Arvida says average resale margin still pushing higher

Tue, 18 Sep 2018

By Rebecca Howard Sept. 18 (BusinessDesk) - Arvida Group said it is seeing no impact from changes in the housing market as its average resale margin continues to push higher. The retirement village operator said it had completed 136 sales of occupation rights agreements by the end of August, among both new stock from completed developments and the regular turnover of its units. Inventory remains low at 2 percent of existing units and Arvida said it is on track to deliver 111 new units in the current financial year to March 31. "We are...

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