HONG KONG: Even the actor famed for playing tough-as-nails characters in Hong Kong classics like 'The Killer' and 'Hard Boiled' is taking a beating amid a slump in the city’s luxury property market.

Chow Yun-fat, a beloved local actor who went on to Hollywood fame, has had to slash the asking price of his luxury home in Hong Kong’s most exclusive enclave The Peak by about 14 per cent, according to several property agents.