Jackie Chan’s luxury Beijing condos seized, put up for auction

SourceDailymail

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Two luxury Beijing apartments seized from martial arts film star Jackie Chan will be put up for auction for nearly £8million due to an ownership dispute. 

Chan and his wife Joan Lin and son Jaycee Chan have lived in the high-end condos, which cover more than 1,200 square metres (13,000 square feet) with a market value of nearly £11million, in the Chinese capital since 2007.

But a legal dispute between two real estate firms has resulted in the property being commandeered and put up for sale, despite appeals by the Kung Fu star.

The action star, 66, best known for hit movies ‘Rush Hour’ and ‘Police Story’, sparked controversy in 2013 when he joined China’s top political advisory body despite being born in Hong Kong, where his reputation has taken a beating over his pro-Beijing stance. 

Chan signed an agreement with Yujia Real Estate in 2006 to buy the two units, according to a court judgment published in July seen by AFP.

The flats are listed at Dongzhimen Inner Street, in a residential compound within Beijing’s second ring road. 

The actor paid 13 million yuan (£1.4million) – a 20.6million yuan (£2.2million) discount over the original purchase price, in exchange for a celebrity endorsement of the compound in a prime area of central Beijing. 

But court papers outline problems including a change in Yujia’s company name, as well as tax arrears, which delayed the transfer of the property rights to Chan.

The action star Jackie Chan and his wife Joan Lin and son Jaycee Chan have lived in the high-end condos (pictured in Beijing on Tuesday), which cover more than 1,200 square metres (13,000 square feet) with a market value of nearly £11million, in the Chinese capital since 2007
The action star Jackie Chan and his wife Joan Lin and son Jaycee Chan have lived in the high-end condos (pictured in Beijing on Tuesday), which cover more than 1,200 square metres (13,000 square feet) with a market value of nearly £11million, in the Chinese capital since 2007

Another developer, Tenhong Real Estate, later filed for arbitration with Yujia to settle debts and the two properties were among those seized in 2017.

According to an online listing seen by AFP, the price for the two flats in the Chinese capital will now start from 71.9million yuan (£7.8million), with bidding to begin later this month.

A virtual tour of the property showed a maze-like space with a pool table, at least two walk-in wardrobes, a wine fridge and a framed photograph of Chan meeting former US president Barack Obama.

The property was also the scene of a 2014 drug scandal involving Chan’s son Jaycee, who served six months in a Chinese prison after he was found to be providing a venue for others to use drugs and possession of 100 grams (3.5 ounces) of marijuana.

The property are now valued at more than 100 million yuan (£10.9million), according to the auction listing.