Summerset Groups 1Q sales dip 4.2% on year

Thu, 04 Apr 2019

By Rebecca Howard April 5 (BusinessDesk) - Summerset Group's first quarter sales dipped 4.2 percent and the Wellington-based retirement village operator and developer says it is beginning to see some impact from a slowing property market in Auckland and Christchurch. Summerset said it sold 137 occupation rights in the three months to March 31 versus 143 in the same period a year earlier. Of those, 71 were new sales, up 4.4 on the year. Resales were down 12 percent at 66, it said. Summerset chief executive Julian Cook said that sales a...

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