Oh, I wish I knew the answer to that, what to do when your plant is over water.
I had just bought one at Wal-Mart, June 15 2020, over water. I took it home and was going to naturally let it dry out on my back patio, with indirect light. In the meantime where I had it hanging, we had a very small shower and the awning had a leak and my plant was soak again. I was not going to loose another Hoya. I decide it was time to take it out of the container and let the plant roots dry over night. Then I re-potted the plant had added some of my Hoya soil mix to the original soil to help it dry out some, re-potted the plant And it has been doing fine now. I notice the tips of the growth the leaves where turning yellow. They have fallen off now. And the plant seems to be doing great, I have water twice since all this has happen. I lost my first Hoya Carnosa Compacta from over watering. I really want to save this one.