Company sells site to Singapore-based cloud firm Megaspeed
Malaysia real estate firm Crescendo Corporation has sold more land in Johor for a planned data center.
In a Bursa stock exchange announcement this week, Crescendo said its wholly-owned subsidiary, Crescendo Development Sdn. Bhd. last week entered into a conditional Sale and Purchase Agreement with MSFusion Sdn. Bhd (MSB) to sell just over 52 acres of land for RM 263.2m ($62.2m).
The land is located in the Bandar Cemerlang Industrial Park, in Kota Tinggi. The deal is set to be completed by the third quarter of 2026.
Acquired by the company in 2001, Crescendo noted the land “shall be used as [a] medium industry area to be used for [a] data center, constructed in accordance with the plans approved by the relevant local authority.”
Closing of the deal is dependent on MSB being granted with power allocation of 300MW from local utility TNB and getting planning approval for the planned data center.
MSB is a subsidiary of Megaspeed International Pte. Ltd., a company incorporated in Singapore. Though few details are available, Megaspeed describes itself as a cloud company, offering access to Nvidia GPU hardware. The company lists plans for three liquid-cooled data centers across Asia.
Founded in 1989, Crescendo is a publicly listed Malaysian property development firm. The company has previously sold land in Johor for data center development to STT GDC, Damac’s Edgnex, Digital Halo, Microsoft, and Yu Ao Sdn Bhd.
Located in Malaysia’s south, Johor is just across the border from Singapore.
Though Singapore is starting to ease restrictions around its ongoing moratorium on new data center developments, Johor has grown a sizeable data center market of its own as developments overspill from the city-state.
Other developers and operators in Johor include PDG, AirTrunk, Equinix, Keppel, ChinData's Bridge DC, and Yondr.
Source: DCD
