Core Viewpoint - The Hong Kong real estate market is experiencing significant changes, with many celebrities, including renowned director Wong Kar-wai, selling their properties to alleviate financial burdens amid uncertain market conditions [1][3]. Group 1: Market Trends - Many potential buyers are adopting a wait-and-see approach due to fears of further price declines, leading to properties remaining unsold and sellers having to continuously lower prices [1][3]. - Wong Kar-wai has listed multiple properties for sale, including a unit in the Tai Tam Long Ching Garden, which has been on the market for a year and a half with multiple price adjustments [1][3]. Group 2: Property Details - Wong's property in Tai Tam has a usable area of 1,077 square feet (approximately 100 square meters) and was initially priced at 23.8 million HKD in early 2024, but has now been reduced by 4 million HKD to 19.8 million HKD, reflecting a decrease of 16.8% [3][6]. - The current asking price of 19.8 million HKD is nearly equivalent to the market price from 28 years ago, when a similar unit sold for 19.5 million HKD in March 1997 [3][6]. Group 3: Rental and Management Insights - Despite the poor sales market, Wong's property has been consistently rented out until its recent listing for sale, indicating its potential as a rental investment [6]. - Wong Kar-wai's other luxury properties are also being sold at reduced prices, suggesting a broader trend in his real estate strategy [6][8]. Group 4: Personal and Financial Context - Wong Kar-wai's decision to sell these properties does not appear to stem from financial difficulties, as there have been no reports indicating such issues; rather, it may be a strategic business decision [8][9]. - The properties are managed by Chan Yi-king, who has been involved in real estate transactions since 1993 and has reportedly made significant profits from these activities [8][9].