Real estate developer Japan Land on Thursday said it has completed its new Jurong Data Centre in Singapore. The total project cost for Phase One amounted to S$215 million.
Japan Land invested about S$40 million in the project, with the remaining funds coming from various other investors.
The developer said it will explore similar opportunities in Asia, especially in Malaysia, China and India.
The new centre in Singapore has seven floors, with a floor area of over 34,000 square metres. Of this, 18,000 square metres of data centre space across six floors can house 30 data suites with separate mechanical and engineering facilities, including generators and fuel storage tanks.
It comprises “green elements”, which include recyclable concrete, preparation to use “new water” in its entire cooling subsystem and a flexible external facade to optimise airflow.
Japan Land’s managing director Leow Tet Sin said this facility will have a positive impact on Singapore’s role as a regional info-communications centre, as well as Japan Land’s future as a leading developer of data centres in Singapore and the region.
The data centre has secured customers, including Singapore Telecommunications, Singapore Power Telecommunications, fibre-optic broadband company OpenNet and Axia NetMedia.
Asia Pacific’s data centre services market is expected to grow by US$10.68 billion by end-2011, according to figures from Frost & Sullivan. For Singapore, the market will hit US$326 million next year, said an IDC Market Analysis Report.
The demand for data centre space has been fuelled by the increasing demand for Internet services across Asia, the company said. This includes the Singapore’s government initiatives towards broadband and digital content development and the globalisation of businesses.
Going forward, Mr Leow said the company will continue to look for opportunities to participate in more data centre projects and to grow its market share in Singapore and the region.
Source : Channel NewsAsia – 25 Feb 2010