Shares of Australia’s Ingenia Communities (ASX:INA) saw an increase as much as 1.7% to A$4.270, reaching their highest level since last mid-September.

This rise in stock marks the third consecutive session of gains for the company.

According to the property developer, the group’s holiday parks have continued to see robust demand throughout the first quarter.

It also pointed out that forward bookings continue to be higher when compared to the same period of previous fiscal year, boasting an increase of 9%.

Notwithstanding the recent gains, Ingenia Communities stock has slipped 6% this year until the last close.

Ingenia Communities is a property development company that specializes in owning, operating, and developing a portfolio of lifestyle and holiday communities across Australia.