Gurney Drive, George Town · Completed 2017 · Subsale
Setia V Residences
Two freehold towers by S P Setia on the former Tenby School site off Gurney Drive, with large homes from 1,376 sq ft to penthouses over 7,000 sq ft, within a kilometre of Gurney Plaza and Gurney Paragon.
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Answer block
Setia V Residences at a glance
Every figure here comes from the developer, the government housing register or the property records named at the foot of the page. Where sources disagree, the range is shown. Where nobody has published a number, it is not on this page.
Development
Setia V Residences
By Kay Pride Sdn Bhd, an S P Setia subsidiary
Address
23 Lorong Burma
10350 George Town, off Gurney Drive
Tenure
Freehold
Completed
2017
Topped out in 2016
Towers
2 towers
Tower A 48 storeys; records differ on Tower B (31 to 43)
Units
166–178
Records differ
Layouts
1,376–7,119 sq ft
2-bedroom units to duplex penthouses: Types A1–A3 and B1–B4, with garden-terrace B2G and B3G in Tower B (developer brochure)
Foreign buyers
Generally eligible
Asking prices start above the RM1 million island minimum
Why this address
Four things buyers weigh at Setia V Residences
A low-density luxury address a walk from Gurney Drive. Here is the case, and the catch.
A Gurney Drive address
Gurney Plaza, Gurney Paragon and GurneyWalk are all within a kilometre, with Gleneagles, Island and Loh Guan Lye hospitals within about 3 km.
Few homes per floor
Records give two to three units a floor across two towers on 1.8 acres, so lifts and corridors are shared by few neighbours.
Freehold, large layouts
Units run from 1,376 sq ft to penthouses over 7,000 sq ft, which suits families moving up and foreign buyers above the RM1 million line.
What to weigh: yield and price
EdgeProp puts the gross yield at about 2.8%, low for Penang, and asking prices of RM1.75 million upward leave a small pool of buyers when you sell.
The development
Setia V Residences, decoded
Two towers on about 1.8 acres of the former Tenby School campus. Records differ on the height of Tower B and on the unit count.
The towers
Facilities
As listed on StarProperty, iProperty and PropertyGuru; floor levels are not published.
Water
Pools and spa
- Infinity pool
- Children’s pool
- Wading pool
- Jacuzzi
- Sauna and steam room
Active
Sports and fitness
- Gym
- Sky aqua gym
- Squash court
- Badminton court
- Yoga deck
Residents
Shared spaces
- Sky lounge and sky garden
- Banquet hall
- BBQ garden
- Games and reading rooms
- 24-hour security
Where the project is now
Layouts
All 9 Setia V Residences layouts
9 layout types, from 1,376 to 7,119 sq ft. Sizes from the developer’s published plans, checked October 2026. Other layouts may exist; ask for the full list. Tap any layout and the drawing comes to your WhatsApp.
Type B2G / B3G
Tower B garden-terrace variants of B2 and B3 · sold out
Get this floor planAsk price & availability →Type B2 — 1,376 sq ft
2 bed 2 bath · 1,376 sq ft · Tower B · sold out
Get this floor planAsk price & availability →Type B1 — 1,450 sq ft
2 bed 2 bath · 1,450 sq ft · Tower B · sold out
Get this floor planAsk price & availability →Type B3 — 1,643 sq ft
2 bed · 1,643 sq ft · Tower B · sold out
Get this floor planAsk price & availability →Type A3 — 2,624 sq ft
3 bed 4 bath · 2,624 sq ft · Tower A · 4+1 bath · sold out
Get this floor planAsk price & availability →Type A2 — 2,753 sq ft
3 bed 4 bath · 2,753 sq ft · Tower A · 4+1 bath
Get this floor planAsk price & availability →
Type A1 — 4,118 sq ft
4 bed 5 bath · 4,118 sq ft · Tower A
Get this floor planAsk price & availability →Price and rent by layout
What each layout is asking at Setia V Residences
Asking prices and rents seen on iProperty in October 2026, matched to each layout by size. Asking prices are not sale prices; compare them with the recorded transactions above.
| Layout | Size | Asking price | Asking rent | Listings |
|---|---|---|---|---|
| Type B2 | 1,376 sq ft | RM1.55m | – | 1 |
| Type B1 | 1,450 sq ft | RM1.58m | – | 2 |
| Type A3 | 2,624 sq ft | RM3m–3.2m | – | 3 |
| Type A2 | 2,753 sq ft | RM3.4m–3.65m | – | 4 |
| Type A1 | 4,118 sq ft | RM3.8m–4.07m | – | 10 |
Photos
Setia V Residences in pictures
Image from the developer’s website
Gallery
Setia V Residences in pictures
Images from the developer’s marketing material unless stated. Ask for the full set on WhatsApp.
