Gurney Drive · Subsale Market
Setia V Residences Subsale — Gurney Drive, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on 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 RM911–1593 per sq ft (from roughly RM 1.58M).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,400–4,118 | RM1.58M | RM911 |
Zac’s Take
Zac Ong
Setia V Residences is S P Setia's Gurney waterfront project — twin towers with 178 units, freehold, completed in late 2017. As a listed-developer product, build quality and management are relatively dependable.
2026 listings ran from about RM1.58M for the smallest homes to over RM4M for the largest. You're paying for a front-row Gurney position and larger luxury layouts, in a building young enough to feel current.
My take: this is a solid own-stay or long-let luxury unit on one of the island's best stretches. It's not a bargain play — Gurney rarely is — but the developer pedigree and the address hold value. Ask me which units have the cleanest sea aspect; on this stretch, facing is what separates a good buy from a fair one.
Reviews and comparisons
- Setia V Residences Review 2026 — Gurney Drive Freehold Without the Hotel-Brand Premium
- Andaman @ Quayside vs Setia V Residences 2026 — E&O Masterplan or SP Setia Premium?
- Marriott Residences vs Setia V Residences — Branded Prestige vs Established Prestige on Gurney Drive
- Nobody Bid on Six Acres Beside Gurney Drive at RM1,200 psf. What That Tells Penang Condo Buyers
- Sunrise @ Gurney Review 2026 — Small Sea-View Duplexes on Commercial Title
- Best Branded Residences in Penang 2026 — Marriott, W Residence, and the Batu Ferringhi Address Nobody's Naming Yet
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 months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Gurney Drive's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Setia V Residences.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Setia V Residences is priced within Gurney Drive
At roughly RM911 psf, Setia V Residences sits toward the value end of Gurney Drive's condo band (RM660–1870 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
-7%
Area median RM980 psf (all residential)
Building age
9 years
Completed 2017
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Setia V Residences pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Setia V Residences price 2026
What Setia V Residences trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM1.58M – RM4.1M |
| PSF | RM911 – 1593 |
| Built-up | 1,400 – 4,118 sqft |
| Completed | 2017 |
| Units | 178 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 9 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Setia V Residences for sale & for rent
Asking rents at Setia V Residences ran from about RM4,500–15,000 a month in September–October 2026, from two-bedroom homes to five-bedroom units. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Setia V Residences key facts
- Developer
- SP Setia
- Area
- Gurney Drive, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2017
- Total units
- 178
- Asking PSF
- RM911–1593
- Price from
- RM 1.58M
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 1.3M – RM 3.5M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
7
completed projects
Total tracked
9
properties in this area
Other projects in Gurney Drive
All 8 others we track here, cheapest first — 1 of them still selling.
- Sunrise @ GurneyRM1.25M
- 1 Persiaran Gurney (PG1)RM1.4M
- Marriott ResidencesRM1.6M
- Silverton CondominiumRM2.25M
- W Residence Gurney BayRM2.37M
- 11 Gurney DriveRM2.7M
- Gurney ParagonRM2.85M
- 8 Gurney (The Shore)RM3.48M
Setia V Residences subsale — common questions
What is the price of Setia V Residences?
Setia V Residences runs RM1,580,000 to RM4,100,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM911–1,593 per square foot. Checked 2026-10-12.
Is Setia V Residences freehold or leasehold?
Setia V Residences is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Setia V Residences?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Setia V Residences?
Asking rents ran from RM4,500 to RM15,000 a month in September–October 2026, from two-bedroom homes to five-bedroom units. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was Setia V Residences completed?
Setia V Residences was completed in 2017 by SP Setia, so homes here are bought from existing owners.
How big are the homes at Setia V Residences?
Homes range from about 1,400 to 4,118 sq ft. There are 178 homes in total.
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.
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.