Core Viewpoint - The Hong Kong real estate market is currently facing uncertainty, leading many property owners, including notable figures, to sell their properties to alleviate financial pressure. However, potential buyers are hesitant, resulting in unsold listings and price reductions [1][4]. Group 1: Market Conditions - The real estate market in Hong Kong is characterized by a lack of buyer interest, with many properties remaining unsold despite price reductions [1]. - Property owners are increasingly lowering prices to attract buyers, as evidenced by the case of director Wong Kar-wai, who reduced the price of his luxury property by 16.8% [4]. Group 2: Wong Kar-wai's Property Sales - Wong Kar-wai's luxury apartment in the Long Beach Garden has been on the market since early 2022, initially listed at 23.8 million HKD but now reduced to 19.8 million HKD, reflecting a return to 1997 price levels [4][6]. - Despite the apartment's prime location and sea view, it has not attracted buyers, indicating a broader trend in the market where even desirable properties struggle to sell [1][4]. Group 3: Financial Considerations - Wong Kar-wai's decision to sell his properties appears to be a strategic business move rather than a response to financial difficulties, as he holds multiple properties valued over 200 million HKD [9]. - The management of Wong's properties is handled by his wife, Chan Yi-ching, who has significant experience in real estate, suggesting that the sales strategy is well-considered [9][12]. Group 4: Other Properties - Wong Kar-wai is also attempting to sell another property in Repulse Bay, initially listed at 65 million HKD and later reduced to 60 million HKD, yet it remains unsold [10].