Adjective + の(は)

JLPT Level: N5
Meanings

The 'one' that... (Indefinite pronoun, Adjective nominalization)

The thing that is [adjective]

As for the [adjective] thing

Usage

Adjective + の

Adjective + のは

Explanation
The の nominalizer turns an adjective into a noun phrase meaning 'the thing that is [adjective]'. When you add は after の (のは), you mark that noun as the topic or focal point of the sentence. This is useful for talking about a specific item that has a certain quality, or when you select or compare items among a group. The pattern is common in everyday conversation when identifying or distinguishing items by their adjectives. Note that while のを can nominalize for other roles, のは emphasizes the topic.
この中で安いのはこれだ。
このなかでやすいのはこれだ。

The cheap one among these is this.

高いのはこの時計です。
たかいのはこのとけいです。

The expensive one is this watch.

好きなのはこの色だ。
すきなのはこのいろだ。

The color I like is this.