The demand for premises has made Hong Kong the most expensive place in the world to buy or rent commercial property. With space coming at such a premium, it is no wonder that banks are reducing, or at least not expanding, their safe deposit box services in Hong Kong. In fact, you are likely to see more and more “digital branches” replacing your traditional bank in the not too distant future.
As a result, according to an article in the South China Morning Post, the waiting list for safe deposit boxes at banks in Hong Kong can reach up to two to three years, with more than 100 people in the queue for each box.
Also, as we discussed in our post How Secure Are Your Valuables at Home?, safe deposit boxes at banks or other security companies do not cover the risk of transporting your valuables to and from the box. In addition, in many cases, you can only access your box during opening hours.
Is a home safe box the answer?
Though home safe boxes are readily available, in its guidelines on domestic security, the Hong Kong Police Force does not recommend keeping valuable items or large amounts of cash at home. This is understandable due to incidents such as in 2016 where the entire home safe box containing HK$5.9 million in jewellery and gold ornaments was stolen from a luxury home in a gated community in Yuen Long.
Home safe boxes do provide users with anytime access to their valuables, however, which is probably why people choose them. Also, there is no need to transport valuables from one place to another.
Why is a mobile safe the best solution?
As suggested by the police, valuables and large sums of money should not be kept at your home, at least not on a long-term basis. But what if you want easy access to these items? And what if you are uncomfortable travelling to and fro with your valuables? Well, this is where a mobile safe can help.
Guardforce Hong Kong’s award-winning Mobile Safe Service solves all the problems associated with safe deposit boxes and home safe boxes. This premium service offers the following benefits:
Learn more about the Mobile Safe Service
With safe deposit boxes in high demand and home safe boxes not being the recommended solution to store valuables, the Mobile Safe Service offers the best of both worlds – the security of a safe deposit box held at a bank, and the convenience of a home safe box.
To learn more about Guardforce’s Mobile Safe Service, download the brochure here.