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 613K to RM 873K, and a typical market range of RM 581K to RM 905K.

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

The median PSF stands at RM 1,159, with core pricing between RM 989 and RM 1,329. Market pricing typically extends from RM 874.38 to RM 1,443.63, reflecting moderate variation in unit pricing. With an IQR of RM 569.25 and MAD of RM 170, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.