Location & connectivity
Where Setia V Residences sits
23 Lorong Burma, 10350 George Town, Penang, just off Gurney Drive.
The recorded numbers
The price numbers
Recorded sales and asking prices are different things. Transacted figures come from deals recorded with the government valuation department; asking figures are what owners or the developer are listing at.
| Measure | Figure | Source and date |
|---|---|---|
| Transacted price median, last 48 months | RM1,475 psf · typical RM1,280–1,519 psf | EdgeProp, viewed 2 Oct 2026 |
| Asking price for sale | RM1.75m–4.1m · about RM893–1,586 psf | PropertyGuru listings, Oct 2026 |
| Asking rent whole units | About RM4,500–8,500 a month | iProperty and PropertyGuru listings, Oct 2026 |
Transacted figures are recorded sales; listing figures are asking prices. EdgeProp estimates the gross yield at about 2.8%.
Track record
About S P Setia Berhad
S P Setia Berhad is a Bursa-listed Malaysian developer. Setia V Residences was built by its subsidiary Kay Pride Sdn Bhd and completed in 2017.
The site is the former Tenby School (Sri Inai School) campus, cleared in 2011.
Around the building
What is near Setia V Residences
The closest places on the map, measured in a straight line from the building. Driving distances are longer.
🚉 Getting around
- KOMTAR Terminal~2.7 km
- Express Bus Counters (GJG, Billion Star, Super Nice)~2.7 km
- Jetty B~3.7 km
🛍️ Malls
- Gurney Paragon Mall~500 m
- Gurney Plaza~700 m
- 1-Stop Midlands Park Centre~900 m
🎓 Schools
- Sekolah Kebangsaan Convent Pulau Tikus~600 m
- Sekolah Menengah Kebangsaan Convent Pulau Tikus~700 m
- St. Xavier Branch Primary School~800 m
- SJK (C) Phor Tay~1.2 km
🏛️ Colleges and universities
- Adventist College of Nursing & Health Sciences (ACNHS)~1.1 km
- DISTED College~1.3 km
- Penang Nursing College~1.6 km
🏥 Hospitals
- Gleneagles Penang~900 m
- iTCM Healthcare Centre~1.0 km
- Penang Adventist Hospital~1.1 km
Map data © OpenStreetMap contributors. Names as recorded on the map; check opening and enrolment details yourself.
Is it for you?
Which kind of buyer are you?
The same building suits different people for different reasons. Pick the line that sounds like you.
🏠 Living here yourself
Layouts here run from about 1,376 to 7,119 sq ft. Ask me which stacks get the better view and the least afternoon sun; that changes the price more than the floor.
💰 Buying to rent out
Compare the recorded rents in "The price numbers" above with the instalment on your loan. Smaller layouts usually rent faster; larger ones hold tenants longer.
👨👩👧 Family with children
Check the school and clinic distances in the location section, the number of car parks per unit and how busy the lifts are at 7.30 am.
✈️ Buying from overseas
Foreigners can only buy above the state minimum price and pay 8% stamp duty from 2026. Ask me which units here qualify before you shortlist.
Straight talk
What I will not hide from you
Every project has trade-offs. These are the ones I would want to know before paying a deposit.
- ⚠️ A newer project, so many owners are renting out at the same time. Expect competition for tenants for the first few years.
- ⚠️ Asking prices are not sale prices. Compare any offer with the recorded transacted price per sq ft above before you commit.
