New villages push Summerset sales to record

By Paul McBeth | Fri, 10 Jan 2020


Summerset Group reported record quarterly sales as recently opened villages bolstered demand for newly built units while resales remained strong. The retirement village operator and developer sold 209 occupation rights in the December quarter, up from 193 a year earlier. Of that, new sales increased 3.6 percent to 116 and resales were up 14.8 percent at 91.Chief executive Julian Cook said recently opened villages in Christchurch’s Avonhead, Richmond in Nelson and Kenepuru near Wellington supported sales.“We welcomed our first residents to...