20 Jun '11, 6am

Jackie Chan pockets $3.7m from Tg Pagar building sale

Jackie Chan pockets $3.7m from Tg Pagar building sale

Hong Kong film star Jackie Chan sold The 50s entertainment complex in Tanjong Pagar to a friend for $12.5 million in April. -- PHOTO: REUTERS HONG KONG movie superstar Jackie Chan, who owns several properties in Singapore, has made a tidy profit after selling The 50s entertainment complex in Tanjong Pagar. Lianhe Zaobao reported on Saturday that Chan sold the building in April for $12.5 million to a Singapore friend who runs an investment firm. Having shelled out some $8.8 million for the property in 1996, Chan has made a return of $3.7 million from the sale. The paper reported that he had not planned to put the property up for sale, but the friend had asked him repeatedly and the celebrity finally agreed. Chan is no stranger to the property scene in Singapore, having bought the former Jinriksha Station at nearby 1 Neil Road in late 2007 for $11 million. Recently, he and a...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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