Setia V Residences

Gurney Drive/ 18 April 2011 Leave a comment


At Setia V Residences, you’ll take your place among an elite circle of individuals who live truly well. A meeting point between vibrant city life and Penang’s timeless heritage, your future abode provides living luxury unlike any other. In a contemporary lifestyle elegantly fused with charming nostalgia, exclusivity is your daily companion.

With a strategic location, private elevators, unparalleled facilities and ample space for flourishing lives, we’re providing you with a new heightened sense of sophistication. Brace yourself for unrivaled indulgences, for your ideal residence beckons.

Property Project : Setia V Residences
Location : Kelawai, Penang
Property Type : Luxury Condominium
Tenure : Freehold
Total Units : 178
Developer : SP Setia
Indicative Price: RM 2,800,000 onwards

  1. penang
    November 15th, 2011 at 22:58 | #1

    Bravo Gurney Penang


  2. DET
    November 24th, 2011 at 15:49 | #2

    total units should be 672! 😉

  3. SL
    March 8th, 2012 at 14:10 | #3

    open for booking d, but don’t know what is the offer package, but the price is crazy!

  4. Ops
    March 25th, 2012 at 07:52 | #4

    heard that 1000 per sq ft – should be 2.4m for one unit

  5. Pilipalak
    April 13th, 2012 at 15:40 | #5

    Just got these latest juicy info :

    Total Development : 166 units

    Tower A (Gurney Drive + Tg Bungah view) : 48 storey
    Type A1 – 4,118 sq ft
    Type A2 – 2,753 sq ft
    Type A3 – 2,624 sq ft

    Tower B (Georgetown + Pulau Tikus view) : 43 storey
    Type B1 – 3,158 sq ft
    Type B2 – 3,411 sq ft

    Pricing?? Too bad it is way-way off from ordinary folks like us with cheapest unit @ RM2.7mil while the penthouse unit would be as high as over RM7mil!!

    Sales officer from SP Setia said they need 4 year to complete the construction (first of the kind in Penang!) & subject to approval from Ministry of Housing (should be obtaining real soon).

    I met these few guys during at the sales gallery where they commented that maintenance fees @ RM0-50 per sq ft is considered cheap with so many facilties (hi-fi glass badminton court, sky squash court, dance studio, gym/yoga deck, infinity pool & etc). If you do a simple math on the smallest unit, the maintenance fees could very well set you back at more than RM1.3K per month; easily can pay a LMC Apartment instalment + Proton Saga instalment!!

    Now you can simply visualize how rich people feel like!!

  6. Dream
    May 11th, 2012 at 13:52 | #6

    How is the response?

  7. jack
    July 21st, 2012 at 01:16 | #7

    I went to property fair at gurney last week. Indeed the price is crazy…

  8. thor
    August 20th, 2012 at 12:09 | #8

    bad response…still many units left, i think will not sucess

  9. jackie
    September 1st, 2012 at 16:49 | #9

    oh really?
    The price has been put too crazily high already.
    it’s the same as in SKY88 in JB..800-900 per sq feet of apartment is ridiculous

  10. tan
    September 19th, 2012 at 21:59 | #10

    Looking at the Andaman price, I think this project is more worth buying. Andaman is selling at 1200/sf. Location wise gurney is always gurney…the name itself already tell u is expensive. The unit is not so many and the size is good for a family. And is nearer to town.the traffic at the site of gurney is not as bad as the gurney plaza end..and is near to bank , offices, market, shopping and so on…I think 1000/sf is still a good buy…of course the holding power must be there…the maintenance is 0.35/sf and below…1 St year maintenance may be waive. Comes with kitchenkitchen cabinetand appliance…kiv all rooms with Wall drobe..

  11. PG Guy
    October 22nd, 2012 at 13:22 | #11

    Ai yo…. at this pricing all the fittings will be sap sap suey la but sure cannot tahan the maintainance fee every month… very chia lat….

