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Keppel Data Centre Campus (KDC SGP7/8/9)

Singapore, Singapore · Singapore market

Keppel Data Centre Campus (KDC SGP7/8/9) is a data center project in Singapore, operated by Keppel Data Centres. It is operational and expanding. The operator has not published a capacity figure, and ArusGrid does not estimate one.

Latest change on record: entered the record as expanding on 30 July 2026.

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Stage
Expanding
Planned IT load
Not published
Running now
Not disclosed
Operator
Keppel Data Centres
Colocation
AI workloads
Confirmed
Evidence grade
Verified
Will it get built?Built7 of 7 gates passed
✓ Land secured✓ Power arranged✓ Approvals granted✓ Money committed✓ Tenant or own use✓ Builder appointed✓ Construction started

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

Running capacity. The site is operational or expanding. On record: named funder, disclosed client (confirmed), three or more sources, dated source in the last 24 months. Criteria.

AI workloads

StatusConfirmed

marketed AI-ready hyperscale (SGP7/8)

Access to AI chips

GradeNo US licence required

This country carries no US destination-based licence requirement for advanced AI chips as the rules are enforced today. Access is a commercial matter between the project and its vendors. Criteria.

Phases

KDC SGP7 · OperationalSize not published, target 2024
KDC SGP8 · OperationalSize not published, target 2024
KDC SGP9 · Under constructionSize not published

Stage history

2026-07-30Expanding · keppel.com

Who is behind it

OperatorKeppel Data Centres · Colocation
Funder, EquityKeppel DC REIT
Funder, EquityCuscaden Peak Investments

Who uses the compute

Tenant · hyperscalerUndisclosed global hyperscalers (SGP7 and SGP8, 100% contracted) · confirmed

100% of KDC SGP 7 and KDC SGP 8 contracted on colocation terms, WALE 3.9 and 5.0 years, contracts signed 2020 to 2022 · as of 2024-11-19

Keppel DC REIT's SGX transaction announcement for the acquisition of KDC SGP 7 and 8 states both are 100% contracted to 'well-established global hyperscale customers' on colocation contracts (4 and 3 customers), rents 15% to 20% below market. FY2025 results (2 Feb 2026) show both still 100% occupied with 4 clients each. No name is given in either document.

Source · Announcement: (1) The proposed acquisition of KDC SGP 7 and KDC SGP 8 (Keppel DC REIT via SGXNet, 2024-11-19)

Source · Second Half and Full Year 2025 Financial Results 30 January 2026 (Keppel DC REIT, 2026-01-30)

Platform deals that include it

Keppel DC REIT acquisition of SGP7/8
Platform acquisition, 2024-11
US$1.0bn

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

Colocation price per kW of IT load per month

Building facts on recordNo per kW figure

net property income S$94.6m a year, net property yield 9.1 percent on the S$1,030m agreed value, contracted rents 15 to 20 percent below market, no MW disclosed Electricity unstated. As of 2024-09. Keppel DC REIT Management, 2024-12-05

Keppel states no MW for any building, so no per kW figure can be published. On a directory figure of 38.7 MW the deal yield would imply about S$262 per kW per month, which is consistent with the circular's below-market statement, and is not published because a directory MW is not a source.

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
Project team
ArchitectAWP Pte Ltd · completed Confirmed source ↗
Keppel Data Centre Singapore 8
Cost consultant (quantity surveyor)Linesight Pte Limited · completed Confirmed source ↗
Keppel DC Singapore 8; listed as consultant, exact role not stated
Main contractorWoh Hup (Private) Limited · completed Confirmed source ↗
Keppel Data Centre Singapore 8, six-storey colocation DC
Land
LandlordJTC Corporation · S$350m (≈US$263m) · leasehold · Dec 2025 Confirmed source ↗
Covers KDC SGP 7 and SGP 8 only. Lease ran to 15 Jul 2040. A 10-year extension to 15 Jul 2050 received conditional approval for a S$350 million premium.

Sources

  1. keppel.com
  2. datacenterdynamics.com
  3. Keppel’s business update for 1Q 2026 (Keppel, 2026-04-23)
  4. 1H 2026 Financial Results 30 July 2026 (Keppel Ltd, 2026-07-30)
  5. Keppel to build third AI data center in mid-2026 (W.Media, 2026-04-24)
  6. 1H 2026 Financial Results (Keppel Ltd (SGX), 2026-07-30)
  7. Keppel DC REIT Key Business and Operational Updates for the Third Quarter of 2026 (Keppel DC REIT, 2026-10-23)

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