Summerset's Q2 sales down 9.6%; says market stabilising

Sun, 07 Jul 2019

By Rebecca Howard July 8 (BusinessDesk) - Summerset Group’s second-quarter sales were down 9.6 percent from a year earlier, but the Wellington-based retirement village operator says property market sentiment has stabilised. Summerset said it sold 141 occupation rights in the three months to June 30, versus 156 in the same period a year earlier. Of those, 65 were new sales while resales numbered 76. In the same period a year earlier, 77 were new sales while 79 were resales. Summerset chief executive Julian Cook said total sales for t...

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