Lantau’s popularity grows among bankers, lawyers looking to rent luxury property as pilots desert the island

//Lantau’s popularity grows among bankers, lawyers looking to rent luxury property as pilots desert the island

Lantau’s popularity grows among bankers, lawyers looking to rent luxury property as pilots desert the island

Local residents, bankers and lawyers have replaced pilots as top renters of luxury property in Lantau amid diminished prospects in the aviation industry, according to property agents.Rents of high-end homes in Lantau, the preferred location of aviation sector employees owing to its proximity to the city’s airport, have declined by 10 to 15 per cent since the first quarter of last year, after the Covid-19 pandemic led to massive job losses in the industry as Hong Kong closed its borders to…

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By | 2021-10-27T00:30:16+00:00 October 27th, 2021|Business|Comments Off on Lantau’s popularity grows among bankers, lawyers looking to rent luxury property as pilots desert the island