Bayan Lepas · Subsale Market
Forest Ville Subsale — Bayan Lepas, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Forest Ville is a completed freehold condominium in Bayan Lepas, Penang, completed in 2020 by Ideal Property Group. It has 991 units. It launched from around RM 450K in 2015 — that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 — Post-completion transacted prices basis. Last checked 2026-06-24.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR | 1,000–1,050 | RM475,000 | ~RM452 |
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 3 months of SPA. No 36-month construction wait.
Verified surroundings
Bayan Lepas's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Forest Ville.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Forest Ville is priced within Bayan Lepas
At roughly RM428 psf, Forest Ville sits toward the value end of Bayan Lepas's condo band (RM400–750 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.
Area gross yield
~5.2%
Typical for Bayan Lepas condos
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 2026-06-24.
| Asking from | RM450,000+ |
| PSF | RM428 – 450 |
| Built-up | 1,000 – 1,050 sqft |
| Completed | 2020 |
| Units | 991 |
Post-completion transacted range. Asking is not transacted — expect movement between the two.
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
Looking to buy or rent a unit in Forest Ville? Asking prices and rents move with the market and with the specific unit — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Forest Ville key facts
- Developer
- Ideal Property Group
- Area
- Bayan Lepas, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2020
- Total units
- 991
- Asking PSF
- RM428–450
- Price from
- RM 450K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Forest Ville:
View full Forest Ville profile →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 1.2M
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 ForestaRM375K
- Havana Beach ResidencesRM400K
- London PavilionRM418K
- Solaria ResidencesRM480K
- Tree SparinaRM486K
- Maldives ResidencesRM498K
- SummerSkye ResidencesRM598K
- The AmareneRM630K
- Lucerne ResidencesRM664K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM1.2M
Forest Ville subsale — common questions
What is the price of Forest Ville?
Forest Ville runs RM450,000 and up. That is the post-completion transacted range. That works out to about RM428–450 per square foot. Checked 2026-06-24.
Is Forest Ville freehold or leasehold?
Forest Ville is freehold. We do not hold the land title class on record — confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Forest Ville?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Forest Ville is open to Malaysian and PR buyers only.
When was Forest Ville completed?
Forest Ville completed in 2020, developed by Ideal Property Group. Units here trade sub-sale.
How big are the units at Forest Ville?
Built-ups run 1,000 to 1,050 sq ft. There are 991 units in total. At that density, expect to compete with a lot of near-identical units when you sell.
What type of property is Forest Ville?
Condominium — likely residential land title, which is more favourable than serviced apartment commercial title.
Where is Forest Ville in Bayan Lepas?
Bayan Lepas, southern Penang Island — near the airport, FTZ, and with greenery access towards Batu Maung hills.
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.