARE
A FORCE Tokyo will become the first

1GW
FOR ACTION
Hyperscale cloud revenue across
APAC region is expected to grow to

US$188B
market in Asia by 2024

by 2026
China is expected to surpass
ASIA PACIFIC MARKET CONDITIONS
4M
operational cabinets
in 2022.
India is expected to
The data centre market across the greater Asia Pacific grow from 650MW to
region continues to grow at a relentless pace, with China,
India, and now Indonesia all exceptionally hot markets.
Despite the high costs of land and occasionally power,
1GW
in core markets over
the next five years Over

200M
operators continue to develop large-scale facilities to meet

3
the demand of global hyperscale tenants, who in turn are
assisting the largest regional companies and government
NEW
agencies with their move to the public cloud. Further
CABLES people across Southeast
Asia have yet to get
are coming online by 2025 to online, suggesting
growth is expected throughout at least the next five to ten provide further bandwidth among an enormous growth
years, as the region requires entirely new builds due to a Australia and six other nations. opportunity across the
region.
lack of existing infrastructure for retrofit.

Source: Cushman & Wakefield Research

View our
2022 ASIA PACIFIC DATA CENTRE RANKINGS 2022 Data Centre Global
Market Comparison Report
Singapore finishes the highest
in the region for 2022 despite 01 SINGAPORE 06 OSAKA 11 JAKARTA
Click on title
the ongoing moratorium, with
02 HONG KONG 07 MUMBAI 12 KUALA LUMPUR
to download
the PDF file
Hong Kong moving upward and
Sydney again finishing strong.
03 SYDNEY 08 SHANGHAI 13 CHENNAI
Expect further shifts in coming
years as secondary and tertiary 04 SEOUL 09 MELBOURNE (tie) 14 DELHI
regional markets continue their
growth thanks to further cloud 05 TOKYO 09 BEIJING (tie) 15 BANGALORE
services penetration.
Cushman & Wakefield | 2
 DATA
CENTRES
20
ASIA PACIFIC 22

CONFIDENTLY GLOBAL, STATISTICS

EXPERTLY LOCAL 1,200+

Market-leading
1,062+
Project and Construction
industrial brokers managers delivering
WE CREATE SOLUTIONS WORLDWIDE across Asia Pacific
delivering
US$1.3B
US$74M
Our Asia Pacific Data Centres Practice Group as part of our Global Data Centre Advisory
in Asia Pacific
Group, has created optimal solutions and location strategies to address highly complex IT
requirements for enterprise clients across the region and globally since 2004. in industrial deals

Greenfield
Our multi-disciplined team work with experts across the spectrum of advisory services
focused specifically on the data centre market for seamless delivery. Every client 284
Capital Markets brokers
Site due diligence ensuring
access to power, fibre,
requirement is unique; we have the experience to develop long-term strategies that drive across Asia Pacific, zoning & incentives, demand
wise investment decisions for occupiers, landlords, investors and operators. negotiating sources, vendor ecosystem

US$21B
of transactions 39M ft2
Deals
in Capital Markets
transactions

Click on each broker’s

DATA CENTRES PRACTICE GROUP name to email them

TODD OLSON ANDREW CHAN VIVEK DAHIYA BRENDA ONG

Practice Group Lead Greater China India Singapore

KEVIN IMBODEN JOHN SIU WIRA AGUS TRANG BUI

Data Centre Insights Hong Kong Indonesia Vietnam

ORLANDO MACIEL JEREMY PEARSON DANNY PARK

Hong Kong Korea
Australia

Cushman & Wakefield | 3

 DATA
CENTRES
20
ASIA PACIFIC 22

WE POSITION YOU
FOR WHAT’S NEXT
MEETING OUR CLIENTS’ NEEDS

SCALABILITY REDUCED OPERATING COSTS

• To meet increased demand
• Access to faster, denser fibre
Global trends are changing the way commercial real estate is leveraged in business today. • Cloud availability
• Latent capability
Our clients depend on Cushman & Wakefield’s global platform and capabilities, research
RELIABILITY
and insights, and expert leadership across major markets workdwide. We believe increased • Uptime
• Bandwidth
business complexities generate fresh opportunities for innovation and new ideas to create • Power capacity
what’s next for our clients. • Connectivity
• Business continuity
SECURITY
SERVICES
• Data security
Focused on technical requirements and best practices, we undertake strategy, benchmarking and lifecycle cost • Disaster recovery
analysis across each engagement to find opportunities that will drive down operation costs, while advising on real
estate strategies. TYPES OF CLIENTS
• Energy efficiency
• Lifecycle cost analysis
LOCATION STRATEGY
• Greenfield/Brownfield site
research
• Due diligence services:
• Government and Planning
• Maximising demand sources
SUSTAINABILITY
• Renewable power sources
• Energy savings
• Zero emissions
• Carbon neutral

