Setia V Residences Georgetown
Find out the newest homes, rates, and best prices for Setia V Residences in Georgetown.Whether you’re looking to own, lease, or sell, receive professional advice here.
Property Overview
Setia V Residences is a luxurious residential development nestled in the heart of Georgetown, Penang. This stunning property offers a blend of elegance and modern living with its spacious units ranging from 2,400 to 7,900 square feet. Comprising two sleek towers, the development offers breathtaking panoramic views of the sea and cityscape, making it a coveted address.
Key facilities include an infinity pool, state-of-the-art gym, beautifully landscaped gardens, and a multi-purpose hall, providing residents with a resort-like lifestyle. The property boasts 24-hour security and ample parking spaces, ensuring safety and convenience.
Situated in a prime location, Setia V Residences is surrounded by a wealth of amenities. Residents have easy access to renowned eateries, shopping malls such as Gurney Plaza, and cultural hotspots like Penang’s UNESCO World Heritage sites. Esteemed schools and medical centers are also within close proximity, enhancing its appeal for families.
The estimated price range for purchasing a unit is between MYR 2.5 to 6 million, depending on the unit’s size and floor level. Rental prices typically range from MYR 7,000 to 12,000 per month, catering to those seeking a high-end rental experience in one of Penang’s most vibrant neighborhoods.
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Why Should You Choose Setia V Residences, Georgetown
Transport & Connectivity
– Penang International Airport: Approximately 18 km from Georgetown, offering numerous domestic and international flights.
– Penang Sentral: Around 13 km away, serving as a major transportation hub with bus and ferry services.
– Rapid Penang Bus Service: Extensive network operating within Georgetown and surrounding areas, enhancing public transport options.
Shopping & Dining
– Gurney Plaza: Situated about 4 km from Georgetown, featuring a wide range of local and international brands.
– Penang Street Food: Local hawker centers and street vendors are abundant throughout Georgetown, offering a variety of Malaysian cuisines.
– KOMTAR: Approximately 1 km from the city center, this complex offers shopping, dining, and entertainment options.
Healthcare
– Penang General Hospital: Located roughly 3 km from Georgetown, providing comprehensive medical services and facilities.
– Island Hospital: About 2 km away, known for specialized treatments and healthcare services.
– Gleneagles Penang: Situated around 1 km from Georgetown, offering high-quality private medical care.
Education
– Universiti Sains Malaysia (USM): Situated about 11 km from Georgetown, it is one of Malaysia’s premier universities.
– St. Xavier’s Institution: Approximately 2 km from the city center, known as one of Penang’s oldest educational institutions.
– Penang Free School: Located around 5 km from Georgetown, renowned for its rich heritage and educational excellence.
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Frequently Asked Question
What you need to know before engaging our services
We shortlist properties based on your budget, desired area, and requirements. We also negotiate on your{For most transactions, our service is free for buyers as we are paid by the seller. We provide expert advice at no extra charge to you.} {For most transactions, our assistance comes at no cost for buyers as we earn commission from the seller. We provide expert advice at zero cost to you.} behalf and guide you through the property purchase journey
It depends on your needs. Brand new properties often offer early-bird discounts and incentives like rebates and lower upfront costs, but they take time to complete. Sub-sale properties are available immediately, allowing you to inspect the unit before buying. We can help you compare options based on your requirements.
You should have your IC, proof of income (payslip/KWSP record/bank statements), and a loan approval (if needed) to expedite the process.
Aside from the down payment (usually a small percentage), you’ll need to budget for government charges, legal fees, loan agreement fees, and property assessment fees.
Yes! We analyze the market, compare recent sales, and discuss terms with the seller to get you the most favorable price.
We filter listings that match your budget and requirements, schedule viewings, and negotiate rental terms with the landlord to secure the best deal for you.
For rental properties, the tenant typically pays an agency fee, which is equal to a full month’s rent, depending on the lease term.}
For renting, you will need your IC or passport, recent payslips, and possibly an employment letter. You may also need to provide a security deposit and utility deposits. Some landlords may request extra documents, depending on their requirements.
You are generally required to pay a 2-month security deposit, 1-month advance rent, and a utility deposit when renting a property.
Most agreements have a minimum stay period (e.g., 1 year). If you leave early, you may lose your deposit unless you find a replacement tenant.