In addition to the geographical, demand, and infrastructure benefits of situating data centers in Hong Kong, the 2023 Cushman & Wakefield report also noted that Hong Kong’s favorable business tax structure may also serve to mitigate the high land prices.
Over the last decade, the government has implemented several measures to improve the supply of land for data centers. These include waiving fees for converting parts of eligible industrial buildings, accepting lease modifications for redeveloping industrial lots into high-tier data centers, and the sale of greenfield sites from the government.
One of the major contributors of land to data centers is the InnoParks of the Hong Kong Science and Technology Parks Corporation, which has supplied around 48 percent of land for data center development as of 2022.
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