27 Jun 2023
TECT HUAT DEVELOPMENT SDN BHD 1. ) GOH CHENG HUAT 2. ) GOH CHENG HUAY 3. ) GOH CHING CHAI 4. ) GOH CHING ENG 5. ) GOH CHING SEONG
- Citation
- BA-22NCvC-476-10/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-476-10/2019 (Mahkamah Tinggi)
The court held both valuation reports admissible and used the 2015 baseline value (RM440,000) with a 5% annual appreciation to 2022, determined market values of RM109.5 psf for commercial lots and RM47.63 psf for residential lots, calculated the combined land value at RM2,610,309.06, found enhancement attributable to the plaintiff of RM610,309.06, deducted the defendants' 31% entitlement under the JV Agreement, resulting in the plaintiff's recoverable sum of RM421,113.25; ordered payment with post-judgment interest and return of the 25 titles to the defendant upon payment; no order as to cost…