Tiny Monaco is set to grow by six hectares under plans to reclaim land from the Mediterranean and build more luxury flats and posh boutiques with fine sea views.The second smallest state in the world after the Vatican, Monaco is also home to the world’s most expensive property market and the project is intended to relieve some pressure on housing in the principality, which is surrounded by France.The land reclamation programme, due to cost €2 billion (US$2.23 billion), involves the construction…
Source : South China Morning Post
Read more…Monaco reclaims land to make space for US billion luxury beachfront flats, amid housing shortage















