Setia SV2 Jelutong | Freehold 2+1 to 3+1 Bedroom Condo
Setia's newest Penang tower, Setia SV2, puts 268 freehold homes into one 34-storey block off Lorong Slim in Jelutong. It is pitched at families first: three-bedroom plans make up almost the whole range.
The short verdict: a sensible choice for households upgrading within central Penang who can wait for a 2030 handover, and a poor one for anyone after a small unit or early keys.
Project Information
| Details | Information |
|---|---|
| Development | Setia SV2 Jelutong |
| Developer | Setia (Kay Pride Sdn Bhd) |
| Property Type | High Rise Condominium |
| Tenure | Freehold |
| Land Title | Residential |
| Land Area | 2.3 acres |
| Location | Jelutong, George Town, Penang |
| Total Floors | 34 storeys, homes from Level 7 |
| Total Units | 268 in one tower |
| Units per Floor | Ten on a standard floor |
| Lifts | 3 lifts and 1 fire lift |
| Car Parks | Two or three bays per unit |
| Security | Three-tier |
| Expected Completion | March 2030, per the statutory panel |
Unit Types & Built-up
| Type | Built-up | Layout |
|---|---|---|
| Type A | ±1,087 sq ft | 2 + study Bedroom + 2 Bathroom |
| Type A1 | ±1,087 sq ft | 2 + study Bedroom + 2 Bathroom |
| Type B1 | ±1,367 sq ft | 3 + utility Bedroom + 2 Bathroom |
| Type B2 | ±1,367 sq ft | 3 + utility Bedroom + 2 Bathroom |
| Type B / B(M) | ±1,421 sq ft | 3 Bedroom + 2 Bathroom |
| Type B3 / B3(M) | ±1,421 sq ft | 3 Bedroom + 2 Bathroom (plus 549 sq ft roof deck) |
| Type C | ±1,647 sq ft | 3 + utility Bedroom + 3 Bathroom |
| Type C1 | ±1,647 sq ft | 3 + utility Bedroom + 3 Bathroom |
| Type C2 | ±1,647 sq ft | 3 + utility Bedroom + 3 Bathroom |
| Type C3 | ±1,647 sq ft | 3 + utility Bedroom + 3 Bathroom (plus 269 sq ft roof deck) |
| Type C4 | ±1,647 sq ft | 3 + utility Bedroom + 3 Bathroom (plus 269 sq ft roof deck) |
Thirteen plan names come down to five sizes. The (M) plans are mirror images, and four plans add a private roof deck over and above the built-up area.
Why Choose Setia SV2 Jelutong?
- Freehold on residential title — a 2.3-acre site in a settled part of Jelutong.
- Two or three car bays — for every unit, and 11 EV chargers on the Level 2 car park.
- Private roof decks — 269 sq ft with C3 and C4, 549 sq ft with B3 and B3(M).
- Schools and markets close by — SJK(C) Sum Sun, Heng Ee High School and the Perak Road wet market sit within about 750 m on the brochure's distances.
- A full Level 7 deck — main pool, jacuzzi, indoor gym, multipurpose court, miniature golf, co-working space and a zen garden.
Where Setia SV2 Jelutong Falls Short
- Handover in 2030 — the statutory panel dates completion to March 2030.
- No compact units — nothing below 1,087 sq ft, which already means two bedrooms and a study.
- Few lifts on paper — the agent summary lists three lifts and one fire lift for the whole tower; ask how they are zoned.
- No ground-level homes — apartments begin on Level 7, above five storeys of parking, so none has a garden at street level.
Who Setia SV2 Jelutong Suits
Families moving up from an older apartment in Jelutong or Air Itam, parents who want primary and secondary schools within walking range, and buyers who need at least two parking bays. It suits less well if you need keys before 2030, want a one-bedroom unit, or prefer a low-rise block with few neighbours.
Where the Build Stands
Setia SV2 holds an advertising and sales permit running from October 2025 to October 2028 and building plan approval from MBPP. The March 2026 agent summary reports that SPAs are ready to sign. The statutory panel puts expected completion at March 2030, a little later than the summary's Q4 2029 estimate, so plan around 2030.