  12. PG Guy
    October 22nd, 2012 at 13:23 | #12

    We work morning till niht where got time to enjoy the facilities…. weekend sleep late by time wake up have brunch, walk about a bit and weekend nearly over…. sigh….. pressures of modern life……

  13. cheapo
    October 22nd, 2012 at 14:44 | #13

    This condo i think mostly buy by foreigner, or China ppl can get as free unit when they buy property in China. Rich ppl rather stay in bungalow than in condo, they can hired their own personal maid and driver and have own facilities which no need to be share. 2.8 millions for lower rich people they rather stay in 3 storey house or Semi-D. This condo aim for those rich people having 2nd wife or 3rd wife and artist or expat only. :)

  14. tan
    October 24th, 2012 at 11:08 | #14

    Of course we don’t buy because it comes with fitting…i am just comparing with andaman. For the fascilities, of course , nobody expect u to use it everyday…u don’t spend every day in the club u join, right? With the top notch fascilities that V residence can provide…these are just a plus point… But to be able to stay in this place…u can feel the class and the different life style…of course all this come with a price…no free lunch in this world..hahaha..

  15. tan
    October 24th, 2012 at 14:48 | #15

    Condo is like smart phone…when we buy, we buy the one with latest features. Because once it has built, extra new features are difficult to add into. For ur info, the block A is about 60% sold. 45% is local buyer, 15% is foreign. I am disagree that rich people only want to stay in bungalow. A lot of rich people now find it is more convenient to live in condo as they no need to have headache with the maintenance…at the the same time can enjoy the top notch facilities and security….society improve…people change…thinking also change….

  16. Buy or sell
    October 24th, 2012 at 15:37 | #16


    Manhattan rich will stay in condo, but Penang rich people will for sure live in bungalow or semi-d la. 60% includes 30% bumi reserve or not?

  17. tan
    October 24th, 2012 at 16:02 | #17

    60% genuine buyer…. People who have paid and signed S&P….

  18. Goppal
    October 24th, 2012 at 17:33 | #18

    whose the majority of buyers… penangites or….

  19. ezalor
    October 24th, 2012 at 19:42 | #19

    Condo always more secure compare to landed. How many times you heard got burglary happened in condo and the owner/family member got killed compare to landed unit?

  20. Buy or sell
    October 24th, 2012 at 23:02 | #20


    They don’t get killed, they jumped.

  21. Buy or sell
    October 24th, 2012 at 23:06 | #21

    tan :
    60% genuine buyer…. People who have paid and signed S&P….

    60% signed, add 30% reserved for bumi, 90% already la, sales ok wat! Still want to compare with Andaman for wat?

  22. tan
    October 24th, 2012 at 23:36 | #22

    Buy or sell
    Sorry to say this…I really feel sorry and pity for u…..really…I can feel how u felt…

  23. Buy or sell
    October 25th, 2012 at 09:26 | #23


    Sales already reach 90% still feel bad? Stop being greedy can?

  24. tan
    October 25th, 2012 at 11:40 | #24

    Buy or sell
    Please read properly….or may be u go back to ur English class …or may be get a new pair of glasses for urself…who said I feel bad?

  25. 123 Property
    January 17th, 2013 at 11:42 | #25

    I heard it is the first condo in Penang with Earth Quake Shock Resistance… @_@

  26. dPlaza
    March 11th, 2013 at 10:33 | #26

    Am interested 2 get 1 unt 4 myself. Smallest 2624 facing seaview. Called SA but said all A3 *type sold off already. Block B x open for booking yet.

    Any comments on this purchase? Its for own stay taking 50% loan. Working in gleaneagles.


  27. 123 Property
    April 1st, 2013 at 09:54 | #27


    dPlaza, you can try calling my friend Vincent at SPI Sales office. He should be able to assist you.

