HCM City ranks among top markets for data centre development
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Loading... - Valli Kongkaeo
- 21 Feb 2023
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Ho Chi Minh City is ranked among the top markets in the land price category for data centre development, experts said.
Ho Chi Minh City is ranked among the top markets in the land price category for data centre development, experts said.
In an annual report by Cushman & Wakefield, the company said that with many of the largest markets in the APAC region boasting particularly high land costs, only HCM City ranks within the top 10 for the land price category.
The rest of the top ten markets in the category are: Columbus, Santiago, Johannesburg, Atlanta, Nashville, Phoenix, Austin, Denver, and Chicago.
The report ranks major data centre markets around the world according to 13 weighted categories, including market size, fiber connectivity, power cost and environmental risk, to determine the top overall markets as well as the top performing markets in each category.
According to the company’s latest forth quarter of 2022 HCM City marketbeat report, the average rental price reached 159 USD per sq.m per lease cycle, up 3% quarter-on-quarter and 10% year-on-year.
Vietnam may be a frontier data centre market at this juncture but it has numerous fundamentals that would suggest great potential for development going forward. The country currently has 70% internet penetration, with an estimated 29 million people yet to get online.
Over 48% of Vietnam’s capacity is located in the centre of HCM City. Currently, only a small number of multinationals require high-level capacity. Read More…
