“The acquisition will increase General Storage Company’s presence across Singapore, making us the self-storage provider with the most number of facilities here (15). Customers of Store Friendly, especially those operating e-commerce businesses, will benefit from our value-added services such as parcel delivery,” noted GSC’s Group CEO Helen Ng.
Read more here.
Featuring Lock+Store Chai Chee in Jonathan Meur’s first-ever music video “Toy Hearts”!
Ms Helen Ng, CEO of Lock+Store
Asia’s foremost industry body for the business of self- storage, Self-Storage Association Asia, hosted their first Self Storage Expo Asia 2015 in Tokyo, Japan from May 13-15, 2015. Global guests and speakers united to share their extensive knowledge about today’s most lucrative alternative investment in the region most poised for opportunity and growth.
The topics were Asia-focused, taking into account what the industry has learnt about self- storage growth in other parts of the world and what obstacles countries in Asia may face. Special emphasis was given to the Singapore and Hong Kong markets on which Lock+Store CEO Helen Ng spoke.
Ms Ng who is also the Deputy Chair of the SSAA said, “This is an exciting period with tremendous growth opportunities for self-storage in Asia. Land scarcity coupled with rising affluence and a strong demand base comprising middle-income families, a sizeable expat population and thriving SMEs (Small and Medium Enterprises) will fuel the demand for self-storage services in key markets like Singapore and Hong Kong. Currently the penetration rate is only about 0.3 sf/person in both countries, which is significantly lower than that in more established markets such as the US and Australia. There is much room for growth. The Expo is positive for the healthy and strong growth of the industry and community, and provides a dynamic platform for industry players to get up-to-date information, business opportunities and network under one roof.”
The opportunity to learn and grow was a big theme throughout the three days. “The numbers speak for themselves and yes, the industry in Asia is teeming with opportunities for suppliers and facility owners. While Singapore may not reach 7.8 sf/person of self storage like in the US, the amalgamation of a consumer driven society and continually smaller apartments – as well as only 0.3 sf/person of self storage – means that Singapore and Hong Kong, and the rest of Asia for that matter, is poised for growth in this industry,” Ms Ng emphasised.
You may have read about our Serangoon North storer Irene Chan in today’s Sunday Times. She stores her art collection with us. The monthly rate quoted is our rack/shelf rate. Call us at 1800-3703737 for substantial discounts, depending on the duration of your storage.
Photo by Arthur Lee, Singapore Press Holdings
Lock+Store will open its first-ever facility in Malaysia by end September 2014. In this interview with the Business Times, Lock+Store’s CEO Helen Ng shares her plans to export the Lock+Store management model regionally.
Lock+Store’s CEO Helen Ng participated in the Budget Forum recording at MediaCorp yesterday, and gave her feedback from an SME’s perspective. The Budget Forum in Mandarin will be aired on Channel 8 on Thursday, 27 Feb 2014 at 10.30pm. Click here for more information.