Office: Yue-work Center completed in 2020, bringing 25,000 sq m of supply to the market. Leasing demand through the year was weakened by the COVID-19 outbreak and economic challenges, overall vacancy rising to 24.9% at year-end.
Retail: Wuyue Plaza launched in 2020 with 260,000 sq m of multi-format retail space. The F&B, general retail and experiential sectors mainly drove leasing demand in the year.
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