This translates to around 95MW per year on average although this tapers off slightly to just 58MW annually without the Facebook development.
Over 2015-2018, an average of 35MW of supply was added to the data centre market per annum in Singapore, according to a report by CGS-CIMB. The average supply for 2019-2022F is expected to be about 50MW per year.
CGS-CIMB analyst Lock Mun Yee and Ervin Seow said that they expect over 380MW of new data centre capacity to come onstream over 20192022F, which translates to around 95MW per year on average.
Larger developments in Singapore are sites owned by end-users such as Google and Facebook, whilst the rest appear to be data centres in the colocation space. “The 150MW data centre at Tanjong Kling will be Facebook’s first data centre in the region. Facebook does not have a substantial cloud business like Amazon and Google and so we do not expect its new data centre to displace demand from other colocation providers like Keppel DC REIT,” they said.
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