FOREST CITY

Area Intelligence

2023

Median Price

RM 483,500

PSF: RM 892

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Residential PSF Trends

Median Price

RM 483,500

PSF: RM 892

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 264K to RM 703K, and a typical market range of RM 322K to RM 646K.

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

Price per square foot shows a median of RM 892, though individual units vary from RM 507 to RM 1,276 in the core range. The broader market spans RM 606.88 to RM 1,176.13, indicating diverse property characteristics. A wider spread (IQR: RM 569.25) and deviation (MAD: RM 384) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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FOREST CITY, Johor Bahru, Johor

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