S P Setia (Kay Pride Sdn. Bhd.)
Setia SV2
Lorong Slim, Jelutong
From
RM 969K
RM 732– PSF · Completion 2030
Tenure
freehold
Title
TBC
Total Units
268
Completion
2030
- From
- RM 969K
- PSF
- RM 732
- Tenure
- freehold
- Total units
- 268
- Status
- selling
- Completion
- 2030
Zac’s Take
Zac Ong
Setia SV2 is a 268-unit premium condominium in Jelutong from RM969,000 by SP Setia. Jelutong sits between Georgetown and Bayan Lepas — an industrial and mixed-use corridor that has been upgrading with residential development. SP Setia's SV2 is clearly a premium product at RM969K in Jelutong. The Setia brand ensures quality build and delivery. This is positioned for professionals who want an SP Setia product at sub-RM1M on Penang Island without going to Sungai Ara or Bayan Baru.
Setia SV2 unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 3BR (Type A) | 3BR (Type A) | 1,087 | — | — |
| 3BR (Type B) | 3BR (Type B) | 1,421 | — | — |
| 3+1BR (Type B1) | 3+1BR (Type B1) | 1,367 | — | — |
| 4BR (Type C) | 4BR (Type C) | 1,647 | — | — |
| Total | — | |||
Building specifications
- Blocks
- 1
- Floors
- 34
- Total units
- 268
Facilities
What's nearby
🏥 Healthcare
- Hospital Lam Wah Ee2.0km
- Penang General Hospital3.5km
🎓 Schools
- SMK Jelutong1.0km
- Heng Ee High School1.5km
🛍 Shopping
- Sunshine Jelutong500m
- Gurney Plaza4.0km
Monthly Instalment Calculator
Monthly Instalment
RM 3,914
Total Interest
RM 771,747
Total Outlay
RM 1,740,747
Jelutong — area snapshot
Full area guide →Jelutong is a densely populated central-island area. New projects here target first-time buyers and investors rather than the luxury segment, with relatively accessible entry prices.
Price range
RM 100K – RM 850K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
5
completed projects
Total tracked
11
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 96,900 |
| SPA stamp duty | RM 23,070 |
| SPA legal fee | RM 10,940 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 23,070 |
| Loan stamp duty (0.5%) | RM 4,361 |
| Loan agreement legal fee | RM 4,361 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 165,701 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
Who builds Setia SV2?
+
What is the price of Setia SV2?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 969K
Setia SV2