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].

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].