  28. QQ
    April 8th, 2013 at 14:16 | #28

    i heard block B is smaller compare with block A, not sure the price…

  29. biscuit
    April 12th, 2013 at 17:30 | #29

    thought someone told me they have 1400sf coming up…

  30. dPlaza
    April 18th, 2013 at 10:40 | #30

    Called SPI office but your friend Vincent not around. Spoke to another lady Mei and said A3 type all sold off.


    People are buying props like buying cookies and i am not talking abt cheap ones here, but atleast 2mil and above props!

  31. Dj_amp
    June 2nd, 2013 at 14:54 | #31

    tan Sri Michelle booked one unit in block a! Wander who’s the lucky neighbor…… :p

  32. ST
    June 2nd, 2013 at 15:07 | #32

    Who want to be her neighbour ,Stupid ?

  33. Cardevect
    June 27th, 2013 at 14:47 | #33

    Tower B will be launching soon

    Smaller units…

    1 and 2 bedroom…

    Think this is good for future investment

    size ranging from 1300sf-1800sf

  34. Dr Tan
    June 28th, 2013 at 15:25 | #34

    Setia V Residence type A3 2624sf only left with 6 units.

    A friend of my just bought a unit this week which is above 40th floor. I have been following him to check out some developments and finally he choose V Residences simply because of the location.

  35. ezalor
    June 28th, 2013 at 15:45 | #35

    @Dr Tan
    I know it is a good location, but to me, seem like it is better for richman weekend house, not suitable for normal people which need to commute in/out daily. The traffic there is really bad…now without Paragon fully open, I already experienced been locked inside Gurney Plaza parking lot for 1 hrs during weekend night (because the Gurney drive and Jalan Kelawei are too jam).

    Imagine you got timetable to follow, at this A period, should not go out, because it jam outside. At this B period, should go back yet, because the road still packed with tourist and outsiders.

    If I am rich, I can buy as one of my weekend house collections. But if you ask me to stay there every day, I prefer not.

  36. Cardevect
    July 5th, 2013 at 10:21 | #36

    In Penang, I cannot think of a location which is not jam.

    Fettes Park? Bayan Baru? Greenlane? Jelutong? Air itam? Sungai Ara? Sungai Nibong? Gelugor?

    I think is basically is the convenience of Gurney Drive.

    You can get food within walking distance.

    You can even walk to both Gurney Plaza and Gurney Paragon to dine, for movies and shopping.

    You got schools kindergarten, primary and secondary schools and even colleges near by within 3-5km.

    Not mentioning health care facilities like Hospitals, Adventist, Loh Guan Lye, Gleneagles and Island Hospitals are all near by.

    Banks are near by too, Hong Leong, Public Bank, Bank of China, CIMB, UOB, Maybank, Al Rajhi and many more.

    3km to Georgetown, Penang World Heritage Sites.

    Seems like the reason most people buy around Gurney Drive is because it is a strategic location to stay.

  37. MeiX2
    August 1st, 2013 at 12:16 | #37

    Does this project come with DIBS? Aiming for Block B launch. Please enlighten.

  38. sharon tan
    September 12th, 2013 at 21:41 | #38

    1370 will be the smallest unit for Tower B. Please feel free to call me.0124732729

  39. Pen-Condo
    September 16th, 2013 at 15:38 | #39

    Total number of units?
    Land area?

  40. 123 Property
    September 20th, 2013 at 09:00 | #40

    Setia V Residences Tower B was open for booking yesterday…selling from RM1100 psf to RM1300 psf…

  41. Newtown
    September 20th, 2013 at 09:16 | #41

    Launcing price same as Tower A’s 1100psf? Tower A buyers did not make any paper gain then.

  42. Chocolate
    September 20th, 2013 at 11:34 | #42

    I was told 1300psf.

  43. Pepsi
    September 23rd, 2013 at 13:17 | #43

    – Anyone interested to let go type B2 at level 19 or 20,
    please contact/ whatsapp 016-4750441.
    Terms can be discussed.
    Thank You.

