Lantau’s property market has just gone to another level, with the leasing of a Botanica Bay property for HK$136,000 per month.

The home, the first to be leased in the Cheung Sha luxury strip, has a usable area of 4,191 sq ft, four bedrooms, four bathrooms and a 2,474 sq ft garden.

According to Centaline Property, the tenants are foreigners setting up factories in the mainland. They often have to travel across the border and are hoping to take advantage of the completion of the Hong Kong-Zhuhai-Macao Bridge, expected late this year, Apple Daily reports.

The owner, who paid HK$99.23 million for the property in 2015, is paying $25,000 per month in management fees.

It’s not the first record set by Botanica Bay. Two years ago a buyer paid HK$209 million for a new home – a record for the Outlying Islands.

Above: Botanica Bay property (file photo)