Fans of the world famous martial artist and athlete Bruce Lee will be interested to know his former Hong Kong residence is going on sale. Disappointing results from turning the property to a museum despite avid fan support has lead to the sale. Further plans, including an expansion of the property including a cinema were declined by the government.

Kung fu legend Bruce Lee's former residence in Hong Kong will be put up for sale after a plan to turn the property into a museum dedicated to the icon failed, a report said Wednesday.

Philanthropist Yu Panglin, who owns the mansion, which became a rundown 'love hotel', said he was planning to sell the property for HK$180 million ($23 million) after talks with the government for the museum collapsed last year.

"I'm no longer considering (the museum plan) since the government is not supportive," the 90-year-old billionaire told Hong Kong's Chinese-language Singtao Daily in an interview.

Read More on brecorder.com