Area Intelligence

FOREST CITY

4 properties
2023
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Median Price
RM 483,500
PSF: RM 892

Residential Market

Median Price

RM 483,500

IQR: RM 608
MAD: RM 213
RM 892 PSF 32.2%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

FOREST CITY in Johor Bahru, Johor recorded 4 subsale transactions in 2023, with a median price of RM 484K and a median price per square foot (PSF) of RM 892.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 484K, with most transactions falling within a stable range of RM 264K to RM 703K, and a typical market range of RM 297K to RM 670K.

Most transactions involved service apartment, with minimal variety in property types.

Price per square foot shows a median of RM 892, though individual units vary from RM 507 to RM 1,276 in the core range. The broader market spans RM 587.75 to RM 1,195.25, indicating diverse property characteristics. A wider spread (IQR: RM 607.50) and deviation (MAD: RM 384) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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FOREST CITY, Johor Bahru, Johor

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Transactions

4 properties grouped by size

500 sqft
2 units Service Apartment
RM 230,000
517 sqft · RM 445.00 PSF
Oct 2023
RM 647,000
517 sqft · RM 1,252.00 PSF
May 2023
600 sqft
2 units Service Apartment
RM 757,000
603 sqft · RM 1,256.00 PSF
Sep 2023
RM 320,000
603 sqft · RM 531.00 PSF
Sep 2023