Gurney Drive · Subsale Market
Setia V Residences Subsale — Gurney Drive, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Setia V Residences is a completed freehold condominium in Gurney Drive, Penang, completed in 2017 by SP Setia. It has 178 units. Subsale asking prices currently run about RM1000–1400 per sq ft (from roughly RM 2.70M).
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Setia V Residences subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Gurney Drive's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Setia V Residences.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
5 things to check before signing the Setia V Residences SPA
- 1.Sinking fund health — confirm the current balance and whether any special assessment is pending in the next 12 months.
- 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
- 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
- 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
- 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.
Setia V Residences key facts
- Developer
- SP Setia
- Area
- Gurney Drive, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2017
- Total units
- 178
- Asking PSF
- RM1000–1400
- Price from
- RM 2.70M
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Setia V Residences:
View full Setia V Residences profile →Gurney Drive — area snapshot
Full area guide →Gurney Drive is Penang's prestige address for high-end residential. Limited land and consistent demand from local professionals and overseas Malaysians keep prices elevated.
Price range
RM 800K – RM 3.3M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
7
completed projects
Total tracked
9
properties in this area
Setia V Residences subsale — common questions
Is Setia V Residences freehold?
Yes — freehold, developed by S P Setia, completed in 2017 on the Gurney Drive waterfront.
What are subsale prices at Setia V?
Asking prices typically start from about RM2.7M, with PSF around RM1,000–1,400 depending on floor, facing and renovation. WhatsApp Zac for current listings.
How many units and towers?
Two towers (48 and 43 storeys) with 178 units in total — a relatively low-density luxury count for the area.
Is it a good building for own-stay?
Yes — as a listed-developer product with dependable management, larger layouts and a prime Gurney position, it suits own-stay and long-term rental. Unit facing matters most here.
Can foreigners buy at Setia V Residences?
Yes. At these prices, units clear Penang Island's RM1,000,000 minimum for foreign buyers of strata property. State consent (typically 2–4 months) applies, and MM2H holders follow the same property rules. Zac can confirm eligibility for your situation.
More on the neighbourhood:
Gurney Drive area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.