Summerset 3Q sales flat as new sales grow, resales stall

Sun, 05 Oct 2014

By Paul McBeth Oct. 6 (BusinessDesk) - Summerset Group Holdings, the retirement village operator and developer, reported new sales for occupation rights in the third quarter rose 31 percent with strong sales at its new villages, while resales stalled due to limited stock. The Wellington-based company reported 99 sales of occupation rights in the three months ended Sept. 30 from 102 in the same quarter a year earlier. Of that, new sales rose to 68 from 52 a year earlier, while resales shrank to 31 from 50. Summerset's occupation rights for...

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