Bayan Lepas · Subsale Market
Forest Ville Subsale — Bayan Lepas, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Forest Ville is a completed freehold condominium in Bayan Lepas, Penang, completed in 2020 by Ideal Property Group. It has 991 units. Subsale asking prices start from roughly RM 420K.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR | 1,000–1,050 | RM475,000 | ~RM475 |
Zac’s Take
Zac Ong
ForestVille is Ideal Property Group's freehold condominium in Bayan Lepas: 991 homes, almost all three-bedroom layouts of about 1,000 to 1,050 sq ft, completed around 2020.
2026 listings ran from about RM420,000 to RM580,000. It's a practical family or rental home close to the Free Industrial Zone and the airport, priced for local buyers.
With nearly a thousand similar units, you'll always be competing with other sellers and landlords, so floor, view and condition decide the price. It's below the island's RM1M foreign-buyer minimum, so it's for Malaysians and MM2H participants.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Forest Ville subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Bayan Lepas's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Forest Ville.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Forest Ville is priced within Bayan Lepas
At roughly RM420 psf, Forest Ville sits toward the value end of Bayan Lepas's condo band (RM440–1100 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
Building age
6 years
Completed 2020
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Forest Ville pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Forest Ville price 2026
What Forest Ville trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM420,000 – RM580,000 |
| Built-up | 1,000 – 1,050 sqft |
| Completed | 2020 |
| Units | 991 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings about RM420,000–580,000 for three-bedroom homes of about 1,000–1,050 sq ft; launched at about RM450 per sq ft.
The building is 6 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Forest Ville for sale & for rent
Asking rents at Forest Ville ran from about RM1,400–1,850 a month in September–October 2026, for three-bedroom homes of about 1,000 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Forest Ville key facts
- Developer
- Ideal Property Group
- Area
- Bayan Lepas, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2020
- Total units
- 991
- Price from
- RM 420K
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 315K – RM 930K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
9
completed projects
Total tracked
15
properties in this area
Other projects in Bayan Lepas
All 14 others we track here, cheapest first — 5 of them still selling.
- Tropicana Bay ResidencesRM315K
- Avion ResidenceRM342K
- One ForestaRM395K
- London PavilionRM418K
- Havana Beach ResidencesRM450K
- Maldives ResidencesRM498K
- Solaria ResidencesRM500K
- Tree SparinaRM540K
- SummerSkye ResidencesRM597K
- Lucerne ResidencesRM599K
- The AmareneRM620K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM930K
Forest Ville subsale — common questions
What is the price of Forest Ville?
2026 listings about RM420,000–580,000 for three-bedroom homes of about 1,000–1,050 sq ft; launched at about RM450 per sq ft.
Is Forest Ville freehold or leasehold?
Forest Ville is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Forest Ville?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Forest Ville is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Forest Ville?
Asking rents ran from RM1,400 to RM1,850 a month in September–October 2026, for three-bedroom homes of about 1,000 sq ft. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was Forest Ville completed?
Forest Ville was completed in 2020 by Ideal Property Group, so homes here are bought from existing owners.
How big are the homes at Forest Ville?
Homes range from about 1,000 to 1,050 sq ft. There are 991 homes in total. With that many, expect plenty of similar units on the market when you come to sell.
What type of property is Forest Ville?
A freehold condominium of 991 homes, mostly three-bedroom layouts of about 1,000 to 1,050 sq ft. Check the land title on the specific unit before you commit.
Where is Forest Ville in Bayan Lepas?
In Bayan Lepas, in the south of Penang Island, close to the Free Industrial Zone and Penang International Airport.
More on the neighbourhood:
Bayan Lepas area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.