Summerset lifts annual sales 14%, 4Q new sales rise to record

Sun, 11 Jan 2015

By Suze Metherell Jan. 12 (BusinessDesk) - Summerset Group Holdings, the retirement village operator, lifted sales of annual occupation rights 14 percent last year, while its fourth quarter new sales rose to a record after opening four rest homes in the second half of 2014. Overall, there were 458 sales in the year ended Dec. 31, up from 402 a year earlier, the Wellington-based company said in a statement. New sales rose 25 percent to 286 while resales slipped to 172 from 174 a year earlier. In the last quarter of the year total sales ros...

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