4Q21 Metrics - Sales of Occupation Rights

Mon, 10 Jan 2022

Summerset Group has reported record sales for 2021 with 978 sales up 25% on FY20, despite ongoing COVID-19 interruptions.

Q4 saw strong sales with 234 transactions, 121 of which were new sales.

63% of uncontracted new sales stock is made up of the final independent living apartments at Ellerslie, Auckland and serviced apartments around the country, with 58% of new deliveries presold for 2022.

Construction is underway at four new sites in Milldale (Auckland), Blenheim (Marlborough), Cambridge (Waikato), and Waikanae (Kapiti Coast), as well as 13 other sites around New Zealand and the building of the first Australian units in Cranbourne North (Melbourne).