In an effort to sell two properties, rap mogul Sean "Diddy" Combs has drastically slashed the asking price of two of his luxury homes.

In a desperate attempt to sell a Manhattan property, the hip hop star cut the price on his plush New York City apartment by around $600,000 and has listed it on the market for $7.9 million.

His luxury Alpine estate in New Jersey is now listed for a cool $9.9 million - heavily discounted from when he first put it up for sale in 2006 for $13.5 million.

His Jersey digs sit on a hill on three acres of land featuring a putting green, tennis court, swimming pool. The mansion includes seven bedrooms, nine bathrooms and an aquarium.

According to the New York Post, a source said: "Diddy's spending more time at his $30 million mansion in Miami, on Star Island. It makes sense for tax reasons."