Tuesday 10th October 2023 |
Text too small? |
Summerset Group is pleased to report 260 sales for the quarter ending 30 September 2023, comprising 133 new sales and 127 resales. Summerset has achieved a total of 743 settlements for year-to-date 2023.
Summerset CEO Scott Scoullar said sales were up 19% compared to Q3 2022 despite a challenging market. “This is a very pleasing result, the residential property market has been unpredictable at times, but we’ve been able to continue our momentum. We’re seeing positive signs that the property market is improving.”
With deliveries heavily weighted to the second half of the year, it has been a busy period for the company, recently welcoming the first residents to Summerset Boulcott in Lower Hutt and Summerset Waikanae’s first residents are moving into their new homes in Q4.
Summerset at Pohutukawa Place’s village centre building was opened in September, which in addition to providing village amenities such as a café, library, hair salon, and swimming pool, also houses serviced apartments, care and memory care centres. The village’s apartments and care rooms are selling well with very strong contracted stock already.
Pre-sales have commenced for the first stage of new homes at Summerset Blenheim, and at Summerset St Johns in Auckland strong pre-sales continue.
“Our St Johns village has been progressing extremely well. Demand for the village has been very high and we’re pleased that buyers have the confidence in us to buy now ahead of the village’s opening in late 2024,” says Mr Scoullar.
Looking ahead, the company has a robust construction delivery pipeline for Q4 with the main building at Summerset Palms (Te Awa, Napier) to be delivered and residents moving in from November.
“Pre-sales of Serviced Apartments at our Te Awa main building are strong. We’re looking forward to delivering this for our residents who have had to wait a little longer for their village centre after Cyclone Gabrielle slowed construction in the region.”
In Australia, construction at Summerset’s Cranbourne North village continues and remains on track to deliver the first homes in Q4 of this year.
ENDS
No comments yet
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens