Very well laid out, thank you.Quote:
Excellent result from SUM.
I think this is a nice example to demonstrate what I've been saying on the OCA thread about the predictability of resale volume..
That the combined new sales + resales from whatever appropriate past tenure period = today's resales.
SUM is just about all villas , their tenure is 8 years.
Today's resales = resales + new sales from around 2014-2015.
From this graph one can see evidence the number of resales comes directly from new builds 8 years or so prior. Also that we can soon expect a relative tempering of the strong growth in resales SUM has created to date. That is surely the reason they have moved over the ditch, to keep increasing their build rate.
It is an excellent update and sales were exactly on track.
The biggest takeaway from me from this update
…very strong contracted stock …strong pre-sales continue…Demand for the village has been very high…Pre-sales of Serviced Apartments at our Te Awa main building are strong.
All seems very well indeed in RV land. Great job as always SUM.
Blue- new sales
Red -resales
Yellow -new+ re sales
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