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Chongqing (Liangjiang) [Photo from Sasseur REIT]
Sasseur REIT posts record-breaking RMB276.1m Golden Week sales
It was 28% higher than last year's sales.
Sasseur REIT had a record-breaking RMB276.1m ($50.97m) in sales across its four portfolio outlets during China's seven-day Golden Week holidays.
This year's Golden Week sales were 28% higher year-on-year and 55% more than the 2019 pre-pandemic levels.
Amongst the four outlets, Chongqing (Liangjiang) led the sales, earning RMB145.3m ($26.8m), a 45% increase from last year.
Meanwhile, the REIT said its outlet sales outperformed its overall retail sales revenue, which rose 9% YoY.
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