Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Jun 15, 2024

Hong Kong ranks fourth in global data centre rankings: Cushman & Wakefield

Hong Kong ranks fourth in global data centre rankings: Cushman & Wakefield

Hong Kong took fourth spot in real estate firm’s annual ranking of global cities’ data centres, helped by strong fibre density and quality and consistent availability of cloud services.
Hong Kong has ranked as one of the world’s top data centre markets thanks to its strong connectivity and low taxes, although it still trails regional rival Singapore, according to a report published by US real estate firm Cushman & Wakefield.

Hong Kong took fourth spot this year in the firm’s annual ranking of global cities’ data centre developments, up from the sixth spot last year, helped by strong fibre-optic cable density and quality, consistent demand for and availability of cloud services, and its business-friendly tax structure, the firm said. These advantages helped to offset high land prices.

Singapore, with a larger market size and even stronger fibre connectivity than Hong Kong, took third spot in the firm’s ranking. The two are the only cities outside the US that made the firm’s top 10 ranking. US locations Northern Virginia and Portland shared the top spot.

“Hong Kong is one of Asia’s leading and still-rising strategic locations for data centres, reflected in its move up in the overall global rankings to fourth place in the 2023 report,” said John Siu, Cushman and Wakefield’s managing director in Hong Kong.

While Beijing and Shanghai did not make it into the list’s top 10 data centre markets, the two cities are leaders in both market size and fibre connectivity, according to the firm.

Hong Kong has experienced a boom in demand for data centre providers driven by a surge in the digital economy during Covid-19.

Cushman & Wakefield also previously projected that the total gross floor area of Hong Kong’s data centres is expected to expand by 30 per cent by 2025, and that the value of Asia-Pacific’s data centre industry will hit US$28 billion by 2024.

But Hong Kong also faces unique challenges to maintain its status as a leading data centre market. An increasingly complicated web of data security rules proposed by Beijing could erode Hong Kong’s status as a hub, analysts previously told the Post.

New regulations passed by the Cyberspace Administration of China (CAC) last year, for instance, require companies that meet certain criteria to pass a security assessment before transferring data outside the border, meaning that data flows to Hong Kong could potentially come under scrutiny.

Outdated local data regulations including the Personal Data (Privacy) Ordinance, which came into effect in 1996 and has been barely updated since, could also complicate the flow of data between the two territories.

Related Articles

Hong Kong News
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.