Smaller homes, bigger business for self-storage in Hong Kong

Market dynamics are paving the way for self-storage operators like RedBox Storage to emerge, paving a new way of living.
Market dynamics are paving the way for self-storage operators like RedBox Storage to emerge, paving a new way of living.PHOTO: INFRARED NF
Market dynamics are paving the way for self-storage operators like RedBox Storage to emerge, paving a new way of living.
Market dynamics are paving the way for self-storage operators like RedBox Storage to emerge, paving a new way of living.PHOTO: INFRARED NF

HONG KONG - Soaring property prices and shrinking homes in Hong Kong may have triggered constant debate in the city, but they have also generated business for self-storage operators.

The number of self-storage facilities grew by more than 40 per cent from 2013 to more than 400 last year, say industry players. And the number of operators almost doubled last year from 60 in 2013.

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