Johor, Malaysia

Neighbourhood Review


Forest City is a mega development located in Iskandar Malaysia. It will span 1,386 hectares of reclaimed land in the west coast of the Straits of Johor, which will see the creation of 4 man-made islands. The “city in the sea” development is the brainchild of Country Garden PacificView, a joint venture between Chinese developer Country Garden and Esplanade Danga 88.

The first island covers an area of 979 acres, and will be known as the High Tech Industrial Zone, followed by the second one, the Central Business District and Tourism Zone, with 1,896 acres. The third island is the Financial and Economic Districts, spanning 405 acres, while the last is a 145-acres Conference and Forum Zone. The entire development is expected to be completed by 2035.

Forest City envisions a city where urban living, smart technology and sustainability will be the catalysts of a global community within the economic zone. The project will comprise of towering high-rises housing residences and offices, shopping malls, a hotel and an international school.

The development will also be able to reap the benefits of being situated close to Iskandar Puteri (Nusajaya), where a range of attractions and developments, such as the LEGOLAND theme park, Sanrio Hello Kitty Town, Pinewood Iskandar Malaysia Studios, the EduCity education hub, the Afiat Healthpark, as well as industrial hubs like SiLC, Nusajaya Tech Hub among others have been established to make the region appealing to local and foreign investors alike.

The Forest City development is well-received by foreign investors, especially the Chinese who see the Iskandar region as a potentially rewarding investment, due to its proximity to Singapore, strategic location within Southeast Asia and relatively well-priced real-estate. Residences, like a 2-bedroom apartment unit, will cost about RM800,000, which is considerably value-for-money to foreign investors, where a similarly sized unit in Singapore may cost 5 times the price.

Forest City is located near the Malaysia-Singapore Second Link Causeway, with plans for a direct connection to the causeway in the future. It is just 10 minutes from the Kota Iskandar administration capital, 25 minutes to the Central Business District in Medini, while the Senai International Airport is about 45 minutes away. The Changi Airport is also within reach, a mere hour’s drive from the development.

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Analysis of properties in the area:

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Forest City *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Consumer Price Index

This is a representation of Johor Consumer Price Index (CPI) for the year of 2011 - 2015

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A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.839% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.471% in 2013. Prices of essential goods then increasing to 3.525% in the year 2014 while surging by 2.957% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.2 in 2012, 107.8 in 2013, 111.6 in 2014, 114.9 in 2015.

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