BDx Data Centers announced on May 13, 2025, that it has secured financing for its first hyperscale data center in Hong Kong.

The funding was provided by Clifford Capital, United Overseas Bank, and Sumitomo Mitsui Banking Corporation.

The data center will be located in Kwai Chung, marking BDx’s entry into the Hong Kong market.

This is the company’s third project financing facility, following previous loans in Singapore and Indonesia.

🔗 Source: Reuters

🧠 Food for thought

1️⃣ Hong Kong cements position as Asia’s strategic data gateway despite regional competition

BDx’s investment in Kwai Chung signals confidence in Hong Kong’s enduring strength as a connectivity hub for the Asia-Pacific region, despite growing competition from neighboring markets.

Hong Kong currently hosts 53 existing data centers with 13 more facilities in development, demonstrating continued infrastructure expansion in a mature market 1.

The territory’s data center market is projected to grow from $2.1 billion in 2024 to $3.5 billion by 2029, achieving a compound annual growth rate of 10% despite its limited geographical size 2.

Premium facilities dominate the landscape, with Tier 4 data centers maintaining an impressive 83% occupancy rate, reflecting sustained demand for high-reliability infrastructure in this financial hub 3.

Hong Kong’s strategic advantage lies in its role as a submarine cable aggregation point, making it crucial for internet traffic routing throughout the APAC region and valuable for companies requiring connectivity between mainland China and global markets 2.

2️⃣ Project financing becomes mainstream for Asia’s data center expansion

BDx’s financing arrangement with Clifford Capital, UOB, and SMBC represents a significant trend: specialized infrastructure lending is increasingly flowing into data center development across Asia.

This marks BDx’s third project financing facility after similar arrangements in Singapore and Indonesia, indicating growing banker comfort with data centers as a distinct infrastructure asset class worthy of dedicated financing structures [original article].

The participation of lenders from multiple countries (Singapore and Japan) demonstrates how data center funding has become regionally diversified, tapping into financial institutions with varied risk appetites and market perspectives.