Construction has begun on a US$2billion scheme to reclaim land from the sea around Monaco so that more luxury apartments can be built for the thousands of extra millionaires expected to move to the principality in the next 10 years.
Nearly 35 in every 100 Monaco residents are millionaires and more of the global super-rich want to join them. Around 2,700 more are expected to call Monaco home by 2026, according to research by estate agent Knight Frank, taking the total to 16,100 out of a total…
Source : South China Morning Post
Read more…Monaco’s Hong-Kong-style plan to reclaim the Mediterranean to house the world’s super-rich















