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Republic of the Philippines vs. Bank of the Philippine Islands, et al.

G.R. No. 155605 LECA REALTY CORPORATION, petitioner, vs. REPUBLIC OF THE PHILIPPINES, Represented by the Department of Public Works and Highways, respondent. x -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- x G.R. No. 160179 REPUBLIC OF THE PHILIPPINES, Represented by the Department of Public Works and Highways, petitioner, vs. BANK OF THE PHILIPPINE ISLANDS, CITYLAND INCORPORATED, LECA REALTY CORPORATION, and LEELENG REALTY CORPORATION,1 respondents.

G.R. No. 160179 | 2006-09-27

FIRST DIVISION

D E C I S I O N

PANGANIBAN, C.J.:

Zonal valuation is simply one of the indices of the fair market value of real estate. By itself, however, this index cannot be the sole basis of "just compensation" in expropriation cases. The standard is not the taker's gain, but the owner's loss.

The Case

Before the Court are two consolidated Petitions: 2 the first is a Petition for Review 3 under Rule 45 filed by Leca Realty Corporation; and the second, a special civil action for certiorari 4 filed under Rule 65 by the Republic of the Philippines, represented by the Department of Public Works and Highways (DPWH) through the Office of the...