Summerset quarterly sales drop 18% from record a year earlier

Thu, 06 Jul 2017

By Paul McBeth July 7 (BusinessDesk) - Summerset Group posted an 18 percent drop in second-quarter sales from a record year-earlier period although the retirement village operator and developer says its building programme is set to deliver more units later in the year. Wellington-based Summerset sold 152 occupation rights agreements in the three months ended June 30, down from 185 a year earlier, it said in a statement. Of that, new sales dropped 24 percent to 82, the fewest since the first quarter of 2016, while resales slipped 9 percen...

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