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 354K to RM 614K, and a typical market range of RM 322K to RM 646K.
Most transactions involved service apartment, with minimal variety in property types.
The median PSF stands at RM 892, with core pricing between RM 722 and RM 1,062. Market pricing typically extends from RM 606.88 to RM 1,176.13, reflecting moderate variation in unit pricing. The spread of RM 569.25 (IQR) and deviation of RM 170 (MAD) suggest moderate price variations reflecting different property features.
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.
