Budde

telecommications research company

.	Colliers estimated the parcel to be worth up to HK$3.75 billion, or HK$3,100 per sq ft, and expects the development cost at between HK$3,000 per sq ft to HK$3,500 per sq ft.
.	Hong Kong currently has about 8.2 million sq ft of data centre supply and this site will add another 1.21 million sq ft. (source: Colliers)
.	This is not seen as a significant increase compared to the growing demand in Hong Kong and Asia. While the site is sufficient to support immediate demand, Hong Kong needs cheaper options for data centre usage and government support to achieve its long-term goal as a data centre hub and smart city.


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