Storage space demand spikes amid home renovation delays, rise in overseas travel and consumer spending

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Commodities sales manager Ong Aik Poh was supposed to move into his new flat in Tampines in the first quarter of 2023, but the flat’s renovation will be completed only at the end of the year due to manpower shortage. As a result, Mr Ong, 40, who has sold his current flat,...

Mr Ong, whose sofa, writing desk, chairs and a king-sized bed, among other items, are now with the storage provider, said he expects to spend at least $3,000 on storage.

The couple and their five-year-old son had been staying in a rental unit while waiting for their new home to be ready. She added: “As my contractor has not provided an estimate of how long the renovation delay will be, I don’t know how long I will have to store my furniture for.”Dr Mabel Yap, 62, also has furniture stored with Lock+Store as the renovation of her current flat is held up. She believes that the delay will not extend beyond the end of Chinese New Year festivities.

Demand for storage space is also going up with more people travelling overseas as international borders reopen. Items stored include winterwear and luggage, said Work+Store’s Mr Wong.

 

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