S P Setia (Kay Pride Sdn. Bhd.)
Setia SV2
Lorong Slim, Jelutong
From
RM 969K
RM 891+ PSF · Completion 2030
Tenure
freehold
Title
TBC
Total Units
268
Completion
2030
- From
- RM 969K
- PSF
- RM 891
- Tenure
- freehold
- Total units
- 268
- Status
- selling
- Completion
- 2030
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-12. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR (Type A) | 1,087 | RM969,000 | ~RM891 |
| 3BR (Type B) | 1,421 | RM1.1M | ~RM774 |
| 3+1BR (Type B1) | 1,367 | RM1.05M | ~RM768 |
| 4BR (Type C) | 1,647 | RM1.3M | ~RM789 |
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 area 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 price list 2026
4 of 4 unit types have a published price · entry from RM969,000 · completing 2030
| Type | Size (sqft) | Price from | PSF (derived) | Units | Foreign buyer |
|---|---|---|---|---|---|
| 3BR (Type A) | 1,087 | RM969,000 | ~891 | — | Below RM1M |
| 3BR (Type B) | 1,421 | RM1.1M | ~774 | — | Eligible |
| 3+1BR (Type B1) | 1,367 | RM1.05M | ~768 | — | Eligible |
| 4BR (Type C) | 1,647 | RM1.3M | ~789 | — | Eligible |
PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.
Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-10-12. Developers reprice between phases — confirm the current list before committing.
Foreign buyers must clear RM1M per unit (Penang island floor), then pay a state levy and a flat 8% stamp duty on top. See the true cost of buying as a foreigner.
Setia SV2 completion date
Setia SV2 is expected to complete in 2030.
Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.
Building specifications
- Blocks
- 1
- Floors
- 34
- Total units
- 268
Facilities
What's nearby
🏥 Healthcare
- Hospital Lam Wah Ee
- Penang General Hospital
🎓 Schools
- SMK Jelutong
- Heng Ee High School
🛍 Shopping
- Sunshine Jelutong
- Gurney Plaza
Monthly Instalment Calculator
Monthly Instalment
RM 3,914
Total Interest
RM 771,747
Total Outlay
RM 1,740,747
Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.
📲 Discuss financing options with ZacOther projects in jelutong
All 9 others we track here, cheapest first — 5 of them still selling.
- Artis 3RM400K
- Twin StarRM438K
- Grace HarmonyRM480K
- Urban SuitesRM498K
- Maritime SignatureRM500K
- 3 ResidenceRM650K
- Central ResidenceRM650K
- Setia Sky VilleRM710K
- Alton SkyvillasRM899K
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 400K – RM 899K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
4
completed projects
Total tracked
10
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 (tiered 1–4%) | 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 only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
What is the price of Setia SV2?
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Is Setia SV2 freehold or leasehold?
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Can a foreigner buy at Setia SV2?
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When will Setia SV2 be completed?
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How big are the homes at Setia SV2?
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Who builds 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