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:
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
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 • 06/11/2023
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