They do not sell individual units.
They sell "the right to occupy" individual units.
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They do not sell individual units.
They sell "the right to occupy" individual units.
I don't think you understand the retirement village model. No operator I am aware of is selling their units. If they would they could not control whats happening with the unit after the departure of the current occupants. As percy rightly stated - the only thing they are selling is a "right to occupy". Basically a lease for life. If this lease expires, they obviously are allowed to lease out the unit again they always owned ... no capital gains realised.