  44. Dion
    September 29th, 2013 at 23:58 | #44

    any bank offer better than BLR-2.40%?

  45. Vincent Lee
    September 30th, 2013 at 18:04 | #45

    CIMB is giving -2.40%-2.45% if I am not mistaken

    OCBC should be around -2.40%

    RHB should be able to go up to -2.5% but with T&C

  46. bma
    October 2nd, 2013 at 13:31 | #46

    12b want?

  47. bm
    October 5th, 2013 at 01:01 | #47

    Anyone want to release for B2 the 1370 smallest unit ?

  48. DANY
    November 7th, 2013 at 14:07 | #48

    im looking for b2 unit.text me 012 4770236

  49. CK Lawrence
    November 26th, 2013 at 21:44 | #49

    Anyone attending the cocktail party this Thursday? exclusive for buyers…

  50. william
    November 26th, 2013 at 22:25 | #50

    I will go. want to find out more on this project. I rcd an invitation fm them.

  51. tim
    December 27th, 2013 at 17:24 | #51

    Can anyone help to comment about the Seri Tanjung Pinang Phase 2 land reclamation plan (along Gurney coastline)?

    Will there be any high rise condo on this reclaimed land?

    Will the view of Setia V be effected?

  52. Goppal
    January 2nd, 2014 at 12:11 | #52

    @123 Property
    not the first….. springtide super condo has it already…..

  53. Jojo
    January 21st, 2014 at 11:46 | #53

    fully sold?

  54. J
    January 25th, 2014 at 19:30 | #54

    Visited the office 1 mth+ ago.

    Small units 1,300 ft-1,400 ft – fully sold at RM1,300-RM1,400 per ft).

  55. ong
    February 22nd, 2014 at 06:28 | #55

    The E&O STP2 reclamation plan is finalized.

    The seaview is not affected. The reclaimed land from the mid of Gurney drive (Setia V) to end of Gurney drive (PG1) is 100m in width. It is meant for open space, promenade and expressway.

    However, the seaview at the Gurney Plaza end might be affected. There are 3 pcs of reclaimed land (total 50 acres) are named as gornment reserve. Most likely these are the lands to be given to the tunnel contractors.

    Any comment?

  56. prophunt
    September 14th, 2014 at 12:00 | #56

    I was drawn to this project. However, on closer examination of the floor plans, I could not find any maid’s toilets ( presumably the utilities could be used as a maid’s room) for the medium size units ( ie. 1700 and 1800 odd sq. ft ). Such units are considered luxuriously large in places such as Singapore or Hong Kong. And for anyone who is rich enough to pay some $2 Million ringgit for the property, I am sure he wishes to have the option to employ a maid and have a maid’s toilet. I wonder what was on the designer or developer’s mind. I was disappointed. Correct me if my reading of the floor plan is wrong.

  57. Chin
    May 31st, 2016 at 09:04 | #57

    @prophunt, i was, too surprised by the fact that there is no maid’s unit. Then came across another property a stone throw away by E&O. You can see the building from V residence, it is just next to the straits quay. you should check it out. I personally think it has a good design concept. you may go and have a look then judge for yourselves. the project is called andaman

  58. Terr
    May 31st, 2016 at 10:25 | #58

    how is this project?

  59. Chin
    May 31st, 2016 at 12:58 | #59

    Overall concept is not bad, the few things that concern me is that it’s opposite cemetery and a mosque. Then after the gurney wharf is reclaimed there will be more traffic passing through at high speed with all those noise, It no longer feel as exclusive already.

  60. Looking around
    July 27th, 2020 at 18:34 | #60

    How’s the sale of this project anyone know? Is it opposite cemetery? I thought opposite the sleeping Buddha temple? 😀 Anyway, just ask for fun as my current main objective is to fend off COVID and put food on the table…3m for a condo is no joke… I can eat 1 million plate of char keow Teow already.

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