22 luxury apartments bought for €11m in Dublin 4 for social housing

[Brendan Burgess]

Cairn offers 51 RTÉ Montrose apartments to Dublin City Council for €28.6m

Developer gives detailed breakdown of costs and profit margin in building apartments on prime Donnybrook site

www.irishtimes.com

 

[Purple]

That breakdown shows that the profit margin on the €644,894 price is €28,529.

4.4% net profit on a multi year project. They'd get a better return from the stock market. Is it any wonder so many apartments are built to let.