SINGAPORE (Dec 19): Mainboard-listed real estate company SingHaiyi Group has entered into a purchase and sale agreement and initial escrow instructions for the bulk sale of its entire Vietnam Town Phase II units in San Jose, California for US$95.3 million ($128.3 million).

The Vietnam Town commercial condominium development project comprises nine blocks of commercial condominium units and a four-storey parking structure.

Its second real estate venture in the US market, the group’s stake in the project consists of 192 units, of which 51 units have been successfully completed and sold in Phase I.

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