Retirement village developer, owner & operator Summerset Group Holdings Ltd sold or resold occupation rights to 152 units in the June quarter, down from both the first quarter this year & second quarter last year.
But for the half-year, its total 323 sales were 6% ahead of the 2016 total of 306.
Summerset sold rights to 82 new units in the second quarter of this year (97 in the first quarter, 108 in the second quarter of 2016) and made 70 resales (74, 77).
Chief executive Julian Cook said: “New sales were driven by delivery timings for newly constructed retirement units, with 171 built over the first half of 2017 compared to new sales of 179. Resales continue to track well, with available homes being sold quickly.
“We are on track to deliver about 450 retirement units across our villages in 2017, with the development pipeline weighted towards the second half of the year. We expect new sales levels over each half of the year to reflect this, as signalled in our construction programme earlier this year.
“We continue to see strong demand for our retirement units, and presales levels & settlement rates both continue to track positively.”
Attribution: Company release.