New Zealand Rural Land Co's promoters started consulting ANZ Investments, the largest institutional investor in property stocks, about a year ago.
Mortgage advisers are reporting a slowing in inquiries which could reflect the reimposition of loan-to-valuation ratio restrictions.
Continued strong trading and winning contracts has made Steel & Tube's directors a little more positive about the outlook.
Summerset's chair of 10 years, Rob Campbell, will follow chief executive Julian Cook out the door next year.