THE self-storage sector in Beijing can expect better yields because urbanization serves as a catalyst for its growth potential, leading international real estate services provide JLL said.
Yields on self-storage facilities are potentially attractive compared to other traditional asset classes, according to a report released yesterday by the consultancy.
Landlords can expect yields of around 2 to 4 percent in Hong Kong and Taiwan, 5 to 7 percent in Tokyo and Singapore, 5 to 8 percent in Australia, and up to 8 percent or above in the Chinese mainland and India depending on location, access, quality and building facilities.
“Urbanization is an important driver for self-storage,” said Bob Tan, director of alternatives,
Beijing real estate markets at JLL. “Growing urban populations mean smaller and increasingly expensive living spaces in cities.”
--source from Shanghai Daily
