Setia V Residences

Setia V Residences is a luxury condominium project by SP Setia located at Gurney Drive, Penang. Setia V Residences comprising two high-rise condominium blocks, 48-storey Tower A has a total of 106 units and 31-storey Tower B has a total of 72 units. The built-up area ranging from 1,376 sq.ft. to 4,118 sq.ft. for standard units while the penthouses has a built-up area from 4,593 sq.ft. to 7,119 sq.ft.

Facilities at Setia V Residences include an infinity pool, dedicated children's floor with indoor & outdoor playroom, & children's pool, sky lounge, sky aqua gym, gymnasium sky garden, triple-volume glass-walled badminton court, double-volume glass-walled squash court, games room, community hall, reading room, dance studio, yoga deck, sauna, steam room & jacuzzi, multi-functional hall, pavilion & landscape gardens, guest lounge & viewing decks, concept kitchen & BBQ area.

Property Project : Setia V Residences
Location : Gurney, Penang
Property Type : Condominium
Tenure : Freehold
No. of Blocks : 2
No. of Storey : 48 & 31
Total Units : 178
Built-up Area : 1,376 sq.ft. - 7,119 sq.ft.
Developer : Kay Pride Sdn Bhd (SP Setia)


May 17, 2011 at 11:18 PMCrono

This is going to hit million more.....

May 18, 2011 at 12:43 PMRyan Turner

Which part of Kelawai is this?

May 18, 2011 at 10:07 PMYeoh

Ya, still any vacant land in Kelawai Road?

May 19, 2011 at 5:58 AMdarren88

tenby international school penang

May 19, 2011 at 11:13 AMJenny

definitely going to be another super condo and selling by millions...

May 20, 2011 at 12:58 PMLouis

kinda super luxury condo...why state govt still keep on approving this kinda super luxury condo to be built??? Only 2 percentor of super-rich can afford...

May 23, 2011 at 6:04 PMMyAstro

decent government won't approve low cost flat in kelawai road type of land ... for a factory worker like me, prai or jelutung houses are still affordable and near to FIZ factories. It is extremely jam in gurney.

May 25, 2011 at 8:52 AMNEC Andy

More and more super extra luxury condominium are being plan and approved in Penang Island. What the state planning housing department doing to control?

August 10, 2011 at 10:42 AMTan H.H.

approval of this kind of project also depends on the area of project. takkan a developer wanna build a >1Mil super condo at Balik Pulau also can approve?

August 23, 2011 at 12:54 AMameko

Gonna b 800psf. Just ask the sales person at gurney plaza. Donna how true..

August 23, 2011 at 11:58 PMkhoon huat

how are the medium income earner afford this condominium..

January 20, 2012 at 11:26 AMjeremy tan

RM1000/sft. Size: 2500 sft. Price at RM2.5 million onwards.

February 3, 2012 at 5:43 PMcondomana

RM 1000 /sqrt sounds cheap to foreigners. But the problem they have realized is it is very difficult to sell million ringgit property in the resale market. Property is not something they can bring home to sell, but it's something that they have to resell locally if they were to flip.

Hi Louis,

It seems state gov doesn't approve projects based on local needs, but based on the willingness of the developer to build and comply with building codes. This has resulted in limited supply of new properties under RM500k in prime areas.

February 17, 2012 at 5:13 PMniel

Another luxury condo....i already ask valuers. They dunno whether the mv there can reach 1000 sqft..huhu

March 1, 2012 at 12:32 PMUnknown

Today Open for Booking! with average RM1000/Sqft.

March 18, 2012 at 12:59 AMMr.Tan

already investor sapu 50% the good unit...left no more good unit

August 8, 2012 at 1:38 PMjack1981

Anyone know how big is the land size?

September 8, 2012 at 8:04 PMSuten Ooi

the total for the V residences is 1.8 acres.If include the show room is 2.225 acres.

October 12, 2012 at 4:01 PMDahlialover

Such a crazily priced property nowadays...the road access is just simply headache when it comes to festivities. You wouldn't want to dump so much money into such property even though it is nicely designed by a friend of mine.

