Singapore data centres constrained with vacancy at just 3.6%

The firm noted Singapore recorded 28.1 megawatts of leasing activity in the first half of 2025.

Singapore’s data centre market remains one of the most tightly constrained in the Asia-Pacific region, with demand continuing to outstrip supply, according to Knight Frank.

In its report, the firm noted Singapore recorded 28.1 megawatts (MW) of leasing activity in the first half of 2025, reflecting strong appetite from hyperscalers and other cloud operators. Vacancy levels stand at just 3.6%, underlining limited availability in the market

Knight Frank highlighted that the Infocomm Media Development Authority (IMDA) has been steering expansion through its Call for Applications (CFA) process, designed to balance growth with energy efficiency.

Four operators were awarded sites in the first round in July 2023. In August 2025, authorities announced a second CFA round, which will allocate at least 200MW of new capacity

According to the report, Singapore’s electricity price for data centres stands at US$0.239 per kWh, with interest rates at 1.69%. High energy costs and regulatory requirements remain key considerations for operators when planning expansions

Leading operators in the Singapore market include Equinix, Digital Realty, ST Telemedia Global Data Centres, AirTrunk, and Keppel Data Centres. Equinix, in particular, maintains the largest operational footprint in the Asia-Pacific region

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