Selvaag Bolig ASA: Sold 203 homes for NOK 862 million in second quarter
Selvaag Bolig sold 203 homes worth a total of NOK 862 million during the second quarter. Sales for the first half came to 419 homes totalling NOK 1 651 million.
"The market was quieter than expected in the end of May and the beginning of June, but overall sales for the quarter were good. We're now selling steadily and well in all our projects," says Kristoffer Gregersen, vice president for communications and market.
Net sales, adjusted for Selvaag Bolig's share of joint ventures, amounted to 181 homes worth NOK 751 million in the second quarter.
Construction began for 234 homes, 242 were completed and 243 were delivered to the buyer. At 30 June, Selvaag Bolig had 1 503 homes under construction and 18 completed units still unsold.
During the first six months, the company began construction for 336 homes, completed 296 and delivered 302 to the buyer. Net sales for the period came to 366 homes worth NOK 1 445 million.
Selvaag Bolig sold 165 units worth NOK 633 million in the second quarter of 2017. Gross sales in that period amounted to 187 homes.
For the first half of last year, the company's sales totalled 355 homes worth NOK 1 617 million. Gross sales in that period came to 425 homes.
Further information from
Kristoffer Gregersen, vice president communication and marketing, Selvaag Bolig ASA
Telephone: +47 957 75 593, e-mail: bs@selvaagbolig.no
Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no
Selvaag Bolig ASA is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. The company has several thousand homes under development at any given time, and focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig represents a continuation of Selvaag's 70-year history and experience, and offers a broad variety of property types. The company is headquartered at Ullern in Oslo.