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

SINGAPORE - 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, is storing its contents with storage service provider Lock+Store.

He will be moving in with his parents-in-law while waiting for his new flat to be completed.

There has been a 20 per cent spike in enquiries for storage services in the last three months, according to storage space provider Work+Store.

Delays in flat renovation are one of the reasons for this rise in demand, said Work+Store chief executive Danny Wong.

“This is even more evident in the last few months as property transactions have increased, and we have received a 50 per cent rise in enquiries from people who are looking to store their furniture due to such delays,” he added.

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.

“It’s quite inevitable that you will have to store your items elsewhere as the process between selling your current house and receiving the keys to your new house could be between eight to 12 weeks,” said Mr Ong, who is married and has two children.

“And you don’t know how long you’ll need to find the right buyer and decide on the selling price.”

A housewife who wants to be known as only Ms Kathleen also turned to storage services in December 2022 amid her frustration over renovation delays.

Ms Kathleen, 42, and her husband had bought a landed property and its renovation was supposed to be completed in November 2022.

The couple and their five-year-old son had been staying in a rental unit while waiting for their new home to be ready.

“However, after constant delays from our contractor, our new place is still not complete and our rental unit’s lease was up. So we had to move out and store our furniture with a storage provider,” said Ms Kathleen.

Her furniture and other large items such as a refrigerator and washing machine are now kept with Lock+Store, and the family is now staying at a relative’s place.

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.”

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