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Retirement giant clocks 31% quarterly sales boost: death, illness not main driver
10 Jan, 2021 11:59 PM
5 minutes to read
Two-bedroom Summerset villas at The Dunes, Papamoa Beach. Photo / George Novak
A listed retirement business has clocked a 31 per cent sales rise in the latest quarter.
The company saw strong trade in three areas of the country, driven largely by new sales. Illness or death of residents wasn t the main reason for the strong resales - one of the grimmer facts of life in villages.
Summerset Group, with a market capitalisation of $2.9 billion, sold 225 properties in last year s third quarter but that shot up to 296 sales in the final three months of 2020. Of the 296 sales, the majority of 176 sales were for new places due to high development levels.
Police: Driver plummeted 25 feet into river in Killingly
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Crews on scene for a technical rescue at the File Mile River in Killingly, Conn., on Saturday, Jan. 9, 2021.Danielson Fire Department / Contributed PhotoShow MoreShow Less
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Crews on scene for a technical rescue at the File Mile River in Killingly, Conn., on Saturday, Jan. 9, 2021.Danielson Fire Department / Contributed PhotoShow MoreShow Less
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Crews on scene for a technical rescue at the File Mile River in Killingly, Conn., on Saturday, Jan. 9, 2021.Danielson Fire Department / Contributed PhotoShow MoreShow Less
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KILLINGLY A driver was flown to the hospital with injuries and hypothermia after his car plummeted 25 feet off the road and into the File Mile River over the weekend, officials said.