Asia Pacific Data Centre Construction Cost Guide 2023/24
Asia Pacific is attractive to investors for its comparatively low land and development costs and for the growth potential in both developed and emerging markets.
Regional Land Cost Index - Top 5 Markets
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:
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:
Regional Construction Cost Index - Top 5 Markets
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:
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
Cushman & Wakefield’s inaugural Data Centre Construction Cost Guide 2023/24 provides a comprehensive analysis of both land purchase and data centre construction costs across Asia Pacific, as well as a schedule of land banking rates and a summary of key trends within the sector.
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Rebecca Jung
Associate Director, Business Development ServicesAssociate Director, Business Development Services
Sydney, Australia
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