Sasseur Reit's China malls reopen to higher sales

Singapore

SASSEUR Real Estate Investment Trust's (Sasseur Reit) manager on Tuesday reported "encouraging" first-day reopening sales at its outlet malls, which have reopened since they were shuttered amid the coronavirus outbreak.

The four malls in China took in sales totalling 11.5 million yuan (S$2.3 million) on their respective reopening dates, a 129 per cent increase from the corresponding dates a year ago.