Summerset third-quarter sales lift 21% as Wigram village attracts new residents

Tue, 04 Oct 2016

By Paul McBeth Oct. 5 (BusinessDesk) - Summerset Group lifted third-quarter sales 21 percent from a year earlier as the opening of the main building at the retirement village's Wigram site in Christchurch attracted new residents. Sales of occupation rights rose to 196 in the three months ended Sept. 30 from 162 a year earlier, the Wellington-based company said in a statement. Of that, new sales jumped 48 percent to 125, while resales fell 10 percent to 71. "The past nine months has seen good growth for Summerset and strong demand for...

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