Setia V Residences, Gurney, Penang

Setia V Residences is a freehold condominium in Georgetown, Penang. Located along the highly-coveted Gurney Drive, this luxurious development comprises two towers overlooking Gurney Bay (Gurney Wharf). There are 178 units in total, with 2, 3, or 4+1 bedroom units encompassing 1,376 sq ft – 4,118 sq ft.

Just a mere stroll away from the iconic Gurney Bay, Setia V Residences is strategically positioned in the heart of Penang’s world-renowned tourist destination. Bask in an exceptional living experience with up to 4,118 sq ft built-ups and select penthouse units – crafted for the discerning few who appreciate privacy and exclusivity. At the end of a hectic work day, take a dip in your own private balcony jacuzzi overlooking a panoramic sea view of the Straits of Malacca.

This development is located along Lorong Burma, which branches off directly from bustling Gurney Drive. It is accessible via major roads such as Jalan Tanjung Tokong, Jalan Kelawai, Jalan Mount Erskine, and Jalan Utama among many others. Penang Bridge is just a 10 km drive away, while Penang International Airport is approximately 20 km away.

Setia V Residences towers above Georgetown as one of the tallest residential skyscrapers in the area – Tower A is a whopping 48-storeys tall, while Tower B stands 31-storeys tall.

Tower A houses the larger units, with only 3 units per floor served by 5 lifts. Tower B on the other hand, houses the smaller 1,000+ sq ft units, with 4 units per floor served by 3 lifts.

The main facilities podium is located on Level 11 of Tower A, with several other amenities placed throughout various floors of the building. Here, residents will find an infinity pool, sauna and steam room, BBQ garden, gymnasium, dance studio, badminton court, and squash court.

Children are well catered for with a playground, play room, and children’s pool located on Level 6. There are also dedicated rooftop facilities over on Tower B, including a sky aqua gym, sky lounge, and sky pavilion.

Penang Buddhist Free School, SJK(C) Union, SMK Westlands, Phor Tay Private High School, and SMJK Perempuan China are a handful of the many local schools within the vicinity – all within a 2 km radius. Nearby international schools include St. Christopher’s International School, Stonyhurst International School, and Wesley Methodist School Penang.

Meanwhile, Wawasan Open University, SEGi College Penang, UOW Malaysia KDU Penang University College, RCSI & UCD Malaysia Campus, and DISTED College are located within 4 km from this project.

Residents are spoiled for choice where healthcare is concerned. Gleneagles Hospital Penang, Island Hospital, Loh Guan Lye Specialists Centre, Penang General Hospital, and Penang Adventist Hospital are all within 3 km or less from the property.

Gurney Drive is famed for its namesake shopping destinations of Gurney Plaza, Gurney Paragon, and GurneyWalk. These are all within 1 km walking distance from Setia V Residences. Other malls in the vicinity include Straits Quay Retail Marina and 1st Avenue Mall.

Pulau Tikus Hawker Centre is just 550 m from this project, while Gurney Drive Hawker Centre is only 1 km away. Other popular foodie hotspots such as New Lane Street, Chulia Street, and Presgrave Street are approximately 3 km away.

Currently being developed, the highly-anticipated Gurney Bay is a seafront park directly opposite Setia V Residences. Its proposed masterplan includes a beach, water gardens, coastal grove, and lifestyle area. Major tourist attractions in Georgetown UNESCO World Heritage Site such as the Clan Jetties are approximately 4 km away.

The Gurney Bay project (previously known as Gurney Wharf) has a Gross Development Value (GDV) of RM200 million and is expected to be fully completed in 2025. It is expected to give added economic value and spillover to the surrounding area by attracting both local and international visitors. Additionally, Bayan Lepas Free Industrial Zone (FIZ) is approximately 20 km away.

This luxurious development is brought to you by Kay Pride Sdn Bhd, a subsidiary of S P Setia Berhad. Established in 1974, S P Setia is a leading developer most recognised for its flagship township of Setia Alam in Selangor. Another major development in Penang by S P Setia includes the 1,691-acre township of Setia Fontaines in Kepala Batas.

This project was completed in 2017. Keen buyers can request for a visit to the showflat at Setia Sales Suite, Gurney Drive, No. 25, Lorong Burma, George Town, 10350 Pulau Pinang. Alternatively, head to Setia Experience Centre (SEC), 2296, Lingkaran Setia, Bandar Setia Fontaines, 13200 Kepala Batas, Pulau Pinang.

This development is sited on 1.82 acres of freehold, residential-titled land. Strategically located along the famed Gurney Drive and the upcoming Gurney Bay, it is surrounded by 5-star hotels, luxury residences, malls, restaurants, and hawker centres.

All units are designed to include an entrance foyer, utility room, yard, and wet kitchen.

Of note are the larger layouts in Tower A, which come with an extra suite of luxurious additions. These include a jacuzzi dip pool in the balcony, a maid’s room (with either an ensuite or shared bathroom), and in the master bathroom; a walk-in wardrobe, bathtub with floor-to-ceiling windows, and double vanities (His and Hers wash basins).

Type A1 has a distinct V-shaped layout which inspired the project’s name – Setia V Residences. This layout separates the communal living and guest spaces from the more private bedroom zones, providing an added layer of privacy.

Residents can expect to pay maintenance fees of approximately RM0.40 psf, which works out to between RM550.40 – RM1,647.20, depending on the unit size.

Based on iProperty listings at the time of writing, current rental rates range from approximately RM5,000 – RM8,500, depending on the unit.

Launch prices start from RM2 million and onwards, depending on the unit. Based on iProperty listings at the time of writing, current selling rates range from approximately RM1.88 million – RM4.6 million.