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Singapore leads APAC data center investments as AI drives demand

APAC data center investment volumes reached $3.7b in YTD Q3 2024.

In YTD Q3 2024, Singapore led data center investments in APAC, followed by Australia and South Korea, JLL reported.

Overall, APAC data center investment volumes reached $3.7b (US$2.8b) during the period, exceeding full-year 2023 volumes.

According to JLL, data center operators continue to expand across the region to meet the rising data center demand which is fueled by AI.

In addition, JLL expects the industry to see more large developer-operator-investor platforms as investors actively look into joint ventures and M&A deals.

“Due to limited acquisition opportunities in stabilised assets available for a direct deal and limited expertise in construction and new development, institutional buyers are looking towards JVs and M&A,” JLL said.

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