28 Jun 2021
Crescent Pillar Sdn Bhd Pentadbir Tanah dan Daerah
- Citation
- B-01(A)-241-05/2019 (Mahkamah Rayuan)
- Court
- A
- Case number
- B-01(A)-241-05/2019 (Mahkamah Rayuan)
The Court held that R1 and R2 were transacted under special circumstances and were unsuitable comparables; the High Court erred in preferring those comparables over the common comparables; applying the principle of equivalence and proper comparables the fair market value of the scheduled land is RM2,152.85 per square metre (RM200.00 per square foot); appeal allowed in part and High Court decision set aside insofar as it upheld the lower valuation.