Summerset Group 1st-qtr occupation right sales rise 20 percent vs. 4th-qtr

Thu, 04 Apr 2013

April 5 (BusinessDesk) - Summerset Group, the retirement village operator and developer whose shares have climbed 78 percent in the past 12 months, said sales of occupation rights to its units rose by a fifth in the first quarter from the fourth quarter of last year. Sales of occupation rights rose to 89 units in the first quarter, made up of 64 new sales and 25 resales, from 74 in the final three months of 2012, the Wellington-based company said. Sales were down 1 from the 90 sold in the first quarter of last year, which was made up of 38 ne...

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