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Self-storage business in Asia 'set to grow'

Rising incomes will drive demand for space, says Extra Space Asia CEO.
Monday, October 5, 2015 - 05:50

"Prices have gone up 30 per cent in terms of valuation of the buildings, so it cost us 30 per cent less had we started the business today." - Extra Space Asia CEO Kenneth Worsdale (above)

IT may come across as a little ironic that people or businesses are keeping their collections and goods in huge self-storage facilities, away from their homes and restaurants, when land in Singapore is scarce and property prices are skyrocketing.

But this scarcity will drive demand for

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