You are here


Self-storage business in Asia 'set to grow'

Rising incomes will drive demand for space, says Extra Space Asia CEO.

"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...

Market voices on: