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Tiny Apartments Fuel Self-Storage Boom in Crowded Hong Kong

By Tony Seruga

City’s residents rent units to store non-essential belongings
Blackstone entered market in 2015, buying MiniCo Self-Storage

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People often complain about Hong Kong’s notoriously tiny apartments, but for investors like Blackstone Group LP, opportunity can be found in small places.

Welcome to the world of self storage.

The majority of Hong Kong’s 7.4 million residents live in cramped homes with limited space for clothes, shoes, books, sports gear and other items. So there’s a desire to find somewhere else to store non-essential belongings…

Tiny Apartments Fuel Self-Storage Boom in Crowded Hong Kong

Categories : Real Estate

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