Sasseur REIT malls re-open with 129% surge in sales

Submitted By:  Clarist Zablan Case Study:  No The first-day sales of its Bishan outlet mall soared 228% to $390,910. Sasseur REIT saw a 129% YoY surge in sales on the first days of the reopening of its four Outlet malls, according to a press release. Their first day sales hit a total of $2.33m (RMB11.46m). Its Bishan outlet mall recorded the highest rise in sales at 228% to $390,910 (RMB1.92m). It is followed by Kunming (171%) and Chongqing (132%) outlet malls, recording first day sales of $386,840 (RMB1.9m) and $1.15m (RMB5.64m), respectively. The Hefei outlet mall sales grew 57% to $407,200 (RMB2m). read more