Listed operator has announced it has met its FY17 target of 190 new home settlements and is on track to deliver its promised profit result of $30 million.

Ingenia’s CEO, Simon Owen, said the Group was now well-positioned to continue to deliver strong growth in FY18, with 136 homes contracted or deposited at 15 June.

“It is pleasing to report that we are continuing to see strong interest in our projects and that our development business is continuing to build momentum. May 2017 represented our strongest month for new home sales on record with 34 settlements achieved for the month.”

It’s an exciting time for Ingenia as they look to launch four new communities and large-scale expansion projects.