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Sasseur REIT records 'strong first-day sales' of $9.5 mil after China's re-opening

Felicia Tan
Felicia Tan5/4/2020 5:55 PM GMT+08  • 2 min read
Sasseur REIT records 'strong first-day sales' of $9.5 mil after China's re-opening
Sasseur Real Estate Investment Trust (Sasseur REIT) has reported “strong first-day sales” of RMB47.2 million (S$9.5 million), for its annual Spring Sales. This is 411% higher than its first-day reopening sales registered in March.
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SINGAPORE (May 4): Sasseur Real Estate Investment Trust (Sasseur REIT) has reported “strong first-day sales” of RMB47.2 million (S$9.5 million), for its annual Spring Sales. This is 411% higher than its first-day reopening sales registered in March.

Possibly due to pent-up demand during the Covid-19-induced lockdown, Sasseur REIT’s various outlet malls located in Chongqing, Bishan, Hefei, and Kunming reported a 129% increase in sales in 2020, compared to 2019.

See also: Pent-up demand drives optimism for Sasseur REIT as outlet malls reopen

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