As the self-storage concept gains popularity among consumers, more facilities are springing up across the island to take advantage of this demand. With space constraints as well as the rising cost of home and office space a top concern of many consumers in Singapore, more and more are turning to self-storage to combat the challenge of managing the spaces they occupy. Consumers look into the self-storage businesses as space solutions to declutter, organise and manage their treasured belongings into a cost-effective and secure storage alternative.
In this issue, we look into the self-storage industry to better understand the business concept, and its relevance to consumers. Self-storage spaces are generally fully-enclosed, and sizes can vary according to particular needs. Most storage spaces offer users the flexibility to occupy much larger spaces in the form of amalgamation units and double-deck storage units. The idea of self-storage is to allow users to lease a storage space and fully manage their stored items in a specialized facility. According to Colliers, “the search for additional or alternative storage space outside one’s home or office underscores the fundamental demand for self-storage space”. However, apart from users who need space for personal and household items, or for business products and documents, niche user groups are also on the rise, and are boosting the demand for self-storage facilities. Moreover, as the local self-storage industry develops, it also evolves over time, resulting in the expansion of services operators offer to meet the changing needs of customers. Some operators, like Lock+Store and Extra Space, offer wine storage cellars to cater to the specific requirements of wine dealers and collectors. In an interview with CommercialGuru, Ng said over 95 percent of the wine storage units at Lock+Store’s flagship facility in Chai Chee have already been taken up, and it plans to offer another wine storage space at their Tampines facility. Other operators provide features that complement their storage facilities, such as in-house serviced offices and courier services. LHN Group, better known as a real estate management services group, recently entered the self-storage business with Work + Store.

CapitaLand subsidiary StorHub is the largest self-storage operator in terms of size, with 11 facilities across the island.
As the awareness and understanding of self-storage increases among consumers and corporations in Singapore, current operators are expanding, and new players are entering the market to take advantage of the demand that is expected to grow even further in the future. While there are no official statistics on the self-storage business in Singapore, a recent report by PropertyGuru stated that there are 20 self-storage operators in the local market.
Asked if the rising competition poses a threat to their business, major players said the rise of new companies and the growth of other operators are forms of affirmation rather than intimidation. Work + Store concurred, saying that “healthy competition can help drive both new entrants and established players to go deeper into users’ needs, and innovate to provide them with a better experience (in self-storage)”.
Despite stiffer competition, analysts remain optimistic about the growth prospects of the self-storage industry in the city-state. Although the local self-storage space model is still in its budding stage of development, with just over a decade’s presence in Singapore, the industry has evolved into a flexible, cost-effective and secure storage alternative for users, where the offerings are beyond those of conventional warehouse spaces.
According to Colliers International, greater disposable income will allow more individuals to afford personal expenditures like clothes, shoes, household items and collectables. LHN Group’s industrial development Work+Store is a single six-storey block suitable for B1 light industrial, ancillary office and storage use.
Located in the east of Singapore, Work+Store has a modern facade and a functional layout that project a professional corporate image.
The property has a total gross floor area of 74,745 sq ft and a net lettable area of 52,560 sq ft. The property is easily accessible to commuters via major expressways such as the Kallang-Paya Lebar Expressway (KPE) and Pan-Island Expressway (PIE). Please Login and use the Contact User form to contact the advertiser directly instead of adding a comment below. Singapore Expats - The Leading Expatriate & Singapore Property PortalSingapore Property, Singapore guide on expat relocation, Singapore housing, living.

In Singapore, Colliers International estimates that the sizes to range from lockers of about nine sq ft up to large storage units of up to 530 sq ft — capable of housing massive business archives or the complete contents of a house. The concept is essentially a do-it-yourself style of storage management, wherein users can choose and control what, when, where, how and for how long they store their belongings, unlike with traditional warehouses. These spaces are kept at a constant temperature of between 23°C and 25°C — ideal for them storage of antiques, paintings, equipment and musical instruments. Though they cater to a more niche market segment, these storage cellars are becoming increasingly popular. This storage business offers work and storage spaces that cater mostly to the e-commerce business. StorHub is the largest in terms of size, with 11 facilities covering a gross floor area (GFA) of 1.4 million sq ft island-wide. This will add more facilities in new locations, lead to more innovative product and service offerings, and ensure that the rents of the self-storage units are kept competitive — all for the benefit of the end user,” it added. Units offered range from 50 sq ft to 350 sq ft, and can be accessed 24 hours a day, seven days a week. The following beautiful bed frame with storage and headboard is up for sale after 21 August 2015.
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The bed frame comes with generous drawers and the headboard with room for books, magazine files and holes for cables. It's ideal for small spaces and is functional bedroom furniture with storage in every piece.

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