Setia SV2, Jelutong, Penang — New Project Guide
Overview
Setia SV2 is S P Setia’s freehold condominium tower in Jelutong, Penang Island. The developer entity named on the project site is Kay Pride Sdn Bhd. [1][2]
| Item | Developer-published fact |
|---|---|
| Project | Setia SV2 [1] |
| Developer | Kay Pride Sdn Bhd (S P Setia group project site) [1] |
| Location | Jelutong, Penang Island (about 2.3 acres per project site) [1] |
| Tenure | Freehold [1] |
| Type | Condominium [1] |
| Units | 268 units across 34 storeys; about 10 units per floor [1] |
| Car parks | 2–3 per unit [1] |
| Built-up (layout types on site) | Type A / A1 1,087 sq ft; Type B 1,421 sq ft; Type B1 1,367 sq ft; Type C 1,647 sq ft [1][2] |
| Expected completion | Q1 2030 [1] |
| Approving authority | Majlis Bandaraya Pulau Pinang (MBPP); Ref. MBPP.OSC-PB1430/2025 [1] |
| Developer’s licence | 11978/01-2028/0046(A), validity 12/01/2023 – 11/01/2028 [1] |
| Advertising & sales permit | 11978-4/10-2028/0885(N)-(S), validity 24/10/2025 – 23/10/2028 [1] |
| Selling price range on permit block | RM1,069,916.20 – RM1,692,654.25 [1] |
The price range above is copied from the legal particulars block on the developer’s public page. It is not a live price list and is not a NileHome guarantee. Confirm prices and availability with the developer’s sales gallery.
Location
The project site describes a Jelutong address with road access via Jalan Masjid Negeri, Jalan Perak, Jalan Free School and the Jelutong Expressway, in a mature city-fringe neighbourhood. [1]
Sales gallery published on the project site: No. 25, Lorong Burma, 10350 Georgetown, Penang; +604-2282 255. [1]
Units & notes
Layout floor areas above are listed on the S P Setia property page and the Setia SV2 microsite. [1][2] Artist impressions on those pages are labelled as impressions by the developer.
Image credits
Local copies under images/ were downloaded from the developer’s public CDNs (see sources.md for original URLs). Do not replace them with portal-site photos.
Disclaimer
This page summarises facts the developer has published. It is not investment advice and NileHome does not act as the developer’s agent. Details can change — confirm everything with the developer and in the sale and purchase agreement before you buy.
Sources
- Setia SV2 official microsite (legal block + project facts): https://www.spsetiasv2.com.my/
- S P Setia corporate property page: https://spsetia.com/property/setiasv2/