Malaysian property development firm Crescendo Corporation has sold land in Johor to Microsoft.
In a Bursa stock exchange announcement this week, Crescendo said its Paranoramic Industrial Development subsidiary sold land totaling 22.548 acres in Pulai, Johor Bahru, for RM119.8 million ($27.3m).
The land is located in the Nusa Cemerlang Industrial Park. The deal is set to be completed by the second quarter of 2027.
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, and Yu Ao Sdn Bhd.
Crescendo previously sold land in Pulai to Microsoft in April 2024; selling a 102,560 sqm (1.1 million sq ft) plot for a cash consideration of RM132.5 ($27.9m).
Microsoft announced plans for a Malaysian Azure cloud region in Kuala Lumpur back in 2021; the region is still listed as “coming soon” on the company’s website.
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.
Microsoft opened its Singapore Azure cloud region in 2010; the region has three availability zones. The company was selected as one of four companies granted permission to build new data center capacity in Singapore in 2023.
