Ideal Property Group
Forest Ville
Lengkok Kelicap, Bayan Lepas
From
RM 450K
RM 428–450 PSF · Completion 2020
Tenure
freehold
Title
TBC
Total Units
991
Completion
2020
- From
- RM 450K
- PSF
- RM 428–450
- Tenure
- freehold
- Total units
- 991
- Status
- completed
- Completion
- 2020
Zac’s Take
Zac Ong
Forest Ville is a 991-unit condominium in Bayan Lepas from RM450,000. The name and likely green-themed design suggest a nature-inspired concept — Bayan Lepas does have pockets of greenery towards the Batu Maung hills. At RM450K for nearly 1,000 units, this sits in the mid-market Bayan Lepas segment, competing with Havana and Avion. Condominium (vs serviced apartment) suggests residential title which is a positive for buyers. Good for owner-occupiers working in the southern Penang Island corridor or investors targeting the mix of FTZ workers and airport-adjacent demand.
Forest Ville unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 3BR | 3BR | 1,000–1,050 | 991 | — |
| Total | 991 | |||
Facilities
What's nearby
🏥 Healthcare
- Penang International Airport2.0km
🛍 Shopping
- Queensbay Mall3.0km
- Sunshine Farlim3.0km
Monthly Instalment Calculator
Monthly Instalment
RM 1,818
Total Interest
RM 358,397
Total Outlay
RM 808,397
Bayan Lepas — area snapshot
Full area guide →Bayan Lepas is the island's industrial and tech hub, home to the Free Trade Zone and Penang International Airport. Condo demand comes primarily from professionals working in the area.
Price range
RM 300K – RM 1.2M
asking prices in area
Active projects
7
selling or under construction
Subsale condos
9
completed projects
Total tracked
17
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 45,000 |
| SPA stamp duty | RM 8,000 |
| SPA legal fee | RM 5,625 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 8,000 |
| Loan stamp duty (0.5%) | RM 2,025 |
| Loan agreement legal fee | RM 2,025 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 72,675 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
What type of property is Forest Ville?
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What is the price for Forest Ville?
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Where is Forest Ville in Bayan Lepas?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 450K
Forest Ville