Industrial

APAC accounts for over a quarter of the global hyperscale data centre capacity.

One is a 96MW campus worth approximately USD1b to be built in Batam, Indonesia.

One was a deal worth HKD590 million.

Mumbai stood out in the region with its capacity surpassing the 2,000MW mark.

Five of eight property developers rated B3 and below are expected to have interest coverage below 1.5x in both scenarios.

The country beats its SEA-5 market peers.

There were 20 projects completed in Q4 2022 alone.

Leasing activity reached nearly 44,000sqm in Q4 2022.

There is almost 50 million sq ft of new supply lined up in the next three years.

It was very close to 2019 absorption levels.

Transaction volumes hit AUD 745.9 million in Q4 2022.

This is more than the 10-year average of 205,000sqm.

The vacancy rate was at 8.2%.

Rents in this city dipped by 0.1%, its first decline since the pandemic began.

Meanwhile, the price index grew 7.5% during the year.

Net absorption for multiple-factory space is also at an all-time high.