- Keppel DC REIT clocked positive rental reversion of more than 40% for a major renewal contract in Singapore in 2Q24, a reflection of strong demand and tight vacancy locally. Large colocation leases with longer WALE of 3-4 years led to the astronomical positive rental reversion.
- - Read this at SGinvestors.io -
Singapore is the most power-constrained data centre market in the world
- Singapore is the most power-constrained data centre market in the world with an extremely tight vacancy rate of 1.0%. We attribute the shortage to the government’s strict adherence to climate change commitments and the resultant 3-year moratorium on building of new data centres in 2019-22. The moratorium was only recently lifted with the Infocomm Media Development Authority (IMDA) awarding four data centre operators, namely AirTrunk-ByteDance Consortium, Equinix, GDS and Microsoft, with 80MW in capacity in Jul 23.
- - Read this at SGinvestors.io -
- Rents for retail colocation leases have surged the most due to limited supply.
Focus on high value colocation leases.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-09-13
Read also UOB's most recent report:
2026-06-30 Keppel DC REIT - Enlargement Of Pipeline; Attractive Yield From Netco Bonds.
Previous report by UOB:
2026-04-17 Keppel DC REIT - 1Q26 Boost From Accretive Acquisition In Tokyo.
Price targets by 4 other brokers at Keppel DC REIT Target Prices.
Listing of research reports at Keppel DC REIT Analyst Reports.
Relevant links:
Keppel DC REIT Share Price History,
Keppel DC REIT Announcements,
Keppel DC REIT Dividend Payout Dates & Corporate Actions,
Keppel DC REIT News
