Amcorp Global halts new projects in SG amidst cost pressure
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Amcorp Global Limited has decided to halt new property projects in Singapore due to low profit margins and inflationary cost pressures. The company cited higher interest rates since 2022 as a contributing factor. Moving forward, Amcorp will focus on selective projects with reasonable profit margins and shift its attention to the Baker Street project in London, UK.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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