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SG Monaco penthouse to sell from S$315m

Property Here - Wednesday, June 19, 2013

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A five-storey penthouse (pirtured) on top of the 49-storey Odeon Tower in Monaco is set to become the most expensive property in the world when it is launched next year.

The unit offers 3,300 sq m of living space and is expected to have a starting price of about US$250 million (S$315 million). The unit, which comes with an exclusive water slide and infinity pool, could even fetch up to £253 million (S$503 million), noted an analyst.

With this eye-popping price tag, the uber posh penthouse would beat the current title holder of the world’s priciest penthouse, a unit at London’s One Hyde Park, which was sold for US$212 million (S$265 million).

Meanwhile, the 70-unit skyscraper is touted to become the second highest building in Monaco when it is completed. The construction of the 170-metre tower started in 2009 and is set for completion on July 2014.

The city-state of Monaco is famous for its exquisite beaches, expensive casinos and yacht-filled marinas. It is also known as the playground for the rich and famous.



Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg