This marks the first sale of a high-tier data centre in the newly zoned Data Facility Cluster at Sandy Ridge in the Northern Metropolis.
Insight
06 March 2026
Sandy Ridge data centre site sold for HKD 581 million
Categories:
- This acquisition marks Runze Intelligent Computing Technology Group’s entry into Hong Kong.
- The group plans to invest HKD 23.8 billion from construction through the first three years of operation to boost the city’s computing power 36-fold, requiring around 220 MW.
- As proposed in the Policy Address 2023, Sandy Ridge was rezoned to Innovation and Technology area to accommodate the accelerating development of digitalization and the use of AI.
- The tender for Sandy Ridge has adopted the two-envelope approach, where applicants are required to submit both a non-premium proposal (70% of total assessment) and a premium proposal.