FEC has launched Safe Deposit Box Business “Far East Vault” in Hong Kong Intelligent Security Technologies Satisfy Different Demands for Safe Deposit Box

(6 October 2020 – Hong Kong) Far East Consortium International Limited (“FEC” or the “Group”) is pleased to announce the launch of its first private vault, Far East Vault (“FEV”). FEV introduces leadingedge intelligent security technologies to traditional safe deposit box services by combining physical and biometric identification such as facial recognition, palm vein scans and real-time QR code verification. FEV adheres to the highest standards of attentive and quality services of FEC, and customers can choose different levels of privacy when using the service. To ensure complete respect for privacy, customers are only required to present identification documents at registration and don’t need to disclose the contents of their boxes. VIP viewing rooms are available in the vault area and customers can view their possessions without CCTV surveillance. The intelligent lighting system inside the vault provides added convenience for visiting customers. Full 24-hour security is provided by a team of experienced security guards on-site at the security control center.

The first site of FEV is conveniently located at approximately a 5-minute walk from the Tsuen Wan MTR station and is situated at the Group’s property. Customers can store valuables at FEV without the worry of relocation or eviction. To meet different requirements of customers, FEV provides approximately 4,500 safe deposit boxes with six different sizes. The rental charge for a safe deposit box starts at HK$218 per month. 

Mr. Chris HOONG, Managing Director of FEC said: “In recent years, the closure or downsizing of the safe deposit box business operated by major banks in Hong Kong has led to a shortage in the market. Customers generally have to wait for 5-7 years for a safe deposit box. FEV offers flexible and personalized safe deposit box services with leading-edge intelligent security technologies to cater to the market demand. We intend to expand our vaults network in several quality locations in Hong Kong, with Tsuen Wan as our first vault.”

 FEC has launched Safe Deposit Box Business “Far East Vault” in Hong Kong