Just go and do some research about the area before making such decision..just my two cents. Although I'm just the principle interior designer of JGICONCEPT DESIGN, i'm honored to be commenting here.

Hopefully my advice could be accepted open heartedly by all. ^^

October 12, 2012 at 8:02 PMCK

My goodness, you are one friend I can do without.... :)

October 12, 2012 at 8:19 PMDahlialover

Haha, CK..too bad if you're looking for "2 faced friend"..I'm not..just share what i have in mind. I'm not condemning his designs, it was awesome..I'm just referring to the price to location ratio. :)

October 12, 2012 at 9:13 PMCK

Well, dont get me wrong :) you are entitled to your opinion... So to touch on the location, whats wrong with the location? I think its superb. Nah... Its not that expensive if you have the means to buy...:). Its gurney drive dude :) not butterworth la.... That different story

Oh and if we are to argue on the traffic during festivities, its an open ended argument...

October 12, 2012 at 11:02 PMcondomana

Hi Dahlialover,

In your opinion, what is the fair price to pay for a Gurney Drive apartment, in terms of RM /sqft, putting into consideration the traffic condition, convenience/inconvenience etc.

October 24, 2012 at 3:55 PMTan Boon Cheong

Location wise, i think is good. If u look along gurney drive, its location is in the middle. One end is busy(sunrise tower end), one end too quiet( 1 persiaran gurney). Its location also near pulau tikus business area where bank, offices and market is within walking distance. Traffic is not a problem at all. One year once u may encounter some problem like wesak day otherwise is much better than gurney plaza area. The price is very much reasonable. If u look properly, there is only one land left for high rise project along gurney drive that is the corner club. The rest is too small. For land in pulau tikus area..if u are lucky..may be u can get 500/sf. If a developer buy the empty land for 500/ much do u think they will sell. Thus i think this project has good potential

October 24, 2012 at 5:19 PMCK

Hi Tan Boon Cheong,

This piece of land was bought at RM237.84psf. How much do you think SP Setia should sell then which is fair? Thank you...

October 24, 2012 at 6:22 PMTan Boon Cheong

They bought the land of course is cheap... What I am trying to say is...if they bought it at 237/sf and sell for 1k/sf...then for future developer who buy pulau tiles land for 500/sf...then the price they sell will be obviously higher than this...thus this project has it potential to go further....We all know very well that Penang land is very limited, of course the location also matter...looking at Andaman which are selling at 1200..I believe the land they bought at that time may be below 100/ selling at scary...but this is reality...of course for the buyers, there is always a risk....everything we do in life also carry some risk( cross the road also carry some risk) whether worth taking or not.....

October 24, 2012 at 9:32 PMTan Boon Cheong

Sorry I didn't answer ur question just now. Looking at other condo recently launched, one imperial at Sg Ara 450, raffles residence at gambier 700, katana TG tokong 1100-1200, Andaman 1200.... I think the fair price for V residence....I will go for 1300-1400/sf at the current price....

October 28, 2012 at 2:16 AMCK

Hi Boon Cheong,

Thank you for your response... But i wouldn't value it at 1400 yet when we can still get at 1k . I will take it now SP Setia is having a decent profit by selling at current price psf. I will not add further on this SV as Gurney will be Gurney :) aka a rose by any other name will still smell as sweet.... And I hope you are not one of those SP Setia cyber troopers trying to jack up the price :p

Well i do think The price for Andaman is over inflated on a reclaimed ex tsunami hit land build with super premium bricks maybe :) And Raffles too... But being a BSG project, it's full construction speed ahead rain or shine, can build and keep first i guess? Wouldn't make a dent on their coffer maybe... :)

October 30, 2012 at 8:48 AMTan Boon Cheong

Hi CK, hahaha.... I think I will not put my money in this project if it is 1400/sf. I was comparing the price with other projects... I think 1k/sf is a fair enough high but reasonable for it's location and quality. But I believe it has potential to go up further by looking at the price of other new launch projects...

July 14, 2015 at 7:31 PMjenniferlouise Khoo

Price from RM1100psf++, limited units available, serious buyer contact Jennifer now.
TEL: 016-4750441