1-Net Singapore announced in July that it is opening a new Singapore data center to meet growing demand for hosting and other management services.
The need for Singapore data centers has outpaced supply in the country, with demand growth rising 3 percent faster than supply each year between 2010 and 2013. 1-Net noted that last year the audience for online videos in Southeast Asia grew 8 percent and the region ranks higher than the global average when it comes to consuming online music, movies and entertainment.
“We’ve seen a shift in the way consumers consume their information over the last few years, and businesses have also responded by changing the way they engage customers,” said Wong Ka Vin, managing director of 1-Net. “With the opening of this new 1-Net Data Centre, 1-Net aims to become Asia’s data center of choice.”
The Singapore data center will be located in the suburb of Marsiling and encompass more than 200,000 square feet. The facility will become the country’s first Tier III data center as certified by the Uptime Institute, and the project is expected to cost 1-Net more than $100 million. The company is also investing an additional $56 million to outfit the data center with the technology required to operate a Tier III facility.
The building where the data center will be located is being leased by 1-Net on a long-term basis from CitySpring Infrastructure Trust as part of a joint venture with Shimizu Corporation. The terms of the partnership call for CitySpring to control a 51 percent stake and Shimizu holding the remainder.
1-Net expects the Singapore data center to be operational by the last quarter of 2015.