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SPH sees strong sales performance in 2021/2022 for PBSA business; overall business improved in 1QFY2022

Felicia Tan
Felicia Tan1/12/2022 8:32 AM GMT+08  • 2 min read
SPH sees strong sales performance in 2021/2022 for PBSA business; overall business improved in 1QFY2022
Shares in SPH closed at $2.34 on Jan 11.
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Singapore Press Holdings’ (SPH) overall business saw improvements in the 1QFY2022 ended November.

In its business update released on the evening of Jan 11, the group attributed the overall growth with the economy's gradual recovery from Covid-19. “However, the impact of the evolving Omicron Covid-19 variant on travel, government-imposed restrictions and consumer sentiment is being closely monitored,” says the group in its statement.

Segmentally, SPH REIT reported an improvement in its tenants’ sales performance. The Woodleigh Residences saw some 84% of units sold as at Jan 6, with an improved average price psf of $1,997 as at December 2021 from $1,970 psf in September 2021.

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