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Tiny apartments fuel self-storage boom in crowded Hong Kong

Global Markets

Tiny apartments fuel self-storage boom in crowded Hong Kong

Bloomberg Published on Wed, Jul 12, 2017 / 8:16 AM GMT+8

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HONG KONG (July 12): 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.

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