What is your timeshare really worth?

Many owners have enjoyed the value and flexibility of their Ridge ownership for years while believing owning a title of a portion of a prime plot of Real Estate in Queenstown had value. That is why we are concerned by an offer to acquire timeshare units for nothing - plus the “seller" has to pay half of the purchaser's legal fees, the disclosure fees, and the 2025 levy - and there is a limited timeframe to allow due diligence.

Offers like this seriously undervalue the resort and impact all owners. But owners desperate to dispose of their week may be attracted.

Underlying value of each timeshare week

Queenstown Lakes District Council value the timeshare units at approx $20M. The Body Corporate Committee insure the timeshare buildings alone at $35M at replacement value.

969 weeks of Ridge Resort chalet use have been sold to owners. This means that, on the face of it, each week has an underlying value of over $20,000. Why would owners then pay to give their week away for nothing?

The Owners Support Group (OSG) firmly believes that The Ridge has real value. We encourage owners to work together to protect and promote that value.

If you are interested in assisting this effort we’d love to hear from you. We welcome new ideas, expertise or any volunteer time. Email us at Ridge.qtn@gmail.com

Upcoming meetings.

This 3rd party offer will be an agenda item.

Christchurch meetings (in person) Sunday 15th June 2.30. More information.

On line meetings Tuesday, June 10th 1:00pm and Thursday June 12th, 7:00pm. Register here to receive link.