Storage players see rising demand for space, but high land costs hinder expansion
Singapore’s self-storage industry is fast running out of room, as demand for space from e-commerce businesses and individuals continues to surge. While recent moves to boost land supply have offered some relief, industry players say rising costs are throwing a wrench in their expansion plans.
Singapore’s self-storage industry is fast running out of room, as demand for space from e-commerce businesses and individuals continues to surge. While recent moves to boost land supply have offered some relief, industry players say rising costs are throwing a wrench in their expansion plans.