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Land and Houses' US arm divests Calif. apartment for US$140M

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Land and Houses' US arm divests Calif. apartment for US$140M

Land and Houses PCL unit Land and Houses USA Inc. closed a US$140 million sale of The Domain Residence apartment property in California to an undisclosed buyer.

The Bangkok-based developer expects to recognize profit before tax worth about US$41.2 million from the divestment.