Chinese property developer Shanghai Forte Land Co Ltd <2337.HK> is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation said.

Forte is in the final stages of negotiations with Goldman to buy Shanghai Garden Plaza, the sources said.

Goldman bought the residential complex of villas and serviced apartments in 2007 for $190 million, according to real estate agency CB Richard Ellis .

A Shanghai Forte spokeswoman declined to comment. A Goldman spokesperson could not be reached immediately for comment.

(Reporting by Samuel Shen and David Lin; Additional reporting by Jacqueline Wong)

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