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LIC Lifestyle Communities News Story

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Australia's Lifestyle Communities up on strong quarterly sales

BUZZ-Australia's Lifestyle Communities up on strong quarterly sales

** Shares of Lifestyle Communities LIC.AX rise as much as 14.5% to A$5.75, on track for their best day since March 13

** Real estate developer reports 56 new home sales to date in Q4, up from 43 in Q3

** Co says demand has remained resilient despite cautious macroeconomic environment, with conversion rates having improved from the prior quarter

** Stock up nearly 10% YTD, including session's moves


(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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