ENTERPRISE USERS
PROJECT & DEVELOPMENT SERVICES
• Project and construcion management sevices for environments from data room adaptations to development and buid-to-suit COLOCATION PROVIDERS
• Data centre environment expertise including loads, heights, floors, power, water, sustainability, energy cost, commissioning
• Cost consultancy, value engineering, procurement and budget management HYPERSCALE CLOUD PROVIDERS
TRANSACTION SERVICES
INVESTORS/DEVELOPERS
• In-house, colocation, wholesale, powered shell, existing facility, greenfield
• Acquisition, disposition, investment sale
• Business continuity MAJOR CLIENTS
• Comprehensive contact knowledge: Master Service Agreements, Service Level Agreements, and Service order
• Rent terms including NNN, Metered, Draw Cap, Breakered, Cross Connects and Telco/Network Rents
STRATEGY DEVELOPMENT
• Acquisition and disposition planning
• Global expansion strategy, including prioritization by region and capital management plan
• Portfolio optimization strategy
• Standardized process, tools and templates or quality control
• Benchmarking
• TCO modeling and negotiation
SITE SELECTION
• Needs and viability of opitons analysis
• Infrastructure and systems review
• Security and risk evaluation
• Business and financial analysis
• Location incentives
LANDLORD/PROVIDER REPRESENTATION

VALUATION & ADVISORY SERVICES

CAPITAL MARKETS
Cushman & Wakefield | 3
 DATA 20
CENTRES
22
AUSTRALIA ASIA PACIFIC

Click on each broker’s

CASE STUDY CONTACTS name to email them
Australia boasts a global primary market in Sydney, a growing secondary
location in Melbourne, and expanding edge locations in cities such as Perth
and Darwin that serve as landing stations for regional undersea cables. The ORLANDO MACIEL
Director, Head of Industrial,
relative lack of land constraints will serve Sydney well in coming years as other NSW, Industrial & Logistics
large regional cities work through these difficulties, and local enterprise and
government users have rapidly absorbed new capacity brought to market.

GRANT BULSTRODE
Director, Tenant Advisory Group

KEY INDICATORS Client: Top four national banking institution DAVID NORMAN

25 602MW 159MW Location: Sydney Director, Industrial Sales & Leasing

Number In Operation Under Service: Facilities management

of Operators Construction Date: Ongoing since 2011
Value: US$2.1M REECE WHITE
Power: 3MW Head of Operations, Occupier Services,
Tier 1 Markets Australia
Size: 11,232m2 NLA
Sydney Melbourne Perth
Following on from a previous contract, the client
re-engaged our services for another 5 year
term with exclusive extension terms negotiated
for another 2 years. Both contracts involved
the facilities management of mission critical
infrastructure, including capacity management
and also environmental reporting to ensure
efficient operations.
Cushman & Wakefield | 5
 DATA 20
CENTRES
22
GREATER CHINA ASIA PACIFIC

KEY CLIENTS

Click on each broker’s

CASE STUDY CONTACTS name to email them
Greater China is rapidly growing into the largest global data center market,
with massive primary locations in Beijing, Shanghai, and the Greater Bay Area,
and an array of secondary cities with their own large-scale capacity. Chinese JOHN SIU
hyperscale services provide the bulk of the tenancy in core markets, though Managing Director
Hong Kong
telcos continue to operate a large number of data centres. Financial institutions,
large-scale manufacturers, and state-owned enterprises are embarking on their
own journeys to the cloud or a hybrid IT structure, with development swelling
ANDREW CHAN
to meet these needs. Appetite for services continues to grow, although power Managing Director, Head of Valuation
availability is a concern moving forward for the largest builds. & Advisory Services, Greater China

