Summerset records highest number of resale settlements in a quarter

(Image: Summerset)

Tue, 11 Jul 2023

Listed-retirement village operator, Summerset Group, has recorded the highest-ever number of resale settlements in a quarter. Summerset reported 273 sales for the three months to the end of June with 126 new sales and 147 resales. In the first half of 2023, it achieved 483 settlements.Chief executive Scott Scoullar said the result shows demand for the company’s retirement living offering remained strong.That’s despite a period of tough property market conditions, which now appeared to be easing, he said.Uncontracted new sa...

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