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Work+Store to expand as demand for space grows and evolves

Samantha Chiew
Samantha Chiew • 11 min read
Work+Store to expand as demand for space grows and evolves
In Singapore’s warm and humid weather, demand for air-conditioned space is heating up. Work+Store CEO Danny Wong says air-conditioned storage can command a 20% to 30% rent premium over a regular unit. Photo: Albert Chua/The Edge Singapore
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Post-Coliwoo listing, LHN Group is in a stronger position to allocate resources across its portfolio, including initiatives for its self-storage subsidiary Work+Store

Space in Singapore is a rare commodity, whether in the residential or industrial sector. This scarcity has long driven demand for storage, but the market has since evolved beyond the simple offer of four walls and a lock.

Even as homes get smaller, lifestyles are getting more asset-heavy, and businesses are becoming more fragmented. Singaporeans are no longer only looking for a place to park large furniture during a move or renovation; they are also paying for better environmental control, shorter lease terms and locations that fit how they live and work.

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