Why Hong Kong is losing ground in AI data centre race as Malaysia, Singapore advance

From large factory premises in Tseung Kwan O to compact, multilayered industrial buildings in Kwai Chung, data centres are spreading into every corner of Hong Kong. The outlook once appeared promising. Property consultancy Cushman & Wakefield ranked the city the fourth-best data centre market globally in 2023, while the government had branded Hong Kong a “prime location for data centres”. But reality has been less kind. Hong Kong was not even among the top 10 Asia-Pacific markets in the...