Ann: GRR - Quarterly Report for 3 months ended 31 March 2018, page-8

What does everyone else think? I don't think Grange management or their property development partner have a clue in what they're doing. Paying $3.2 million for a 642 sqm block where the building  needs to be demolished is excessive and foolish. Unless you are the building company doing the construction then its stacking up for a loss situation. Frankly they paid 50% too much.
These new apartments MARQUE in 202/105 High Street Prahran cost $778,000 thats more than these idiots paid for a 80 year old dump.

MARQUE
Marque is the latest collaboration between award winning developer S P Setia, and renowned world-class Fender Katsalidis Architects.

MDriven by a shared vision for an exemplary residential building for Prahran, this project unveils refined living spaces of superior quality and effortless sophistication.
Marque offers a new benchmark in elegant, urban and sustainable lifestyle to the vibrant precinct of Prahran.