Also listed as AirTrunk SGP2 data center.
AirTrunk SGP2 is a data center project in Singapore, operated by AirTrunk. It has closed its financing and construction has not been confirmed. The only published capacity figure is 70 MW of total facility power. IT load will be lower.
Latest change on record: entered the record as financing closed on 18 August 2025. Record last checked against its sources on 21 October 2026.
Next gate to watch: Land secured.
Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.
How Singapore approves, powers and taxes data centers is on Data center rules in Singapore.
Singapore holds 39 active projects with 874 MW of planned IT load between them, and AirTrunk SGP2 ranks third by planned capacity. Of those, 27 are operational, 3 are operational and expanding, 3 are under construction, 1 is past financial close and 5 are announced only. Published colocation vacancy in Singapore was 4.9% as of December 2025, on 1,043 MW of operational colocation capacity as counted by Cushman & Wakefield. Vacancy excludes hyperscaler self-build.
AirTrunk has 1 other in Singapore and 10 projects elsewhere in the dataset tracked by ArusGrid, including AirTrunk SGP1. It sits on the AirTrunk Loyang campus alongside AirTrunk SGP1. Named funding comes from Blackstone and CPP Investments on the equity side and ByteDance. The named user of the compute is ByteDance (reported, unconfirmed).
The stage was recorded as past financial close on 18 August 2025. The money on record is S$2,250m (about US$1.8bn) as of August 2025, debt raised, which ArusGrid keeps out of capital totals.
Grid power for a large industrial user in Singapore costs about US$0.20 per kWh as of July 2026, the country figure ArusGrid applies where a site has no published rate. The US export control position for advanced AI chips in Singapore, as of 27 September 2026, is recorded as “No US destination-based licence requirement as enforced”. ArusGrid holds 5 public sources for this project, the latest dated 31 March 2026, and last checked the record on 21 October 2026.
Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.
ByteDance consortium; modern build
A party to this project (its operator, that operator's group, a funder, or a confirmed client) is headquartered in China or Macau or has an ultimate parent there. US rules require a licence for advanced AI chips destined to such entities wherever they are located. This describes the rule and says nothing about whether a licence was sought, granted or refused. Criteria are published on the Methodology page.
No US destination-based licence requirement as enforced · No US destination-based licence requirement as enforced (2026-09-27) source
DC-CFA consortium partner on AirTrunk's second Singapore build; occupancy share not stated · as of 2023-07-14
IMDA's press release names 'AirTrunk-ByteDance (Consortium)' as one of four DC-CFA awardees; AirTrunk's only new Singapore facility since is SGP2 (Loyang, 70MW+, S$2.2bn green loan, Forbes 20 Aug 2025). No document names ByteDance as SGP2's occupier, and Capacity (3 Apr 2025) describes the anchor only as 'a major US client', so the tenant link stays reported.
Source · 4 Proposals Selected from Data Centre Application (IMDA, 2023-07-14)
Source · Blackstone-backed AirTrunk gets $1.8 billion loan to build second data centre (Forbes Australia, 2025-08-20)
This is the size of a loan. ArusGrid excludes it from capital spending totals.
Platform capital spans several sites. It is never added to this project's own figure.
ArusGrid estimate, grade C. Published band for this country. Priced on the hyperscale band, which already reflects anchor deals. No usable capex for this site. Electricity excluded in the band. An estimate, never a quote, computed by fixed rules published on the Colo prices page and never counted in any total.
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