Power appears to be sufficient for a new tenant, possibly a hyperscaler, other analysts suggest.
During Keppel DC REIT’s (KDC REIT) 1QFY2026 results briefing for analysts, the focus was on a specific asset, KDC Singapore 1 (KDC SGP 1) a property in Serangoon North Industrial Estate. The REIT’s 2025 annual report had indicated that the land lease for the KDC SGP 1 asset was extended by 30 years in 3Q2025, expiring on Sept 30, 2055.
According to a JP Morgan report dated April 16, plans for KDC SGP 1’s asset enhancement initiatives (AEI) are ongoing “with management describing the potential AEI as “transformational” rather than minor works”.
