Greater Seoul has been gaining interest among international data center operators thanks to increased partnerships. According to a recently released report by CBRE Research – Asia Pacific Data Centre Trends H2 2022, Incheon is a popular destination with a pipeline that includes a 120MW project by Digital Edge and SK Ecoplant together with a 48MW facility by Stack Infrastructure and ESR.
For Tokyo, it is projected that supply slippage is set to intensify in 2023 as the delivery schedule for new power infrastructure has been delayed by 48 months due to the pandemic. It was estimated that one fifth of the planned capacity between 2023-2025 to arrive on schedule.
Meanwhile, the demand in Hong Kong is anticipated to remain muted, with the exception of some expansionary demands from cloud providers relating to the mainland Chinese economy and relocations. In preparation for a tightening of the supply situation beyond 2024, end users are taking advantage of short-term market weakness to get favorable terms on better quality assets.
The research noted that investor interest in emerging markets increased in 2022 despite a weaker overall demand. From Time dotCom, DigitalBridge acquired a 70% share in the Malaysian data center provider AIMS Group. Other developments in South East Asia include a joint venture between Warburg Pincus and Evolution Data Centre as well as a collaborating investor interest in emerging markets increased in 2022 despite a weaker overall demand. Uk5uuk5k55k5k5k5k5uion between GAW Capital Partners and A3 Capital.
