How big is the Singapore Self-Storage Market?

The Singapore Self-Storage Market size is expected to reach 2.93 million square feet in 2024 and grow at a CAGR of 6.30% to reach 3.99 million square feet by 2029. Read More

What is the current Singapore Self-Storage Market size?

In 2024, the Singapore Self-Storage Market size is expected to reach 2.93 million square feet. Read More

Who are the key players in Singapore Self-Storage Market?

Store Friendly Management Pte Ltd, Spaceship Singapore (Astore Pte. Ltd.), StorHub Self Storage, Store Room Pte Limited and Work+Store (Work Plus Store Pte Ltd) are the major companies operating in the Singapore Self-Storage Market. Read More

What years does this Singapore Self-Storage Market cover, and what was the market size in 2023?

In 2023, the Singapore Self-Storage Market size was estimated at 2.76 million square feet. The report covers the Singapore Self-Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Self-Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Self Storage Market in Singapore

Self Storage Market in Singapore Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Singapore Self Storage Market Facilities and it is Segmented by Type (Personal, Business), By Ownership Type (Self-Owned, Fully Leased, Hybrid). The market size and forecasts are provided in terms of the number of facilities and total lettable area for all the above segments.

Singapore Self Storage Industry Overview

Singapore's self-storage market is moderately competitive and consists of many global and regional players. These players account for a considerable market share and focus on expanding their client base globally. To remain competitive during the forecast period, these companies will invest in R&D, strategic alliances, and other organic and inorganic growth strategies.

In May 2022, US REIT, a US-based REIT interested in self-storage and grocery-anchored retail locations, announced an IPO on the Singapore stock exchange. The company's portfolio of 22 properties totals 3.17 million square feet. It is sponsored by UOB Global Capital LLC, a Singapore-based asset management firm, and Hampshire Cos. LLC, a US real estate investment corporation. Additionally, it has four self-storage operating offices and more than 15 shopping centers.

In March 2022, StorHub Self Storage announced the opening of two additional self-storage facilities in Jurong East and Serangoon. The inclusion of these newly opened facilities brings self-storage to new neighborhoods to serve the community. The self-storage company now has a total of 13 StorHub storage facilities that are easily accessible to residents all around Singapore.