Jackie Chan’s Beijing Lux Homes Seized and Auctioned
Two Beijing-based luxury apartments belonging to martial arts film star Jackie Chan have reportedly been seized and put up for auction over an ownership dispute.
The two units were found on an ad in a Chinese judicial auction site last week at a starting price of 71.9 million yuan ($10.5 million) and have a market value of over 100 million yuan ($14.6 million).
The homes cover more than 13,000 square feet and one of them was the scene of a drug scandal involving Chan’s son, Jaycee Chan, who served six months of Chinese imprisonment over claims that his home was being used as a venue for users.
Ownership Dispute
According to an «AFP» report citing court documents, Chan, 66, had signed an agreement with Yujia Real Estate in 2006 to buy the two units for 13 million yuan ($1.9 million) – a 20 million yuan ($2.9 million) discount in exchange for celebrity endorsement of the compound.
But the transfer of rights were delayed due to a change in Yujia’s company name and tax arrears, the report added. Another developer, Tenhong Real Estate, later filed for arbitration with Yujia to settle debts and the two properties were amongst the assets seized in 2017.
