Plans for a very luxurious yacht named "The Streets of Monaco" by UK-based ship designers at Yacht Island Design have been revived, promising to create a floating replica of the actual location. The ambitious project is estimated to cost a whopping US$ 402 million and will mimic important landmarks of the city-state, such as the Prince's Palace, Port Hercule, Hotel de Paris, Loews Hotel and the famous La Rascasse. It will also have a go kart replica of the actual legendary Formula 1 circuit, along with a helipad, jacuzzis, jet skis, a mini submarine and swimming pools. "The Streets of Monaco" super yacht will be 155 meters long and will be able to accommodate 16 guests and 70 members of the crew which will all be travelling at a top speed of 15 knots. Plans for the yacht were originally disclosed in January 2011 but so far developers weren't able to find potential clients willing to pay the exorbitant price tag. Rob McPherson, one of the project's founders, told Daily Mail they are "looking for clients either private or commercial with the vision to realize this new and interesting design direction." He also said a lot of people have expressed their desire to take a cruise with the yacht and they also received "a number of enquiries for potential commercial applications."

Monaco, a luxurious Mediterranean city-state renowned for being home to some of the world's wealthiest moguls, will soon boast the world's most expensive penthouse, a residence expected to fetch US$ 387 million when it goes on the market next year. The world's current most expensive penthouse is a US$ 222 million flat in London's One Hyde Park. The penthouse will be housed inside Monaco's tallest building, Tour Odeon, a double-skyscraper standing 170 meters tall. Tour Odeon is due to be completed in July 2014 and will feature 259 units, including 73 private luxury residencies, two 1,200-square meter Sky Duplexes and the five-floor, 3,300-square meter Sky Penthouse. Excavation and demolition work on Tour Odeon began in December 2009. Upon completion it will be the second-tallest tower on the Mediterranean coastline, trailing only the 186-meter Gran Hotel Bali in Spain. The architect of project is Alexander Giraldi. European design agency Alberto Pinto has been tasked with creating interiors that exude "exceptional elegance and comfort," while architect Jean Mus has been chosen to complete the landscape. One of the Tour Odeon penthouse's most talked about features is its spacious outdoor area and private circular infinity pool that can be entered via a water slide. The five-storey penthouse features interiors inspired by the French Belle Epoque era, which is captured in the stenciled floors, marble, slate and earthy color palette that reflects the surrounding landscape of the Liguria Sea. Practical while still exuding elegance, the penthouse features top-notch fittings and finishes. Advanced appliances have been installed in the fully equipped bathroom and kitchen and the entire penthouse offers a centralized home automation system. Sculpturally-inspired light fittings hang in formal areas and throughout the penthouse's private lobby while 360-degree views of the south of France just add to the incredible opulence of the space. It is not only Tour Odeon's penthouse that will benefit from panoramic views, as each apartment throughout the building features floor to ceiling windows and expansive private terraces. Natural light is abundant and the interiors have a timeless and elegant feel. Pools are a prominent feature throughout the structure with Tour Odeon offering an extensive wellness centre, a hammam (Turkish bath), Russian bath, private spa suites and multiple pool options. Encouraging an entrepreneurial lifestyle, the building will include a state-of-the-art business centre, which will serve as professional space for residents who opt to work from home. Each apartment features an integrated touch screen that can be used to organize housekeeping, dry cleaning, valet and car washing service while a full-time concierge, private chauffeured limousines and a cinema are also on offer.

A new world record was set for the price of purchased apartments. Two-story, 1600 square meter penthouse in La Belle Epoque mansion( Monaco) was sold by $ 306.5 million. Buyer's name was not disclosed. The previous record belonged to the London penthouse in Hyde Park that was purchased for $ 202 million. The last owners of both apartments were Candy brother-developers from Britain. Brothers Nick and Christian Candy began their property business in 1995, when they were 23 and 21 years old respectively. All had happened by chance when using £6,000 loan from their Grandma, the brothers renovated £122,000 one-bedroom apartment in London while living in it. Later they sold it for £172,000 and gained profit £44.000. Today, Candy&Candy successful luxury housing specializing company. But, if brothers would like to launch their business today, they hardly will think about. The property prices in London dropped down by 3.6% in September this year- the worst record for the last three decades!