The property investment arm of Morgan Stanley (MS.N) is in final talks to sell an apartment complex in China to a unit of Singapore’s Keppel Land (KLAN.SI), sources close to the deal said on Tuesday.
The overall value of the property is estimated at about 900 million yuan ($183 million).
The sources would not disclose the total value of the sale of the luxury apartment complex, which is controlled by Morgan Stanley and partly owned by a local partner.
