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Jackie Chan’s Luxury Condos Up For Auction

jackie chan

Two luxury Beijing apartments that were seized from the martial arts film star Jackie Chan will be put up for auction due to an ownership dispute.

The “Rush Hour” action star, his wife Joan Lin and son Jaycee have lived in the highly expensive properties since 2007.

However, a legal dispute between two real estate firms has brought about the decision to auction the properties despite the appeals made by the star.

Chan had signed an agreement with Yujia Real Estate in 2006 to buy the two units, which cover more than 1,200 square metres (13,000 square feet), according to a court judgment published in July and the actor paid 13 million yuan ($1.9 million) — a 20.6 million yuan 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.

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

The property was also reported to be 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 properties are now valued at more than 100 million yuan, according to the auction listing.

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