Singapore Telecommunications (Singtel) has announced plans to build a SG$400 million ($282.63 million) Tier 3-Plus data center, in what it's touting to be its "biggest" investment in the country.

Located in the southwest area of Jurong, the new facility will span a gross floor area of 570,000 square feet and is expected to be completed in third-quarter 2016, said Singtel in a statement on Thursday

The telco also highlighted an increasing demand for co-location and cloud services in Singapore. Singtel Group Enterprise CEO Bill Chang added that the data center was designed to meet the hosting needs of the financial services industry, government agencies, as well as cloud and internet service providers.

When operational, the facility would be able to host several services including cloud, smart applications, and different platforms for data analytics, Singtel said. It would be equipped with a power capacity of up to 36 megawatts, which the telco said was one of the highest power densities in the region, enabling customers to deploy and scale virtualization and blade servers more efficiently.

The data center also would feature an integrated climate control system and critical cooling system using Singapore-developed recycled water, NEWater.

The new facility would push Singtel's network of data centers in the Asia-Pacific region to 13, including nine in Singapore and two each in Australia and Hong Kong.