On a related note, in the last 1 to 2 years there has already begun a shift in terms of multi-national investment in APAC
outside of Singapore.
Singapore used to be the obvious location for MNC offices in APAC. Especially since Hong Kong's return to China, Singapore has benefited and see an increase in head offices and employment.
However, over the last couple of decades surrounding countries have improved significantly. Malaysia, Indonesia, Thailand to name a few. Layer on top the ever increasing cost of living in Singapore and the latest trend is MNCs moving their offices outside of Singapore.
The benefit is a lower cost of operation including office rent and employee wages and it will be interesting to see how the trend continues. Not sure if that will help the process of locating datacenters in those countries as well, I guess we'll see.