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Morgan Stanley to sell China property to Keppel unit: Update

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The property investment arm of Morgan Stanley (MS.N) is in final talks to sell a Chinese apartment complex to a unit of Singapore‘s Keppel Land (KLAN.SI), sources close to the deal said on Tuesday. The deal comes as some foreign investors are keen to tap the booming Chinese property market, which has seen residential prices rise as much as a third last year in first-tier cities  such as Beijing and Shanghai. 

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