Setia V Residences

Property Insight

Setia V Residences is a new luxury development located in the vicinity of Gurney Drive, near Georgetown and this development by SP Setia is expected to be completed by the year 2016. Consisting two massive 48 and 43 storey towers, this low density residence only offers a sum of 166 units in a 1.8 acres land. The homes in this residence comes with a built-up which ranges between 2,624 sf and 7,119 sf and this entire project is expected to get a gross development value of RM140 million.

Setia V Residences comes with several layouts, whereby the standard units in Tower A comes with 2,624 sf to 4,118 sf built-up and the penthouse in this tower comes with 4,593 sf to 7,119 sf built-up. Meanwhile, the Tower B in this residence comes with standard units which have 3,158 sf to 6,019 sf built-up and the penthouse in this tower comes with 5,647 sf to 6,019 sf built-up. Tower A has three units per floor, while Tower B only have two units per floor.

Furthermore, Setia V Residences also comes with numerous facilities namely sky deck, infinity pool, indoor and outdoor playroom, children's pool, sky lounge, gymnasium, sky garden, badminton court, 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 and 24-hour security to provide a luxurious living for the residents.

Setia V Residences is also surrounded by amenities such as Gurney Paragon, Gurney Plaza, Midlands Park Centre, SMK Convent Pulau Tikus, Alliance Francaise De Penang, Adventist College Of Nursing, Kelawei Mosque, Pulau Pinang Mosque, Dhammikarama Burmese Temple, PTPL College Penang, Malaysian Buddhist Institute, Tenby International and Private School, Sekolah Sri Inai, Penang Dental Surgery, Gleneagles Medical Centre, Geh Surgery and Ang Dental. Besides, this residence is also located just minutes away from Penang's famous tourist hotspot, the Gurney Drive.

Property Details

  • Name: Setia V Residences
  • Address: Lorong Burma, 10250 Georgetown, Penang
  • Developer: SP Setia
  • Completion Date: 2016 (estimate)
  • Type: Condominium
  • Tenure:
  • No. of Blocks: 2
  • No. of Storey
  • Tower A: 48
  • Tower B: 43
  • No. of Units: 166
  • Land Area:1.8 acres
  • Built-up: 2,624 - 7,119 sf
  • Launch Price
  • Tower A: From RM2,008,500
  • Tower B: From RM3,164,880

  • Layouts

  • Tower A
  • Standard (2,624 - 4,118 sf)
  • Penthouse (4,593 - 7,119 sf)
  • Tower B
  • Standard (3,158 - 6,019 sf)
  • Penthouse (5,647 - 6,019 sf)

  • Facilities

  • Sky deck
  • Infinity pool
  • Indoor & outdoor playroom
  • Children's pool
  • Sky lounge
  • Gymnasium
  • Sky garden
  • Badminton court
  • 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
  • 24-hour security

  • Analysis

    Setia V Residences was developed by the well known SP Setia, a firm which had won multiple awards in property development industry. The Edge Malaysia Top Property Developer (5 consecutive years), Euromoney Top Property Developer (3 consecutive years) and FIABCI Prix d’Excellence for Best Development Master Plan are among the awards received by this firm. SP Setia also developed numerous development to date such as Setia Eco Park, Setia Eco Gardens, Setia Eco Glades, Setia Ecohill and Eco Lakes. As for the early bird promotion, the developer offered 1% discount, as well as Developer Interest Bearing Scheme.

    Setia V Residences was launched in two separate phases, whereby Tower A was launched first with launch price from RM2,008,500 and Tower B was launched later on with launch price which begin from RM3,164,880. This residence is located strategically close to numerous amenities in a famous tourist hotspot. Besides, it has nice pristine sea and city view. In terms of price, it is obvious this project was targeted at big shots since it is a luxury development. So people who can afford the property should grab it and others would always have a choice of considering other new developments in the surrounding.


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