FORESTVILLE

FORESTVILLE in Barat Daya, Penang recorded 17 subsale transactions in 2023, with a median price of RM 512K and a median price per square foot (PSF) of RM 511.

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 512K, with most transactions falling within a stable range of RM 478K to RM 546K, and a typical market range of RM 491K to RM 533K.

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

For price per square foot, the median is RM 511, with most transactions between RM 474 and RM 548. The usual range is RM 483.38 to RM 538.63, showing that most units are priced quite close to each other. With an IQR of RM 55.25 and MAD of RM 37, 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.