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Sales at self-storage firms in Singapore stall amid lockdown

But long-term outlook for the industry remains promising

Nisha Ramchandani

Published Sun, May 24, 2020 · 09:50 PM

StoreHub

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."

Queries came from individuals shifting house and from small business…