Location & Connectivity
Jelutong is the inner-city district just south of George Town's heritage core. Setia SV2 sits in its older residential grid off Lorong Slim, with Lebuhraya Tun Dr Lim Chong Eu, the coastal expressway, running along the district's eastern side.
- Perak Road Wet Market — 500 m
- Perak Road Food Corner — 500 m
- SJK(C) Sum Sun — 600 m
- Klinik Kesihatan Jalan Perak — 600 m
- Hamilton Food Market — 750 m
- Heng Ee High School — 750 m
- SMK Convent Green Lane — 1.4 km
- Batu Lanchang Wet Market — 2.2 km
- Lam Wah Ee Hospital — 2.4 km
- Penang Waterfront Convention Centre — 5.3 km
- Lotus's E-Gate — 5.3 km
- Penang International Airport — 15 km
How the House Is Laid Out
Types A and A1 line up the master bedroom, the second bedroom and a study along one side, with the kitchen and yard close to the foyer. B and B(M) keep the bedrooms together on one side and open the living and dining room onto a wide balcony. B1 and B2 run their three bedrooms side by side next to the living area, with a utility room off the kitchen. The C family adds a third bathroom and a bathtub in the master bathroom, while C3, C4, B3 and B3(M) attach a private roof deck on the balcony side.
About Setia
Kay Pride Sdn Bhd is the company on the statutory panel, and the tower is sold under the Setia name from the brand's sales suite on Lorong Burma.
The brochure points to Setia's award record, including 14 first places in The Edge Malaysia Top Property Developers Awards and 19 FIABCI World Prix d'Excellence golds.
Frequently Asked Questions
Is Setia SV2 Jelutong freehold or leasehold?
Setia SV2 Jelutong is held on a freehold title. The land use is Residential.
How many units and floors does Setia SV2 Jelutong have?
268 in one tower units over 34 storeys, homes from Level 7, at Ten on a standard floor units per floor, served by 3 lifts and 1 fire lift.
What unit sizes are available at Setia SV2 Jelutong?
11 layouts are offered — Type A at ±1,087 sq ft (2 + study Bedroom + 2 Bathroom); Type A1 at ±1,087 sq ft (2 + study Bedroom + 2 Bathroom); Type B1 at ±1,367 sq ft (3 + utility Bedroom + 2 Bathroom); Type B2 at ±1,367 sq ft (3 + utility Bedroom + 2 Bathroom); Type B / B(M) at ±1,421 sq ft (3 Bedroom + 2 Bathroom); Type B3 / B3(M) at ±1,421 sq ft (3 Bedroom + 2 Bathroom (plus 549 sq ft roof deck)); Type C at ±1,647 sq ft (3 + utility Bedroom + 3 Bathroom); Type C1 at ±1,647 sq ft (3 + utility Bedroom + 3 Bathroom); Type C2 at ±1,647 sq ft (3 + utility Bedroom + 3 Bathroom); Type C3 at ±1,647 sq ft (3 + utility Bedroom + 3 Bathroom (plus 269 sq ft roof deck)); Type C4 at ±1,647 sq ft (3 + utility Bedroom + 3 Bathroom (plus 269 sq ft roof deck)).
What is the smallest unit at Setia SV2?
Types A and A1, both 1,087 sq ft with two bedrooms, a study and two bathrooms.
Does Setia SV2 have EV charging?
Yes. The agent summary lists 11 EV charging stations on Level 2 of the car park podium.
How high are the ceilings at Setia SV2?
9.8 ft, according to the agent summary.
Which Setia SV2 layouts have a bathtub?
The three-bathroom C family: C, C1, C2, C3 and C4 each have one in the master bathroom.
Is parking included with the unit at Setia SV2 Jelutong?
Two or three bays per unit.
When is Setia SV2 Jelutong expected to be completed?
The expected completion is March 2030, per the statutory panel.
Where is Setia SV2 Jelutong located?
Setia SV2 Jelutong is located in Jelutong, George Town, Penang.
Who is the developer of Setia SV2 Jelutong?
Setia SV2 Jelutong is developed by Setia (Kay Pride Sdn Bhd).
More buyer questions answered — freehold vs leasehold, HDA titles, booking process and financing
Inquiry - Setia SV2 Jelutong | Freehold 2+1 to 3+1 Bedroom Condo
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