Last updated: March 2024
Key Takeaways:
- Storage space in Singapore ranges from $3.50 to $5.00 per square foot.
- Factors affecting cost include size, services included, and rental duration.
- Spaceship Storage offers competitive rates starting at $1,355.60 for six months.
Introduction:
Looking for storage space in Singapore? Whether you're moving, renovating, or need extra room for business inventory, finding the right storage solution at the right price is crucial. This guide provides insight into the costs and options available, helping you make an informed decision for your storage needs.
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Q: What is the cost of renting storage space in Singapore?
A: Renting storage space in Singapore typically costs between $3.50 and $5.00 per square foot per month. Prices vary based on unit size, location, amenities, and rental term. Spaceship Storage offers some of the most competitive rates, with six-month rentals starting at $1,355.60.
Here are some of our top picks on:
- If you are leaving Singapore for a period of time, planning some home renovations, or are you a business owner that needs more room to keep stock and/or goods?
What can you use storage space for?
Storage space can be used to store a wide variety of items, from household goods and personal belongings to business inventory and equipment. Here are some common uses for storage space:
- Household storage: Storage space can be used to store seasonal items, such as holiday decorations, winter clothing, and sports equipment. It can also be used to store excess furniture, appliances, and other household goods.
- Business storage: Storage space can be used to store business inventory, equipment, and supplies. This can be particularly useful for small businesses that don't have enough space on their premises.
- Vehicle storage: Storage space can be used to store vehicles, such as cars, boats, and RVs. This can be useful for people who don't have enough space to store their vehicles at home.
- Document storage: Storage space can be used to store important documents, such as tax records, legal documents, and business paperwork. This can be particularly useful for businesses that need to keep records for a certain period of time.
- Moving and relocation: Storage space can be used to store items during a move or relocation. This can be useful for people who are downsizing, renovating, or waiting for their new home to be ready.
Overall, storage space can be used for a wide variety of purposes, depending on your needs. It can provide a secure and convenient way to store items that you don't have space for at home or on your business premises.
How much does it cost to rent a space in Singapore?
Cost of Renting a Space in Singapore - Storage Space Price Singapore
Storage space rental rates in Singapore typically vary from $3.50 per square foot to $5.00 per square foot per month for spaces under 200 square feet, and from $2.80 per square foot to $4.00 per square foot per month for spaces between 200 and 400 square feet.
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How much do self storage units cost?
How much does it cost to rent a self storage unit? - Storage Space Price Singapore
Storage unit rental fees in Singapore range from $50 to $500 per week.
Also, the cost of renting storage space in Singapore is determined by a variety of factors.
You must consider the location of the storage facilities, the objects to be stored, the term of the lease, and, of course, the size of the unit.
Consider the following factors when calculating the price of a storage unit:
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Size of the unit
It is common knowledge that the larger the unit, the higher the rental rates.
You must still consider the goods that are meant to be stored within.
Before selecting a storage space, make an inventory of your belongings.
After you've finished your inventory, look into various storage containers and see if your items will fit.
Inclusive
Always specify what is included in the charge when requesting a quote.
Some storage facilities may charge a fee for administrative services.
Others supply bundles for all sorts of boxes and, as an added bonus, include items such as a complimentary padlock, packing tape, and other storage necessities.
If you're lucky, you could also stumble across those that provide extra services like pickup and delivery.
Type of storage unit
Storage units are classified into two types: basic and temperature-controlled.
The most basic are empty areas with no air conditioning, whilst more costly units employ HVAC systems to keep high humidity at bay.
Although they are more expensive than the basic unit, they are still worthwhile since they help maintain the quality of your furniture, electronics, and other goods.
Payment plan
Knowing how much rent you should pay is as crucial as knowing when you should pay it.
Some storage facilities may demand you to pay the first month's rent in advance.
Only then can you plan your payment for the following month, whether weekly or monthly.
To minimize future delays or annoyance, always seek for the most convenient way to make your payments.
Rental period
The period of renting a storage space is also a significant consideration when determining the cost of a unit.
If you are unsure how long you will need the storage unit, you might choose a flexible payment plan.
You save more money than with a full-service option since you get to select the facilities and services you want to continue using or not each month.
Which storage is cheapest in Singapore?
Cheap Storage Company in Singapore - Storage Space Price Singapore
Spaceship Storage ranked as the best and cheapest storage company in Singapore, with a rental rate of around $1,355.60 for a period of six months.
On the other hand, Spaceship is a 6-year-old storage business with more than 5 storage facilities in Singapore.
The services of Spaceship are used by over 10,000 people and businesses in the city.
Thus, according to Google reviews, Spaceship is also Singapore's top-rated storage provider.
To know more about Spaceship Storage, here is a quick breakdown of their rental pricing:
| Spaceship Storage price breakdown | Price (SGD) |
|---|---|
| Storage space - 6 months | $1,155.60 |
| Storage insurance - 6 months | $0.00 |
| Security deposit (refundable) | $200.00 |
| Admin fee | $0.00 |
| Total amount payable | $1,280.00 |
| Effective monthly cost PSF | $3.21 |
How much does a lock store cost?
