Facebook to build $1.4 billion data centre in Singapore

Facebook to build $1.4 billion data centre in Singapore

Trinity Chua
06/09/18, 11:36 am

(SINGAPORE): Facebook is joining the likes of other technology giants to build data centres in Singapore.

The social media giant is building a $1.4 billion 11-storey-high data centre here, its first in Asia and 15th in the world.

Google has invested at least US$850 million ($797 million) to build two data centres in Singapore. Alibaba also has data centres here, which it started building in 2015.

Facebook’s 170,000 sqm facility will likely turn operational in phases, starting in 2022, and would support hundreds of jobs.

Located in Tanjong Kling, the data centre will be the first to use the StatePoint Liquid Cooling system, which can reduce the amount of peak water used by 20%.

The data centre will be powered by 100% renewable energy.

Compared to traditional data centres, Facebook’s new data centre in the US consumes 38% less energy and 80% less water.

Facebook says the Economic Development Board of Singapore and JTC helped facilitate the project. And it has chosen Singapore for its business-friendly environment.

Trade and industry minister Chan Chun Sing, who was at the launch event, said the project helps break new ground in land utilisation and energy consumption.

EDB’s assistant managing director Kiren Kumar says that the agency works closely with tech leaders over the long term and engage them on specific projects when the opportunities come by.

“We selectively work with leaders like Facebook who have the capacity to innovative with us, not just in data centres, but [we want to position Singapore] as a good platform for the tech sector to grow,” he says.

US-headquartered Fortis Construction is the general contractor of the project.

Stratech's controlling shareholders seeking stay of winding-up order

SINGAPORE (Sept 20): A Singapore court has granted applications to wind up The Stratech Group and its subsidiary, Stratech Systems, after the group failed to receive the necessary support for proposed schemes of arrangement. See: Stratech to receive funds from controlling shareholders, plans to propose scheme of arrangement See also: Stratech to call for rights issue as founders pump in more funds See also: Auditors flag Stratech's ability as going concern One of Stratech’s three secured creditors, who held more than 50% of the company’s $6 million in secured debt, did not agre....

Easy for Hongkong Land to find replacement for tenant HNA: DBS

SINGAPORE (Sept 20): China-based HNA Group reportedly surrendered eight floors at Three Exchange Square in Hongkong’s Central with lettable area of 88,000sf. This move should not surprise the market as this conglomerate has been reducing its business operations in Hong Kong in the previous year. The 33-level Three Exchange Square office tower was developed by property group Hongkong Land and houses the Hong Kong Stock Exchange. HNA’s lease started in June and should have expired in May 2027. According to press reports, China Merchants Bank has agreed to take up four floors for ....

Singaporeans love their banks but remain wary of the lesser-known, finds survey

SINGAPORE (Sept 20): While a majority of Singaporeans view the city state’s financial services sector as more trustworthy than a decade ago, many are cautious towards less familiar sub-industries and new & emerging digital financial services companies. This is according to the inaugural 2018 Financial Services Reputation Index, launched today by MHP Communications and ORC International, which surveyed over 4,000 adults across China, Hong Kong, India and Singapore in August this year. In particular, the survey found that 90% of respondents in Singapore and India rated the reputation....