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Stamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
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Stamford Tyres is selling its commercial property at 455 MacPherson Road, Singapore, for S$12.5 million. The sale aims to unlock value and reinvest in core distribution businesses. Despite a slight revenue increase, Stamford reported an 84.7% profit drop for the financial year ending April 2025. The property, zoned for B1 light industrial use, may continue operations under new ownership. Stamford Tyres, with 14 retail outlets, faces rising costs due to higher freight charges and import duties. The company plans to reinvest in its retail network to remain competitive.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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