Sales at self-storage firms in Singapore stall amid lockdown
But long-term outlook for the industry remains promising
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Nisha Ramchandani
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."
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