Selvaag Bolig ASA sold 238 homes during the first quarter of 2017 with a total value of NOK 1 284 million. The average price per home sold was NOK 5.4 million, compared with NOK 3.9 million during the same period of last year.
"Sales have been good and stable in all markets. The number of homes sold was down from the first quarter of 2016 because we had no major sales starts during the first three months. However, the value of the units sold was considerably higher. We also have more joint ventures than before." comments CEO Baard Schumann.
Not including joint ventures Selvaag Bolig sold 190 homes with a total value of NOK 984 million during the first quarter. The company began construction of 186 units, completed 63 and delivered 85 to the buyer. It had 1 479 homes under construction at 31 March and 32 completed units which remained unsold.
Net sales in the first quarter of 2016 came to 280 homes with an overall value of NOK 1.1 billion. Gross sales during the period amounted to 294 homes.
Further information from:
Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, 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 60-year history and experience, and offers a broad variety of property types marketed under the brand names Start, Hjem and Pluss. The company is headquartered at Ullern in Oslo.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.