Fund of Morgan Stanley (NYSE:MS) is reportedly planning to sell assets. A German core fund managed by Morgan Stanley is said to be evaluating a bulk sale of its 23 units in the Draycott Eight condo. Morgan Stanley has engaged two agents to find a buyer.

According to the news report, based on market talk, the asking price is SGD 2,300 per square foot, which would amount to SGD 157.4 million. Some agents estimate the property to be worth around SGD 150 million.