Sasseur REIT's first-day spring sales skyrocketed 411% from reopening

Chongqing nabbed the largest share of the first-day spring sales at $5.16m.

Sasseur REIT’s four outlet malls in China under Sasseur REIT’s portfolio have recorded strong first-day sales of $9.44m (RMB47.2m) during its annual Spring Sales period in April, surging 411% compared to its first-day sales after reopening in March, the REIT announced.

Amongst the four malls, Chongqing nabbed the largest share of the first-day spring sales at $5.16m (RMB25.76m).

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

The Spring Sales events this year started around the third or fourth week of April and will last up to two to three weeks thereafter.

Sasseur REIT previously reported sales during the reopening of its four outlet malls, with combined reopening day sales being 129% higher than the corresponding dates in 2019. The malls were closed between 44 to 49 days in late January to curb the spread of COVID-19 in China and re-opened progressively from 11 March.