He is the first Chief Executive Officer of Hong Kong to be convicted in a criminal trial, reported South China Morning Post.
The United Nations has described such housing as 'an insult to human dignity', but Mr Wong can't afford the sky high rents and has to make do with this.
Home prices have increased nearly 50 per cent since 2012 in Kong Kong, making the property there one of the most unaffordable in the world.
At the time the broadcaster was seeking a licence from the Hong Kong government.
He has been accused of approving the company's licence.
Residents in Hong Kong are becoming frustrated with Hong Kong's leaders after a string of high-profile corruption cases.
Current Leader Leung Chun-ying faces allegations of corruption after it was reported he received a payment of HK million (£5.1 million) from an Australian engineering firm before he took office.Former Hong Kong chief executive Donald Tsang was convicted today on one count of misconduct.The sentencing will be carried out on Monday with each misconduct carrying a maximum sentence of seven years in prison. This is intended as, and presented as a one time, live, one view presentation only. BY WATCHING THIS: You acknowledge and agree that you shall not post, upload, publish, transmit or make available in any way content of this page including images and recording streamed live video available for download.Another company belonging to the investor paid for a refurbishment of the flat which included a gym and tea room.