Framing A Memory

The story of how MYSAFEBOX began was at a dinner attended by its 4 friends. One of them, Mr Lau, took out a framed memento of a tie inherited from his father. There were 3 items inherited by Mr Lau, namely a ring, a Pagol watch and a tie. In the past these were normally kept in old biscuit tins underneath the bed. When Mr Lau came to Kuala Lumpur seeking better job prospects, there was a break-in and the other 2 mementoes were stolen, leaving behind only the tie. He felt extremely sad at the loss of these mementoes and even visited pawn shops in the city hoping to recover the 2 lost mementoes. He regretted not keeping these precious mementoes in a safe deposit box because they were located too far away from his house.

An Unfulfilled Wish

Another friend Mr Kooi did rent a safe deposit box in a bank but it was of no use to him. Mr Kooi’s grandfather was a soldier in the war and was awarded with a medal of bravery for putting his life on the line for the country. Before his grandfather passed away, he gave the medal of bravery to Mr Kooi’s father for safe-keeping. Mr Kooi’s father would constantly take out this medal to show him and relate the story of his grandfather’s exploits in the war. Therefore before moving to Kuala Lumpur, Mr Kooi’s father insisted on keeping this medal of bravery in a safe deposit box. After settling in Kuala Lumpur, Mr Kooi’s father had constantly asked him to take this medal out so he can take a look at it again but with his busy work schedule, Mr Kooi was unable to do so. Until one day when Mr Kooi’s father had a serious fall and was warded in the intensive care unit in the hospital, he reminded Mr Kooi of the matter.

Mr Kooi then rushed back to his hometown but was caught in a traffic jam and reached the bank too late as it was closed for the day. He had no choice but to go back to the hospital empty handed and told his father he would try again the next day. Unfortunately Mr Kooi’s father passed away that same night and he regretted not being able to fulfill his father last wish of seeing the medal again.

An Expensive Closet

William, a friend also had a story about safe deposit boxes. When he was in the house renovation business and doing a job for a well-known tycoon in the city, he discovered that the tycoon was building a strong room in the house. The tycoon felt that with this strong room and vault, he would be able to keep all his valuables and important items safely, just like in a safe deposit box, except that it will be in his own home. The vault was built with the latest technology using sophisticated security coding.

One day while he and his family were holidaying overseas, thieves broke into the tycoon’s house and saw the vault. They returned soon enough when the tycoon and his family came back from holidays and tied the entire family up. They threatened the tycoon, forced him to open the vault, where they took all his valuables and locked his family inside the vault. Luckily they managed to escape unharmed.

After that scary incident, the tycoon refused to keep any precious possessions inside the vault and even left it unlocked thereby turning it into an expensive clothes & wardrobe closet! He learnt his lesson that storing valuables at home can pose a big risk and danger. Now the tycoon keeps all his valuables in an external safe deposit box in the bank.

Convenience + Security = PEACE OF MIND

Mr Gan then suggested establishing a business to operate safe deposit boxes in a housing estate which will be opened 24 hours a day, 7 days a week, 365 days a year employing state-of-the-art surveillance technology and professional security systems.

Due to rising crime rates and the shortage of safe deposit boxes in banks, this was a once-in-a-lifetime business opportunity to provide peace of mind and convenience to users of this facility. Mr.Gan gave it much consideration and agreed to invest in the business. Thus the idea of MYSAFEBOX was nurtured and evolved into a new concept in business models.