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Selvaag Bolig ASA ( (GB:0Q92) ) just unveiled an update.
Selvaag Bolig ASA reported the sale of 406 homes worth NOK 2,689 million so far this year, with 93 homes sold in the third quarter for NOK 674 million. Despite challenging market conditions, the company gained market share and is optimistic about future sales due to recent interest rate cuts and increased purchasing power. The company completed 114 homes in the quarter and delivered 98 to buyers, but did not start new constructions. With 1,051 homes under construction and several sales launches planned, Selvaag Bolig expects strong sales moving forward.
More about Selvaag Bolig ASA
Selvaag Bolig ASA is a residential development company that manages the entire value chain from land acquisition to completed residential and urban areas. With a 75-year history, the company operates in growth areas around major cities in Norway and Sweden, offering a variety of housing types, including the Selvaag Pluss® lifestyle concept.
Average Trading Volume: 30,224
Current Market Cap: NOK3.33B
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