When do people choose to use personal storage?
Issue: May 2017
Consider this. Your lovely new bride is moving in with you and she’s not so fond of your cosplay collection in the matrimonial room. Can’t leave your bride in the doorway? Or, your lovely wife has just announced success with Project Baby. And now you’ve got to relinquish that cosplay studio to start on Project Babyroom. Sound familiar?
Yes? These are just two easy reasons why we need self storage in Singapore!
Traditionally, it is very common in Asia for married couples to live with their parents and likewise in Singapore. According to a Ministry of National Development (MND) survey (2014), 35% of young married couples live with their parents not only while waiting for their Build-to-order (BTO) flats or because of budget constraints, living with one’s parents often solves child care issues as well. To alleviate this space crunch in the family home, it is not uncommon to see fishing rods, secondary school textbooks or your latex Spiderman suit placed in storage to make way for a new family member, be it a newly wedded spouse, a new baby or even a recently widowed parent.
Image credit: geekculture.co
Families waiting to move in to their BTO flats know only too well, the godsend self storage in Singapore is! Between 2011 and 2013, self storage in Singapore blossomed alongside the record number of new flats introduced. With these new developments, there was a rush for families to upgrade and self storage facilities quickly expanded with up to 90% occupancy rates. With cash-over-valuation soaring as well, sellers were more than willing to temporarily set aside part of their homes in self storage to cash in on the property high.
But it’s not only the locals who are using self storage in Singapore. When expatriates relocate to Singapore for work, they often bring their family and a container load of their entire home, only to find that the 1,000 sq. ft. condominium in Bukit Timah cannot hold all their belongings. Many expatriates use self storage in Singapore as an extension to their home and it makes sense to rent a small 25 sq. ft. unit that one can pay on a month to month basis. So if they need to relocate again, they are not tied down with lengthy contracts and can move on quickly with items in tow. With a high transient population of expatriates and overseas students, self storage in Singapore is set to be a staple in how people choose to organise their belongings.
As we transcend our various life journeys, we often hold onto material items that remind us of our preceded paths. But realistically, if you’re living in any urban city today, Singapore included, it is hard to hold on to every single memento from primary school trophies to super-hero costumes amid growing space constraints. From marriages to births, divorce and deaths, BTOs, relocation, lifestyle changes or simply the need for extra storage space, self storage in Singapore is a growing phenomenon that is here to stay. So why not give our Service Managers a ring today so that we may be a part of each other’s journeys? Because every closed door opens up to a new experience and at StorHub self storage, we have many doors!
Find out more about self storage here.