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First expo for Asia's self-storage industry

The regions leading industry body for the self-storage business, Self Storage Association Asia (SSAA), will host its first Self Storage Expo Asia 2015 from 13 to 15 May in Tokyo, Japan.

With the focus on Asia, global experts will look to share their knowledge on todays most lucrative alternative investment in the region that is poised to grow even more.

Special emphasis will be given to the Hong Kong and Singapore markets on which Helen Ng, Chief Executive Officer of Lock+Store will be speaking about.

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, said Ng, who also serves as deputy chair of SSAA.

She noted there is much room for growth as the current penetration rate in both countries stands at only 0.3 sq ft per person. This is significantly lower than more established markets such as Australia and the United States.

But while Singapore may not reach 7.8 sq ft/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 sq ft/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, she shared.

Aside from Lock+Store, other industry players are also expected to attend the three-day event including Store Friendly, Steel Storage, Cushman and Wakefield, Schneider Electric, CBRE, StorHub, IPSOS, and Ernst & Young.

The Expo will be positive for the healthy and strong growth of the industry and community, and provide a dynamic platform for industry players to get up-to-date information, business opportunities and network under one roof, added Ng.

More information about the event can be found at: http://bit.ly/1IbLgCx

 

Farah Wahida, Editor of PropertyGuru Malaysia, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my

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