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SETIA V RESIDENCES

Lorong Burma, 10250 Georgetown, Penang

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 Categories Condominium

2016
(Year of Completion)
This project was completed 1 year ago
Launch Price RM 1,906,750 - RM 8,962,800
Subsale Price NIL
Rental Price NIL
Maintenance
From 2,624 sq ft
Built Up
Residential
Land Title
Freehold
Tenure
2
Total Blocks
48
Total Storey
166
Total Units
2
Parking
See more details about Setia V Residences

Floor Plans

Bedrooms
4 + 1
Bathrooms
4 + 2
Category
Condominium
Built Up
4118 sq ft

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Setia V Residences Review

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Setia V Residences are beautiful twin towers set against the landscapes of Gurney Drive. It is the landmark of Gurney Drive with its elegance and panoramic views of its surroundings as one of the tallest buildings in the area. It is a very well designed building with a fusion of charming heritage and contemporary designs, where its facilities were designed to take advantage of its height in the air and its views.

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
Barbecue area

Extras

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants

Developer

SP Setia Bhd Group

S P Setia Berhad – Company Overview
S P Setia Berhad is recognised as Malaysia’s leading listed real estate player with a proven track record of innovation-driven and standard-setting developments. The Group’s strength lies in its prowess in creating meaningful environments based on its development philosophy of Live Learn Work Play.

The developer has built a solid base in Malaysia offering an extensive product range which includes townships, eco sanctuaries, luxury residences, business parks, commercial and retail developments.

Incorporated in 1974, S P Setia started out as a construction company and was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) in 1993. In 1996 it refocused its core business to property development with supporting businesses in construction, infrastructure and wood-based manufacturing.

Award-winning Developer
S P Setia is the only Malaysian developer to be recognised six times by the International Real Estate Federation (FIABCI) for three Best Master Plan Developments, one Best Residential (Low-Rise) Development, a Specialised Project (Purpose-Built) and a Best Retail Development award. Locally, the Group has garnered eight FIABCI Malaysia Property Awards.

S P Setia’s product and service quality is recognised by the industry and attested by its No.1 ranking in The Edge Malaysia Top Property Developers Awards which it won for the 8th time in 2013. No other developer has achieved this feat since the inception of the awards.

A Growing International Presence
In the last seven years, the Group has also spread its wings to Vietnam, Singapore, Australia and more recently the United Kingdom.

S P Setia’s foray overseas began in 2007 when Vietnam’s top state-owned conglomerate, Becamex IDC Corp, chose S P Setia as its joint-venture partner to launch its 558-acre, USD880 million GDV township project, known as EcoLakes at My Phuoc. Following this success, the Group has also launched a mixed development project called Eco Xuan at Lai Thieu in Tuan An District, Binh Doung Province.

In 2009, S P Setia established an office in Singapore and two years later, the Group acquired a 29,440 sq ft site to develop a high-rise condominium called 18 Woodsville. The successful launch of this project spurred the developer to acquire another parcel of land for the luxury high-rise project of Eco Sanctuary.

In June 2011, the Group previewed its first project in Melbourne called Fulton Lane, a high-rise condominium with distinctive architecture provided by the acclaimed Karl Fender of Fender Katsalidis Architects.

Fulton Lane’s successful launch spurred S P Setia to look at more opportunities in Melbourne and the Group acquired another piece of land, this time on the upmarket St Kilda Road, also in the City of Melbourne for its Parque project.

In April 2012, S P Setia was invited by the Malaysian Government to lead the Malaysian consortium formed to jointly develop the China-Malaysia Qinzhou Industrial Park (QIP). In September the same year, S P Setia acquired Battersea Power Station together with Sime Darby and the Employees Provident Fund through a joint-venture consortium.

Driving the Malaysian Property Sector
S P Setia enjoys a strong presence in the state of Selangor, Malaysia through its flagship projects, the 2,525-acre Setia Alam and 791-acre Setia Eco Park. In the city of Kuala Lumpur, the developer has built three high-end projects which are Duta Nusantara, Duta Tropika and Setiahills.

