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All high-rise, low-rise and street developments in the Adelaide and North Adelaide areas.
I looked through the scap document and couldn’t see a cost. It was a quick look though. Kodo was $100m and this one is taller and much more glass. I think they’ve dropped a 0 off the end.
$25 mil? Probably 100% cheap nasty made in China building products from slave labor.
What’s with your obsession with Chinarev wrote:$25 mil? Probably 100% cheap nasty made in China building products from slave labor.
People commented about the cost, suggesting it might be a typo. I suggested another possibility.
More than $25 million for sure. Assuming they didn't just make up a random number (entirely possible) the main possibility seems to be the one that Ben suggested, that a digit has dropped. So either $125 million, or $250 million.rev wrote: ↑Tue Jun 22, 2021 10:18 amWhy don't you tell us, through all your infinite wisdom, how much you think this is going to be built for.
I'd guess $125 million.
Thanks for the compliment by the way, but I definitely wouldn't describe myself as having any more wisdom than the average on this board.
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I'm sure $25m is likely a mistake but if not, I question the quality of the building considering it's a larger build that 203 North Terrace and yet would come in $5m less if it were $25m...
I'll suggest a third option, which applies to several other proposals recently put up where the cost seemed too low. And that's that the approval fees payable for the development is a percentage of the stated cost, and no doubt some are deliberately understating the cost of the development to reduce the fee payable. On some of these, they are easily saving $100 to $200k by giving these stupidly low figures.
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