7 Aug 2019
Nusantara Daya Sdn. Bhd Pentadbir Tanah, Johor Bahru
- Citation
- J-01(A)-553-09/2018 (Mahkamah Rayuan)
- Court
- A
- Case number
- J-01(A)-553-09/2018 (Mahkamah Rayuan)
The Court allowed the appeal: the High Court erred in law by making a 10% size deduction without evidential basis and in breach of the market value concept and procedural fairness; separate deductions for location, access and layer constituted double-counting and were replaced by a single 10% deduction; the High Court failed to account for the established development potential of the acquired land and a 25% uplift for development potential was warranted; appeal therefore allowed with costs and interest on the increased amount at 5% from the date of Form K.