Tung Chung Bay, pictured, is home to a high proportion of Cathay Pacific staff. Photo: Shutterstock Tung Chung Bay, pictured, is home to a high proportion of Cathay Pacific staff. Photo: Shutterstock
Tung Chung Bay, pictured, is home to a high proportion of Cathay Pacific staff. Photo: Shutterstock

Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts

  • Rents in locations such as Tung Chung and Tsing Yi, where a large number of Cathay employees live, are seen declining by between 5 per cent and 10 per cent
  • Property agents have already seen a rush of laid off pilots and cabin crew looking to sell up completely or downsize to more affordable units

Topic |   Coronavirus Hong Kong
Tung Chung Bay, pictured, is home to a high proportion of Cathay Pacific staff. Photo: Shutterstock Tung Chung Bay, pictured, is home to a high proportion of Cathay Pacific staff. Photo: Shutterstock
Tung Chung Bay, pictured, is home to a high proportion of Cathay Pacific staff. Photo: Shutterstock
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