Sharechat Logo

SUM - SALES OF OCCUPATION RIGHTS

Tuesday 8th April 2025

Text too small?

Summerset Group reported 290 sales for the quarter ending 31 March 2025, comprising 132 new sales and 158 resales.

 

“Total sales for Q1 this year were 14% higher than the same time last year, with resales increasing by 31%, while new sales were down slightly year-on-year,” says Summerset CEO Scott Scoullar.

 

“This is a pleasing start to the year, January was quite slow, as is typical while our prospective residents are on holiday, but we had a strong February and March.

 

“As we move into Q2 we have a solid pipeline of contracts, which we’ll be working through to settlement. We’ve seen a 32% year-on-year increase of contracted new sale stock compared to Q1 2024.”

 

Mr Scoullar said Summerset’s geographical diversity continued to show its strength in Q1 with almost every region in New Zealand seeing increased sales year-on-year.

 

“We achieved a good balance of sales throughout the country with 50% of our sales coming from outside Auckland, Wellington and Christchurch during this quarter.”

 

Mr Scoullar said the company remains on track to build 650-730 homes across New Zealand and Australia in 2025, including delivery of its first village centre in Australia at Cranbourne North.

 

ENDS



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Radius Care Upgrades FY26 Outlook and Releases ASM Material
August 7th Morning Report
Devon Funds Morning Note - 5 August 2025
August 5th Morning Report
RAK- Notice of Meeting and important information for shareholder
FCT - Unaudited Statement of Results - Half Year Ended 30.06.2025
thl outlines its growth roadmap
GNE - Agreements signed for Huntly capacity
Meridian signs Strategic Energy Reserve Agreement
August 4th Morning Report