(Yicai Global) Sept. 4 -- Jackie Chan will need to let go of two of his Beijing luxury condominium apartments because the Kung Fu movie star's sizeable discount when buying them has made the deal vulnerable amid a legal dispute between two real estate firms.

The starting bid for the total of over 1,200 square meters of residential area is CNY71.9 million (USD10.5 million) but the market price should be CNY120 million (USD17.5 million), Southern Metropolis Daily reported today, citing Hanhai Auction. A core selling point is that the star has been living in the property, according to the agency. The auction will kick off on Sept. 28.

Born Chan Kong-sang, the celebrity who is known for his martial arts skills shown in movies such as Rush Hour signed a deal with Yujia Real Estate to buy the apartments in 2006. He received a discount of CNY20.6 million to lower the contract price by more than half to CNY13 million due to his promotional work for the developer of the downtown project called Naga Upper House.

But Yujia failed to transfer the propriety rights to the movie star because of its change of company name and tax arrears. Once another developer, Tenhong Real Estate Group, filed for arbitration with the indebted Yujia, the apartments where Chan had been living with his wife and son for 10 years were seized in 2017.

Editor: Emmi Laine