Summerset lifts third-quarter sales 10%

Summerset is on track to deliver more than 600 homes this year. (Image: Summerset)

Mon, 10 Oct 2022

Summerset said it sold 219 new and existing units in the September quarter, up 10% from 199 in the same quarter last year, although the 730 year-to-date total lags last year’s 744 for the same nine months.The retirement village operator sold 109 new units in the last three months, down from 117 in the year-earlier quarter, and resold 110 existing units, up from 82 previously.About 60% of sales in the latest quarter were outside of the main cities of Auckland, Wellington and Christchurch.Chief executive Scott Scoullar said demand for retir...

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