Hong Kong’s data centre ambitions face $3.2 billion funding test
This would mark one of the biggest loan financings in the city in 2026.
Hong Kong's data centre ambitions are facing a $3.2 billion funding test. The government launched a bid for a remote Sandy Ridge site as a high-tech data centre zone, but initially received no interest from local developers or major international operators. Range Intelligent Computing Technology Group, a mainland Chinese firm, eventually made a single bid of HK$24 billion (S$3.9 billion).
The company is seeking around HK$20 billion in loan financing, making it one of the largest in Hong Kong in 2026. This financing is a test case for Hong Kong's goal to become a data centre hub, which is expected to double its live capacity to over 1,100 megawatts by 2030. However, North American investors are pulling back, favoring data centres managed by large US hyperscalers.
The Sandy Ridge project could generate significant economic output for Hong Kong, with the University of Hong Kong and MTR also planning developments in the area.
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