Absolute Bubble Insanity: For Nearly Half A BILLION Dollars, Here Is The World’s Most Expensive Penthouse

–  Absolute Bubble Insanity: For Nearly Half A Billion Dollars, Here Is The World’s Most Expensive Penthouse (ZeroHedge, Aug 19, 2014):

Forget Hong Kong, London and New York: when it comes to the pinnacle in absolute real estate insanity – perhaps in all of history – look no further than James Bond’s favorite gambling mecca, Monaco. It is in this tiny Riviera principality where we find the Tour Odeon, a double-skyscraper being built by Groupe Marzocco SAM near Monaco’s Mediterranean seafront, which will contain a 3,300 square-meter (35,500 square-foot) penthouse with a water slide connecting a dance floor to a circular open-air swimming pool. The description is nice, but it is the bottom line that is mindblowing: Bloomberg reports that the apartment may sell for more than 300 million euros ($400 million) when it goes on the market next year, French magazine Challenges reported. That would make it the world’s most expensive penthouse, according to broker Knight Frank LLP.

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