Hong Kong ranks fourth in global data centre market: report

It went up from sixth place last year, Cushman & Wakefield reported.

Hong Kong maintained its position as amongst the leading data centre markets after it ranked fourth globally, up from sixth place last year, Cushman & Wakefield reported. 

In its Global Data Centre Market Comparison report, Cushman & Wakefield found that Hong Kong registered a strong performance in terms of connectivity, consistent demand, availability of cloud services, and business-friendly tax structure. These offset the high prices of land in the market.

Hong Kong and Singapore are the only Asian markets to make the top ten. The other markets are all based in the United States. 

Read more: Singapore ranks third in global data centre market: report

In the Asia-Pacifc region, Singapore topped the list, followed by Hong Kong in second place. Sydney and Seoul tied on the third place. 

“We are seeing significant investment and interest in Bangkok, Ho Chi Minh, Hyderabad, Johor and Manila and we expect this to continue, along with interest in other primary and secondary markets in the region,” Cushman & Wakefield’s Head of Data Centre Advisory Team, Asia Pacific, Vivek Dahiya said.

“Data centres are a rapidly evolving asset class as evidenced by this report: last year, Portland ranked 10th. This year it tied for first. We expect such strong movements to continue in the years to come as the sector evolves and matures.”