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Sales at self-storage firms in Singapore stall amid lockdown

But long-term outlook for the industry remains promising

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Lock+Store CEO Helen Ng says that self-storage has become a need more than a want for some people as living spaces shrink. "Small businesses affected by the shut-down have become wary of lengthy lock-in tenancy periods and are actively looking for storage and office space offering flexible terms."

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...

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