Las Vegas Sands Corp. Chairman Sheldon Adelson said the planned sale of the casino operator’s Macau malls and apartments may raise as much as $12bn and recoup their construction costs.

“It will be like $12bn if we add up all the apartments and all the retail in Macau,” including those in buildings still under construction, Adelson, the founder and chief executive officer of Las Vegas Sands, said in an interview in Singapore yesterday. The company may start selling the Macau assets within 2 1/2 years, he said.