Core Insights - The Hong Kong real estate market is facing significant uncertainty, leading many industry insiders and notable figures to sell their properties to alleviate holding pressures [1][9] - Renowned director Wong Kar-wai has been selling multiple properties, including a notable luxury apartment in Tai Tam, which has not sold despite a price reduction of 16.8% [1][3] - Wong's decision to sell is not driven by financial distress but appears to be a strategic business decision, possibly influenced by his wife, Chan Yi-ching, who manages their real estate portfolio [3][7] Property Details - Wong's luxury apartment in Tai Tam has a usable area of 1,077 square feet (approximately 100 square meters) and was initially listed for HKD 23.8 million but has been reduced to HKD 19.8 million after a year and a half on the market [1][3] - Another property in Repulse Bay, with a usable area of 2,143 square feet (approximately 199 square meters), was initially priced at HKD 65 million and has been reduced to HKD 60 million, yet remains unsold [4] Market Context - The current market conditions in Hong Kong are characterized by a lack of buyer interest, with many potential buyers adopting a wait-and-see approach due to fears that the market has not yet reached its bottom [1][9] - Wong's actions reflect a broader trend among property owners in Hong Kong who are also choosing to reduce prices in response to the market's downturn, indicating a collective struggle to navigate economic pressures [9][10]