FOREST CITY

FOREST CITY in Johor Bahru, Johor recorded 3 subsale transactions in 2022, with a median price of RM 743K and a median price per square foot (PSF) of RM 1,159.

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 743K, with most transactions falling within a stable range of RM 599K to RM 1.34 million, and a typical market range of RM 599K to RM 913K.

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

For price per square foot, the median is RM 1,159, with most transactions between RM 1,080 and RM 1,238. The usual range is RM 869.50 to RM 1,448.50, showing that most units are priced quite close to each other. With an IQR of RM 579.00 and MAD of RM 79, the PSF demonstrates reasonable consistency across the market.

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.