I'm an Expat property agent in Hong Kong and here is my opinion,
Queens Terrace is not bad, however cannot be really compared with Grand Paromande, as first project is in Hong Kong side and the other is in Kowloon side.
Among the 2 projects - I say, go for Queens Terrace.
Why ?
The new project next to Queens Terrace called "One Pacific Heights" was sold for a very high price per sqf, which caused Queens Terrace to be sold for an expensive price for 2nd hand units before the financial crises however there are many factors to consider.
but firstly, check with your budget and expectations that this is really your best choice out there.
If you need help, feel free to message me and I can assist further if needed.

Originally Posted by Beechy101:
I am looking at buying a flat in either QT or GP. Which is the better?
I inspected a 2 bedrooms 5xx square feet Tower 1&2 recently. The reception area is rather nice but the flat is very small. However, I am attracted by the price (low 3m) and the low management fee ($8xx).
I haven't yet seen GP but I know the price there is higher for a similar size flat (3.5-4m). Which is the better regarding building material, effective floor space, neighbourhood, location and transportation?