SILVERON BUILDERS SDN BHD v YHL PROPERTY SDN BHD
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Case Significance
SILVERON BUILDERS SDN BHD v YHL PROPERTY SDN BHD is a Court of Appeal (Mahkamah Rayuan) decision dated August 7, 2025 (citation: j-02imncvc-194-02-2024). <p>Silveron Builders appealed against the High Court's award of RM748,931.37 in compensation to YHL Property under s.329(1) of the National Land Code for losses caused by a wrongfully lodged caveat on the respondent's land. The key issue was whether additional financing costs incurred by the developer due to the caveat were recoverable as compensation. The Court of Appeal upheld the award, finding the respondent's indemnification of the developer was a commercially necessary response to mitigate The panel comprised Choo Kah Sing, Faizah binti Jamaludin and Mohd Nazlan bin Mohd Ghazali, with Faizah binti Jamaludin delivering the judgment. Counsel appearing: Mohammad Danial bin Hazizan (counsel for appellant), Wong Wan Ting (counsel for respondent).
Key issues: Joint Venture Agreement; wrongful caveat; section 329(1) National Land Code; compensation for damages suffered as a result of wrongful caveat; developer's additional financing ocsts..
Summary
Silveron Builders appealed against the High Court's award of RM748,931.37 in compensation to YHL Property under s.329(1) of the National Land Code for losses caused by a wrongfully lodged caveat on the respondent's land. The key issue was whether additional financing costs incurred by the developer due to the caveat were recoverable as compensation. The Court of Appeal upheld the award, finding the respondent's indemnification of the developer was a commercially necessary response to mitigate losses caused by the wrongful caveat.
What was the outcome of SILVERON BUILDERS SDN BHD v YHL PROPERTY SDN BHD?
<p>Silveron Builders appealed against the High Court's award of RM748,931.37 in compensation to YHL Property under s.329(1) of the National Land Code ...