Self-Storage Expo Asia 2016 to Focus on E-commerce Boom in Asian Markets

Amid economic uncertainty in Asia, e-commerce has emerged as a key growth driver for the self-storage industry as households start cutting back on spending.  This and other key topics will be addressed at Self-Storage Expo Asia 2016, which will be hosted for the first time in Singapore. With rising affluence and rapid urbanisation in Asia, […]


e-commerce General Storage Company Pte. Ltd. Lock+Store Singapore and Malaysia Self-Storage Expo Asia 2016 SME Store Friendly Singapore The Store House Hong Kong


Amid economic uncertainty in Asia, e-commerce has emerged as a key growth driver for the self-storage industry as households start cutting back on spending.  This and other key topics will be addressed at Self-Storage Expo Asia 2016, which will be hosted for the first time in Singapore.

With rising affluence and rapid urbanisation in Asia, especially in developed markets like Hong Kong and Singapore, living and retail space now commands a premium.  The demand for storage space has also risen in tandem.  According to the latest statistics from Ipsos, the self-storage penetration rate in Hong Kong and Singapore is 25 percent and 20 percent respectively, double what it was a decade ago.  Malaysia is also rapidly becoming a key market.  With a penetration rate of less than 10 percent, there is much room for the industry to grow and for established self-storage players to expand their footprint.



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