KEY INDICATORS Client: Keppel Data Centres JEREMY PEARSON

Location:
~24 ~2K MW ~400MW
Huizhou, Guangdong Managing Director, Asia Pacific,
Service: Valuation and advisory Tenant Advisory Group
Number In Operation Under
of Operators Construction Date: 2020
Size: 486,800ft2
SUMMER CHEN
Tier 1 Markets Senior Associate Director, Valuation &
Provided fair assessment of the market and
Beijing Shanghai Guangzhou Shenzhen Hong Kong Advisory Services, Greater China
development values, supported with sound
Tier 2 Markets evidence and market comparables, marking the
RICKY WONG
Tianjin Chongqing Chengdu Hangzhou Nanjing Singapore-based conglomerate’s first foray into
Executive Director
mainland China’s booming data center industry. Capital Markets
Hong Kong

Cushman & Wakefield | 6

 DATA 20
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INDIA ASIA PACIFIC

KEY CLIENTS

MAJOR LEADING
GLOAL GLOBAL FORTUNE 50
CLOUD CLOUD IT SERVICES
PROVIDER COMPUTING FIRM
FIRM

CASE STUDY CONTACTS Click on each broker’s

name to email them
India has rapidly expanded from an initial core market in Mumbai to six large
markets including Chennai, Hyderabad, Delhi, Pune, and Bangalore, with a
multitude of international operators moving in to the country to compete VIVEK DAHIYA
Managing Director
for hyperscale business. After a gradual initial pace, all major cloud services India Lead – Data Centres
are now active in-country, most with multiple regions in key markets and New Initiatives
with plans to expand further. Sites that can support data center builds
are changing hands quickly, with several half-gigawatt campuses now in
GAUTAM SARAF
planning at final build. Managing Director,
Mumbai and New Business 

KEY INDICATORS
35 820MW 1.5K MW Client: Major global cloud provider
Number In Operation Under Location: Telangana state
of Operators Construction Service: Site search, evaluation and acquisition
Date: 2021
Tier 1 Markets Land Value: US$35M
Mumbai Chennai Hyderabad Power: 150+MW
Size: 20+ acre sites
Tier 2 Markets
(871,000+ ft2)
Delhi NCR Pune Bangalore
Prepared and executed comprehensive site acquisition
strategy for private freehold and government allotted
CUSHMAN & WAKEFIELD CAPABILITIES lands. Three separate sites were combined to create a
Between 2019 - 2021
greenfield availability region for this transaction. Will
240+MW US$55M continue to support client’s expansion across India.
Transacted Value of
Transactions

Cushman & Wakefield | 7

 DATA 20
CENTRES
22
INDONESIA ASIA PACIFIC

KEY CLIENTS

LEADING MAJOR LEADING

GLOBAL GLOBAL NATIONAL
CLOUD CLOUD DATA CENTRE
COMPUTING PROVIDER PROVIDER
FIRM

Click on each broker’s

CASE STUDY CONTACTS name to email them
The Indonesian data center market has rocketed to major market status over
the past two years, with Jakarta in particular expecting to triple in size over
the next two. Locally the market has largely skipped over the intermediate
WIRA AGUS
colocation step, as five major cloud services will be running by early 2022, Director, Industrial & Land Sales
providing the vast majority of new data center tenancy in Jakarta. The market
thus provides an attractive battleground for data center business in coming
years, with enterprises and the customers they serve all increasing in needs
and sophistication. HENDRA SAN
Manager, Industrial & Land Sales

KEY INDICATORS
6 90MW 200MW Client: Leading global cloud computing firm
FENNY SUKARDI
Number In Operation Under Location: KIIC - Karawang, West Java
Director, TAG
of Operators Construction Service: Acquisition advisory
Date: 2019
Tier 1 Markets Value: US$14.3M
Jakarta Surabaya Bandung Size: 100,000m2 DWITJE WANGSADIPUTRA
Director, Project Management
Tier 2 Markets
As part of the client’s national expansion activities
Medan Batam Pekanbaru and in a move to boost Indonesia as a strategic
digital hub in the region, we assisted them with
the procurement of one of the first greenfield data
CUSHMAN & WAKEFIELD CAPABILITIES centres projects within the estate. The site required
Between 2019 - 2021
complex power and fibre optic route prerequisites
166,000m2 US$41M that were negotiated with the seller.
Transacted Value of
Transactions

Cushman & Wakefield | 7

 DATA 20
CENTRES
22
JAPAN ASIA PACIFIC

Click on each broker’s

CASE STUDY CONTACTS name to email them
Japan is a more mature data center market than most regional countries, with
advanced telcos building a dense infrastructure of data centres decades before
most countries received any sort of deployment. Continuing to the current day, TODD OLSON
Managing Director,
these telcos now compete with an increasingly international array of data center North Asia
operators, with Tokyo a global hub and large-scale development underway
outside the city proper in Inzai. Osaka has now followed Tokyo’s lead as a data
center destination, with several new projects expanding the local market.
KOSUKE OGI
Executive Director,
Capital Markets, Japan

