18 May '17, 4am

Latest from Self-Storage Expo Asia: Shrinking apartment sizes top driver of self-storage demand in Asia:

Shrinking apartment sizes emerged as the top driver of self-storage demand in Asia, revealed a survey by Ipsos Business Consulting. Presented at Self-Storage Expo Asia 2017, the survey polled 49 operators within six countries in Asia in collaboration with the Self-Storage Association Asia (SSAA). Notably, 90 percent of the self-storage operators indicated shrinking apartment sizes as the main driver of self-storage demand. The survey mirrors a Knight Frank survey on the state of the self-storage industry in Singapore. The consultancy’s survey found smaller homes to be the top reason Singapore families use self-storage facilities, followed by a new addition to the family and renovation works. “As apartment sizes shrink, individuals are turning to self-storage as a cost-effective solution for storing possessions they do not wish to discard,” said SSAA chair Helen Ng. And giv...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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