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AirTrunk SGP2 data center

Singapore, Singapore · Singapore market · location approximate to district level

Also listed as AirTrunk SGP2 data center.

AirTrunk SGP2 is a data center project in Singapore, operated by AirTrunk. It has closed its financing and construction has not been confirmed. The only published capacity figure is 70 MW of total facility power. IT load will be lower.

Latest change on record: entered the record as financing closed on 18 August 2025.

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Stage
Financing closed
Planned IT load
70 MW
Total facility power
Running now
Not disclosed
Operator
AirTrunk
Colocation
AI workloads
Likely
Evidence grade
Corroborated
Will it get built?Open question3 of 7 gates passed
○ Land secured✓ Power arranged○ Approvals granted✓ Money committed✓ Tenant or own use○ Builder appointed○ Construction started

Next gate to watch: Land secured.

Your call. Will it be built?

Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.

How Singapore approves, powers and taxes data centers is on Data center rules in Singapore.

How well evidenced is it

Construction or financing is evidenced, or several independent signals agree. On record: named funder, disclosed client (reported), committed or approved capital, three or more sources, dated source in the last 24 months. Criteria.

AI workloads

StatusLikely

ByteDance consortium; modern build

Access to AI chips

GradeLicence required for a party

A party to this project (its operator, that operator's group, a funder, or a confirmed client) is headquartered in China or Macau or has an ultimate parent there. US rules require a licence for advanced AI chips destined to such entities wherever they are located. This describes the rule and says nothing about whether a licence was sought, granted or refused. Criteria.

No US destination-based licence requirement as enforced · No US destination-based licence requirement as enforced (2026-09-27) source

Phases

Phase 1 (DC-CFA award ~20MW) · Under construction20 MW

Stage history

2025-08-18Financing closed · airtrunk.com

Who is behind it

OperatorAirTrunk · Colocation
Funder, EquityBlackstone
Funder, EquityCPP Investments
Funder, Joint venture partnerByteDance
Funder, DebtBank syndicate (20+ banks)

Who uses the compute

Tenant · hyperscalerByteDance · reported, unconfirmed

DC-CFA consortium partner on AirTrunk's second Singapore build; occupancy share not stated · as of 2023-07-14

IMDA's press release names 'AirTrunk-ByteDance (Consortium)' as one of four DC-CFA awardees; AirTrunk's only new Singapore facility since is SGP2 (Loyang, 70MW+, S$2.2bn green loan, Forbes 20 Aug 2025). No document names ByteDance as SGP2's occupier, and Capacity (3 Apr 2025) describes the anchor only as 'a major US client', so the tenant link stays reported.

Source · 4 Proposals Selected from Data Centre Application (IMDA, 2023-07-14)

Source · Blackstone-backed AirTrunk gets $1.8 billion loan to build second data centre (Forbes Australia, 2025-08-20)

Money at this site

Debt raised, 2025-08S$2,250m (about US$1.8bn)

This is the size of a loan. ArusGrid excludes it from capital spending totals.

Platform deals that include it

Blackstone/CPP acquisition of AirTrunk
Platform acquisition, 2024-09US$16.1bn

Platform capital spans several sites. It is never added to this project's own figure.

Colocation price per kW of IT load per month

ArusGrid estimate, grade CUSD 261 to USD 373

ArusGrid estimate, grade C. Published band for this country. Priced on the hyperscale band, which already reflects anchor deals. No usable capex for this site. Electricity excluded in the band. An estimate, never a quote, computed by fixed rules published on the Colo prices page and never counted in any total.

market band, hyperscale (2024-12)USD 261 to USD 373 datacenterHawk for NTT DC REIT, 2025-07-07
Power supply
Grid supply66kV Confirmed source ↗
Diverse 66kV feeds; design PUE 1.20
Water and cooling
Coolingdesign PUE 1.2 Confirmed source ↗
Design PUE 1.20 with a Green Mark Platinum target. Cooling type not stated.

Sources

  1. forbes.com
  2. imda.gov.sg
  3. baxtel.com
  4. AirTrunk secures landmark S$2.25 billion green loan, advancing Singapore’s role as Asia’s green finance hub (AirTrunk, 2025-08-18)
  5. Landmark green loan for AirTrunk SGP2 data centre (Standard Chartered, 2026-03-31)
  6. SGP2 Singapore | AirTrunk (AirTrunk, 2026-04-14)
  7. AirTrunk opens new Singapore base for Asia AI growth (IT Brief Australia, 2026-03-16)
  8. AirTrunk secures landmark S$2.25 billion green loan, advancing Singapore's role as Asia's green finance hub (AirTrunk, 2025-08-18)

Same campus, AirTrunk Loyang

More in Singapore

Also run by AirTrunk

All projects in Singapore · All projects in Singapore · All AirTrunk projects · All projects past financial close · Data center rules in Singapore · Full directory

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