The real cost
What buying here costs in 2026
Worked example for a unit at RM4,100,000, around the typical asking price here. Your figures will differ with the price and the bank.
| Malaysian buyer (90% loan) | Foreign buyer (70% loan) | |
|---|---|---|
| Purchase price | RM4,100,000 | RM4,100,000 |
| Down payment | RM410,000 | RM1,230,000 |
| Loan amount | RM3,690,000 | RM2,870,000 |
| Stamp duty on transfer (MOT) | RM148,000 | RM328,000 |
| Stamp duty on loan (0.5%) | RM18,450 | RM14,350 |
| Lawyer, sale agreement (incl. 8% SST) | RM45,630 | RM45,630 |
| Lawyer, loan agreement (incl. 8% SST) | RM41,202 | RM32,346 |
| Cash needed before keys | RM663,282 | RM1,650,326 |
| State consent fee for foreigners | – | Set by each state; ask me for the figure |
Estimates only. Stamp duty: 1–4% tiers for Malaysians and PRs, 8% flat for foreigners from 1 Jan 2026. Legal fees follow the Solicitors’ Remuneration Order 2023. First-time Malaysian buyers of homes up to RM500,000 may get a stamp duty exemption until 2027. Valuation, disbursements and moving costs are not included.
Get these numbers for a real unitCalculate my exact costs →Straight answers
Frequently asked questions
Is Setia V Residences freehold?
Yes. All portal records give freehold tenure.
When was Setia V Residences completed?
In 2017, after the towers topped out in 2016. Most sales today are subsales, but S P Setia’s May 2025 brochure still lists some Type A1, A2 and B4 units as available from the developer.
How big are the units?
From 1,376 sq ft for the smallest layout (Type B2) to over 7,000 sq ft for the largest penthouses. Records differ on some Tower B layouts.
Can a foreigner buy here?
On Penang Island a foreigner can generally buy a strata home priced at RM1 million or more (RM3 million for landed homes), with state consent from the Penang Land and Mines Office. The state charges an approval levy of 3% of the price, reduced to 1.5% for island strata homes priced between RM1 million and RM1.5 million, and a foreign owner may resell only after three years from the SPA date. Stamp duty on the transfer of a home is a flat 8% for foreign buyers from 1 January 2026.
Berapa harga Setia V Residences?
Harga transaksi median ialah RM1,475 sekaki persegi (EdgeProp, 48 bulan terakhir). Harga tawaran semasa sekitar RM1.75 juta hingga RM4.1 juta. Hartanah ini pegangan bebas dan siap pada 2017.
Setia V Residences 价格多少？可以租多少？
根据EdgeProp，过去48个月成交中位价约每平方尺RM1,475；目前挂牌售价约RM175万至RM410万，月租约RM4,500至RM8,500。永久地契，2017年完工。
Which schools are near Setia V Residences?
On map data, the nearest schools are Sekolah Kebangsaan Convent Pulau Tikus (~600 m), Sekolah Menengah Kebangsaan Convent Pulau Tikus (~700 m), St. Xavier Branch Primary School (~800 m). Distances are straight-line from the building.
Is there a train or bus station near Setia V Residences?
The nearest stations on map data are KOMTAR Terminal (~2.7 km), Express Bus Counters (GJG, Billion Star, Super Nice) (~2.7 km), Jetty B (~3.7 km).
What is the nearest hospital and mall to Setia V Residences?
The nearest hospital on map data is Gleneagles Penang (~900 m), and the nearest mall is Gurney Paragon Mall (~500 m).
How much cash do I need to buy at Setia V Residences?
For a unit at RM4,100,000,, a Malaysian buyer with a 90% loan needs about RM32,346 before getting the keys, covering the down payment, stamp duty and legal fees. A foreign buyer with a 70% loan needs about RM663,282, before the state consent fee. The full table is in "What buying here costs in 2026".
Compare
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View project →Cover photo: Vnonymous, CC BY-SA 4.0, via Wikimedia Commons.
Get the current price list and units available at Setia V Residences
Prices move and the better units go first. Tell me your budget and whether you are buying to live in or to rent out, and I will send back the units that fit, not a generic brochure.
Buying, selling or renting: one conversation, no obligation.
Jason Lim
10 years in Malaysian property · Johor Bahru & Kuala Lumpur · REN 84424 · IQI Realty Sdn. Bhd. E (1) 1584/6
I work with local families, investors and buyers from Singapore and overseas. If a project is not right for what you need, I will say so; that is usually worth more than the brochure.