A Malaysian-based chartered surveyor and valuer, hired by Mara Incorporated Sdn Bhd (Mara Inc) to assess the price of the UniLodge building in Australia in 2012, has defended its allegedly inflated A$43 million (about RM133 million) valuation price.

Raine & Horne International Zaki + Partners executive director Rosli Atan told Malaysiakini he was “confident” that the survey, conducted five years ago, was carried out according to the proper methods.

Rosli stood by his report stating that the 12-storey building consisting of 281 rooms of student accommodation at 746, Swanston Street, in central Melbourne, was valued at A$43 million...