The amount of compensation varies widely
according to countries. In the US, the UK and
most of the Commonwealth countries, there
exists a just compensation principle in order
to reimburse fi nancially a dispossessed person
adequately (Chan, 2003, p. 144). The market
value of the subject property is held as just
compensation in the US, while in the UK, compensation
is based on the principle of value
to the owner consisting of market value together
with other losses suffered by the
claimant. Singapore applies a seven-year rule
in calculating the market value of land for
compensation—i.e.
any increase in value due to development in
the neighbourhood by the provision of roads,
drains, electricity, water, gas or sewerage or
social, educational, or recreational facilities
within 7 years proceeding the date of notice/
declaration will not be taken into account
(Han, 2005, p. 79).
đang được dịch, vui lòng đợi..