Leveraging on the strong demand for commercial and investment grade properties, S P Setia has also expanded into the commercial sector with projects such as SetiaWalk, Setia Avenue, the Group’s first maiden retail mall project called Setia City Mall and the upcoming KL Eco City. The futuristic KL Eco City with its focus on sustainable development will function as a nexus of residential, commercial and recreational interests for the estimated six million inhabitants of Kuala Lumpur and Selangor.

S P Setia is also well established in the state of Johor, Penang and Sabah, three other key economic regions in Malaysia.


[More Details: Official Website]

Nearby Property Price Analysis

Upcoming Properties Nearby

Did you know?

Check out the value of surrounding upcoming properties to make the best buying decision.

Property Name Year of Completion Launch Price Ad Selling Price
Setia V Residences 2016 RM 1,906,750 - RM 8,962,800 RM 3,504,960 - RM 3,504,960
RM 1,335 psf - RM 1,335 psf
Moulmein Rise 2016 From RM 2,500,000 NIL
1 For Sale in Setia V Residences
Recently Completed Properties Nearby

Did you know?

Check out the value of surrounding recently completed properties to make the best buying decision.

Property Name Year of Completion Ad Selling Price Ad Rental Price Avg Transacted Price Avg Rental Yield (%)
Setia V Residences 2016 RM 3,504,960 - RM 3,504,960
RM 1,335 psf - RM 1,335 psf
NIL NIL NIL
Y Cantonments Mar 2017 RM 3,500,000 - RM 3,800,000
RM 700 psf - RM 760 psf
NIL RM 1,469,799 (RM 762 psf) NIL
Mansion One 2015 RM 650,000 - RM 1,190,000
RM 906 psf - RM 1,113 psf
RM 2,400 - RM 2,400 RM 480,317 (RM 758 psf) 3.7 %
The Manor Dec 2013 From RM 5,050,000 NIL NIL NIL
8 Gurney 2013 RM 3,225,000 - RM 6,000,000
RM 465 psf - RM 568 psf
RM 7,500 - RM 7,500 RM 4,432,857 (RM 481 psf) 2.34 %
Gurney Paragon Sep 2011 RM 2,980,000 - RM 3,500,000
RM 951 psf - RM 1,209 psf
RM 7,000 - RM 7,000 RM 3,017,000 (RM 956 psf) 3.13 %
H Residence 2009 RM 2,600,000 - RM 2,900,000
RM 520 psf - RM 580 psf
RM 6,000 - RM 6,000 RM 2,278,443 (RM 462 psf) 2.29 %
1 For Sale in Setia V Residences 7 For Sale in Y Cantonments 1 For Rent in Y Cantonments 7 For Sale in Mansion One 7 For Rent in Mansion One 4 For Sale in 8 Gurney 5 For Rent in 8 Gurney
Nearby Property Transactions Price Trend

Did you know?

Check out the past transacted prices of this neighbourhood to make the best buying decision.

Non-Landed Landed Commercial
0 - 500 sq ft - - RM 375 psf
500 - 1,000 sq ft RM 757 psf RM 444 psf RM 568 psf
1,000 - 1,500 sq ft RM 692 psf - -
1,500 - 2,500 sq ft RM 817 psf RM 772 psf RM 1,129 psf
2,500 - 4,000 sq ft RM 801 psf RM 382 psf RM 225 psf
4,000 sq ft and above RM 609 psf RM 371 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 676 psf
Non Landed Properties
RM 518 psf
Landed Properties
RM 568 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees
  • My Affordability

    Down Payment (10%) RM 190,675
    Loan Amount ( 90 %) RM 1,716,075
    Tenure Years 35 Years
    Interest Rate %
    Interest Amount RM 1,716,075
    Others (Estimation) RM 10,000
    Personalize Your Mortgage
    Monthly Installment
    RM 3,000 ±
    Mortgage Provided By
    Maintenance Fee
    RM 1,049 ±
    RM 0.4 psf (2,624 sq ft)
    Total Monthly Expenses
    RM 3,000 ±
    Home Mortgage Calculator

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