Land & Homes Group Ltd. (AU:LHM) has released an update.
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Land & Homes Group Ltd. has scaled back costs by closing its Barry Parade project’s sales office, as it reevaluates the project’s feasibility amid persistent high production costs and finance-related fixed expenses. Despite the cost pressures, the company remains optimistic due to Brisbane’s positive long-term economic outlook, strong population growth, and housing shortages. A decision on the future of the project, which targets national and local markets, is expected in the current quarter, with shareholders to be updated accordingly.
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