Summerset 3rd-qtr sales of occupation rights fall 21% as new and resales drop

Wed, 04 Oct 2017

By Jonathan Underhill Oct. 5 (BusinessDesk) - Summerset Group's sales of occupation rights fell about 21 percent in the third quarter, with a decline in both resales and new sales, although it said some settlements will be recognised in the fourth quarter. The Wellington-based company had 155 sales of rights to occupy its units in the three months ended Sept. 30, down from 196 in the same period last year, it said in a statement. New Sales fell to 97 from 125 and resales fell to 58 from 71. "A large number of retirement unit deliveries...

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