KEY INDICATORS
66 1.3K MW 140MW Client: Leading global cloud computing firm HIROKI TAKATSUKA
Director,
Number In Operation Under Location: Inzai, Japan
Logistics & Industrial Services,
of Operators Construction Service: Acquisition advisory Japan
& construction management
Tier 1 Markets Power: 50MW
YASUSHI OTOMO
Tokyo Osaka Inzai Size: 380,000m2
Director, Project & Development
Services, Japan
Tier 2 Markets
Sourced site and introduced an investor to fund land
Saitama Osaka suburban Tokyo suburban acquisition and construction. We also negotiated
a long term sale-leaseback at favorable terms. We
managed construction and provision of power to
CUSHMAN & WAKEFIELD CAPABILITIES complete the data center on time and within budget.

196MW US$350M
Transacted Value of
Transactions

Cushman & Wakefield | 8

 DATA 20
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KOREA ASIA PACIFIC

KEY CLIENTS

LEADING MAJOR
GLOBAL GLOBAL
CLOUD CLOUD
COMPUTING PROVIDER
FIRM

CASE STUDY CONTACTS Click on each broker’s

name to email them
Often overlooked in a comparison of primary data center markets, Seoul and by
extension the entire South Korean market has an extensive mix of options backed
by telcos and large tech companies, and is now gaining international entrants in JOHN PRITCHARD (SPOC)
Head of Global Tenant Advisory Group,
the form of major US-based data center REITs. Most large Korean conglomerates Korea
operate very sophisticated internal architecture, and the surrounding tech sector
is well used to working with major cloud services. While there are occasional
concerns over land cost and power, growth is expected to continue rapidly in
Seoul and to a lesser extent in smaller regional cities. DANNY PARK
Senior Manager, Tenant Advisory Group

KEY INDICATORS Client: K-Flower City (developer)

11 320MW 77MW Location: Yongin-si, Gyeonggi do

Number In Operation Under Service: Disposal advisory
of Operators Construction Date: 2020
Value: US$134M
Tier 1 Markets Power: 200MW
Size: 380,000ft2
Seoul Gyeong-gi Incheon

Tier 2 Markets Advised client on obtaining approval to secure
Busan Daejoen Gwangju power to the site in order to market and dispose as
a data center developable site, attracting significant
attention from investors. It was the largest data
center deal carried out in the country at time of
transaction.

Cushman & Wakefield | 9

 DATA 20
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22
SINGAPORE ASIA PACIFIC

Click on each broker’s

CASE STUDY CONTACTS name to email them
Despite the current moratorium on new builds, Singapore remains a
strong location for data center deployment, with dense connectivity
both locally and internationally thanks to a large number of undersea BRENDA ONG
Executive Director
cables and more on the way, offering plenty of peering opportunities.
Logistics & Industrial
The city is often chosen by enterprises for their single regional location,
though available large-scale capacity is now difficult to find.

CHRIS CARVER
Head of Valuation & Advisory

KEY INDICATORS Client: Keppel Infrastructure Trust and Shimizu

CHRISTINE HO
18 613MW 172MW Location: 1-Net North Data Centre
Associate Director, Client Services
Number In Operation Under Service: Disposal advisory
of Operators Construction Date: 2019
Value: US$148.2M
Power: Up to 30MVA of power capacity and
12MB of IT power
Size: 215,000ft2 (GFA)

A noteworthy transaction in the city-state where
data centres are rarely offered in the market.
Compounded by the government enforced
moratorium, the asset was sold with technology
security and sustainability certifications attained.

Cushman & Wakefield | 10

VIEW OUR LATEST APAC DATA CENTRE UPDATE TODD OLSON
Click on title Managing Director, North Asia,
This biannual report profiles in-depth market overviews to go to the Head of Asia Pacific Data Centres Practice Group
website
of notable tier 1 markets across Asia Pacific. Todd.Olson@ap.cushwake.com

KEVIN IMBODEN
Senior Research Manager
Data Centre Insights
Kevin.Imboden@cushwake.com

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The information contained within this report is gathered from multiple sources considered
to be reliable. The information may contain errors or omissions and is presented without
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