In Singapore, Lock + Store is a one-stop self storage center that offers both short- and long-term storage options, as well as office space.
It usually relies on the size of the warehouse space in terms of price.
However, their prices begin at just S$1.50 per square foot.
Here is a brief price breakdown so you can learn more about how much it will cost to rent a storage unit from Lock + Store:
| Lock + Store price breakdown | Price (SGD) |
|---|---|
| Storage space - 6 months | $1,766.50 |
| Storage insurance - 6 months | $19.26 |
| Security deposit (refundable) | $560.00 |
| Admin fee | $50.00 |
| Total amount payable | $2,394.76 |
| Effective monthly cost PSF | $4.70 |
Should I get a storage unit?
Do you need a storage unit? - Storage Space Price Singapore
If you are seriously running out of space, renting a storage unit is a must.
As a matter of fact, self storage can be a short-term or long-term option for your storage needs.
It offers adaptable solutions for every space problem you may have, such as establishing a cost-effective closet, a room to launch an ecommerce business, a location to safeguard your furniture during renovations, and so on.
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Is it worth it to pay for storage?
Is it worth paying for storage? - Storage Space Price Singapore
Given such factors and your current situation, paying for a storage unit in Singapore might be worthwhile if, once again, you are running out of space and your belongings require a temporary huge area to be stored inside.
Thus, because it is designed for this purpose, it may also be used to store vintage items.
However, if you don't truly need much additional space for your belongings, renting a storage space may not be as cost-effective as you may assume.
Best Storage Spaces for Self-Storage in Singapore
Aside from Lock + Store and Spaceship Store, we will suggest more top 3 companies out of the more than 60 storage facilities and businesses in Singapore that you can think about renting from.
Rest assured that all of these businesses are reputable, well-known among Singaporeans, and, of course, liable companies.
1. Extra Space
Extra Space Asia - Storage Space Price Singapore
In Singapore, Extra Space offers 10 locations offering both entry-level and top-notch self-storage services.
You may get in touch with them by giving them a call, and their staff will take care of everything else, including packing, shipping, and storing your belongings.
Extra Space can be the best choice for you if you also value client feedback and testimonials when choosing a service provider.
Address: 301 Boon Keng Road Singapore 339779
Contact: +65 6771 3100
2. Mandarin Self Storage
Mandarin Self Storage - Storage Space Price Singapore
One of Singapore's most dependable self-storage companies is Mandarin.
They can meet all of your storage needs thanks to their more than 30 years of experience.
They specifically provide a free co-working area with cutting-edge amenities for the enterprises.
Whether you are a single client seeking for extra storage space or an employer trying to acquire some storage space.
Address: 10 Chia Ping Road, Singapore 619978
Contact: +65 6288 8677
3. BoxPark Pte Ltd
BoxPark - Storage Space Price Singapore
One of Singapore's top companies offering storage space is BoxPark.
Along with self-storage apartments, the business also provides mailbox services, co-working spaces, and work storage areas.
For its superior security system, simple transactions, and helpful customer support, BoxPark comes highly recommended.
Address: 506 Chai Chee Lane, #01-02, Singapore 469026
Contact: +65 6242 9191
Why do we need storage space?
Storage space is crucial in any workplace and household. It is necessary to store essential documents, equipment, and tools, in order to organize a work space and promote efficiency.
Moreover, storage can help preserve items in cases where physical copies are needed yet could otherwise be removed due to lack of space.
Storage also ensures that important files remain secure, promotes a neat, clean environment, and generally allows better control and organization over items in a designated space.
Proper storage enables individuals and organizations to streamline their processes and improve productivity.
What is the cheapest way to store stuff?
The cheapest way to store stuff depends on the type of items you need to store and how long you need to store them. Here are some options for cheap storage:
- Declutter and organize: Before considering storage options, it's a good idea to declutter and organize your belongings. This can help you identify items that you no longer need or use, which can reduce the amount of storage space you need.
- Use existing storage space: Look for existing storage space in your home or apartment, such as closets, cabinets, and under-bed storage. You can also use storage containers, such as plastic bins, to maximize the space you have.
- Rent a storage unit: Renting a storage unit can be a cost-effective option for long-term storage. Look for facilities that offer discounts for long-term rentals or have specials for new customers.
- Share storage space: If you only need to store a few items, you can consider sharing storage space with a friend or family member. This can be a cheaper option than renting a storage unit on your own.
- Use self-storage options: Self-storage options, such as PODS or U-Haul U-Box, can be a cost-effective option for storing items for a short period of time. These services typically offer portable storage containers that can be delivered to your home and picked up when you're ready.
Overall, the cheapest way to store stuff is to use existing storage space, declutter and organize, and consider sharing storage space with others. If you need to rent storage space, look for discounts, specials, and cost-effective options such as self-storage or portable storage containers.
Storage Space Price Singapore
If you're looking for storage in Singapore, you must decide if the leasing fees fit inside your spending limit.
You may be moving into a new house or you may be a business owner that needs additional storage space for excess inventory.
Whatever the reason, it's a given that you must take the price of electricity, water, and other utilities into account when renting a storage unit.
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