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Strong household demand drives HK’s mini storage services

44% of operators expect rental and profit growth of 5% to 10% over the next years.

Hong Kong’s strong household demand is driving the growth of mini storage services as the household-to-business usage ratio has held steady at 76%:24% compared to last year, according to a JLL report.

Despite Hong Kong’s subdued economic growth outlook, 44% of operators expect rental and profit growth of 5% to 10% over the next three to five years.

Moreover, this contrasts with trends observed in Singapore, where business demand for self-storage services has surged by 14%, reflecting a shift in market dynamics.

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