Sales at self-storage firms in Singapore stall amid lockdown
But long-term outlook for the industry remains promising
Singapore
SALES for some self-storage operators have tumbled sharply amid lockdown measures imposed in Singapore.
Helen Ng, chief executive of Singapore Post's subsidiary, Lock+Store, said: "Since the implementation of the 'circuit breaker' measures we have seen a reduction of more than 50 per cent in the volume of queries regarding self-storage. Most people are waiting for the circuit breaker measures to be lifted in June before committing to securing a storage unit. Actual sales have reduced by 90 per cent in this period."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Half of German housing construction firms short on orders
China’s housing mess finally hits Xi’s interest
A way to beat high mortgage rates is to take over someone else’s loan
With China’s property market struggling, India, South Korea and Vietnam are hot
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return: Knight Frank
Sony’s plans for Paramount include sale of famous studio lot