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)

44 comments

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 AMAnonymous

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/sf...how 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

Hi CK
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/sf..now selling at 1200...is 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)...is whether worth taking or not.....

 
October 24, 2012 at 9:32 PMTan Boon Cheong

Hi CK
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 price...is 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

 
December 6, 2016 at 12:05 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

Owners who are willing to let go or rent can contact me too. TQ

 
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November 9, 2017 at 9:08 PMproperty jack

hi owner any property wan to sale pls contact me jack
email: th.shim@yahoo.com
+6012-5638718

thank you
have buyer consider .......OR rent
我们将会提供您最专业的服务

 
January 4, 2018 at 8:24 PMFong Sien

Setia V Residence , Gurney Drive, Penang

- 1,400 sq ft, 2+1 bedrooms, 2 bathrooms
- 2 car parks (side by side)
- renovated & furnished
- sea view
- with condominium facilities
- freehold
- strategic location
- CCC already obtained
- For Sale at RM 2,280,000 negotiable

Fong Sien
Rich Hill Realty
H/P : (016) 492-7181

 
January 11, 2018 at 9:26 PMFong Sien

Setia V Residences, Gurney Drive, Penang

- 1,376 sq ft, 2+1 bedrooms, 2 bathrooms
- 2 car parks
- renovated & partially furnished
- sea view
- with condominium facilities
- freehold
- strategic location
- CCC already obtained
- For Sale at RM 2,200,000

Fong Sien
Rich Hill Realty
H/P : (016) 492-7181

 
January 24, 2018 at 4:29 PMFong Sien

Setia V Residences, Gurney Drive, Penang

- 1,376 sq ft, 2+1 bedrooms, 2 bathrooms
- 2 car parks (side by side)
- renovated & furnished
- sea view
- with condominium facilities
- freehold
- strategic location
- Selling with tenancy RM 4,500 per month (2 years contract)
- For Sale at RM 2,280,000 negotiable

Fong Sien
Rich Hill Realty
H/P : (016) 492-7181

 
January 25, 2018 at 12:01 AMKenneth Kung

2.5 Storey Bungalow With Land 8500sqft RM 1,770,000
Batu Ferringhi 2.5 Storey Bungalow For Sale Open Bidding
33% Below Bank Value

Land Area 8500sf
Built up 4000sf
5 bedrooms ,4 bathrooms
3 Balconies

Market Value Rm 2,650,000
Reserve Price Rm 1,770,000Only
(RM 208 PER SQUARE FEET)
Worth for Investments
Cheaper in Market

Agents are welcome co -broking.Know more about open bidding ways please can contact
Kenneth Kung 016 5216618
For viewing or whatapps more info
Thank you

 
January 25, 2018 at 12:12 AMKenneth Kung


Fully renovated Built in kitchen cabinet hob and hood,built in wardrobe 2 rooms,built in air conditions
Partly Furnished with refrigeration,washing machine
Cheaper unit in market
2 car parks side by side
Seaview unit
2.2m negotiable
Cheaper in market
High level

Kenneth Kung 016 5216618
Thank you
Any interested can ditect call me
Keys in hand

 
January 27, 2018 at 3:54 PMKenneth Kung

Setia V Residences
2623sf 2.9m negotiable
seaview 2cp Partly furnished
Type A3

1643sf city view
Thye B3 partly furnished
2cp 2.3m negotiable

Interested or viewing please contact Kenneth Kung
016 5216618
Thank you

 
February 2, 2018 at 1:19 PMFong Sien

Setia V Residences, Gurney Drive, Penang

- 1,376 sq ft, 2+1 bedrooms, 2 bathrooms
- 2 car parks (side by side)
- renovated & furnished
- sea view
- with condominium facilities
- freehold
- strategic location
- Selling with tenancy RM 4,500 per month 2 years contract from January 2018
- For Sale at RM 2,190,000 negotiable

Fong Sien
Rich Hill Realty
H/P : (016) 492-7181

 
February 25, 2018 at 11:03 AMsummer lee

Any owner wish to letting go? Email me at vivianchan_340@yahoo.com

 
March 6, 2018 at 11:59 PMJaycus

Hi,

I have few units on hand for sale and rent. Don't Hesitate to contact me or watsapp me. I will serve you best. Thank You.

If Owner want to sell or rent your unit, you are welcome to contact me too. Thank You.

Jaycus (From Lynl'D Realtor)
0172262899
jaycus1985@gmail.com


----------------------------------------------------------------------


嗨,

我手头上有几个单位可供出售和出租。 不要犹豫,联系我或watsapp我。 我会为您提供最好的服务。 谢谢。

如果业主想出售或出租你的单位,欢迎与我联系。 谢谢。

Jaycus(来自Lynl'D房地产经纪人)
0172262899
jaycus1985@gmail.com

 
June 8, 2018 at 9:32 PMsummer lee

Any owner wish to let go? Can email me at vivianchan_340@yahoo.com

 
July 14, 2018 at 12:05 AMjack shim

For Sell 出售
012 5638718