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	GR No. 156522 2004-05-28	ERLINDA SAN PEDRO v. RUBEN LEE YNARES-SATIAGO, J.
Absent any evidence of the market value of the locale as of the date of the contract, it cannot be concluded that the price at which the property was sold, or about P8.70 per square meter, was grossly inadequate. Mere inadequacy of price would not be sufficient. The price must be grossly inadequate,[74] or purely shocking to the conscience.[75] Since the property in question could have been worth as little as P20.00 per square meter in 1994, the price of P8.70 per square meter nine years earlier, in 1985, does not seem to be grossly inadequate. Indeed, respondents' Declaration of Real Property No. 10786, for the year 1987, shows the market value of the property to be only P34,470.00 for that year.