FORESTVILLE

FORESTVILLE in Barat Daya, Penang recorded 16 subsale transactions in 2021, with a median price of RM 494K and a median price per square foot (PSF) of RM 482.

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 494K, with most transactions falling within a stable range of RM 465K to RM 522K, and a typical market range of RM 472K to RM 515K.

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

For price per square foot, the median is RM 482, with most transactions between RM 453 and RM 510. The usual range is RM 453.88 to RM 509.13, showing that most units are priced quite close to each other. With an IQR of RM 55.25 and MAD of RM 29, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.