From
RM732k
Price From
RM732k
Built-Up
1,036 sqft
Price Insights
Developer Asking Price
RM707/sqft
Based on RM732k ÷ 1,036 sqft
Penang Market Range
RM400–700/sqft
Q3 2025 median (high-rise residential)
Based on Jelutong, Penang market data, similar properties transact at RM400–RM700 psf. This project is priced above the area median — typical for new launches with premium finishes.
Subsale Transaction Data
VerifiedOfficial govt records for SETIA SKY VILLE
Transactions
93
Median PSF
RM815
Latest
Jan 2026
Setia Sky Ville @ Jelutong, Pulau Pinang Review — Worth Buying?
NP Score
6.5/10
Moderate
Asking PSF
RM707
per sqft
Jelutong Median
RM815
verified PSF
Price check: Priced at RM707/sqft — at or below the Jelutong median of RM815/sqft.
The case for buying
- Freehold tenure offers long-term value and ownership security
- Jelutong location provides established neighbourhood with mature amenities
- SP Setia reputation ensures quality construction and reliable delivery
- Competitive pricing at RM732,000 for freehold condominium unit
- Strategic Penang location supports strong rental and resale potential
The honest verdict
Value & Pricing
The entry price of RM732,000 offers moderate accessibility for first-time buyers in Penang, though per-square-foot rates should be compared against similar freehold condominiums in established areas; freehold tenure provides long-term ownership value but pricing competitiveness depends on unit specifications and amenities.
Location & Connectivity
Jelutong is a mature residential neighbourhood with established road networks and proximity to Penang's commercial zones, though the absence of MRT connectivity limits public transport options and may appeal primarily to car-dependent buyers; accessibility to schools, shopping, and employment centres should be verified for individual lifestyle needs.
Risk & Timing
The unspecified completion timeline presents execution risk typical of Malaysian projects and should be clarified with the developer; market absorption and property values in Jelutong depend on broader Penang economic conditions and competition from newer developments, warranting
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- Market price analysis — is it fairly priced?
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- Area income profile (DOSM)
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Project Details
Property Type
Condominium
Land Tenure
Freehold
Construction Status
Recently Completed
Bumi Discount
Not Available
Setia Sky Ville @ Jelutong, Pulau Pinang Video Tour
Watch a video tour of Setia Sky Ville @ Jelutong, Pulau Pinang in Jelutong, Penang. Condominium by SP Setia.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider Setia Sky Ville @ Jelutong, Pulau Pinang?
Based on location data and market analysis
- ✓Located in Jelutong, Penang
- ✓Freehold title property
- ✓By SP Setia — verified developer on NewProjek
- ✓Condominium development
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM2,600–3,500
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 6.9% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
9.4x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Jelutong
Browse real verified transaction prices for nearby properties
What's Nearby
To see estimated commute time
Powered by Google Maps · Walking times are estimates only
Mortgage Calculator
Est. monthly repayment
RM 3,338/mo
Based on 10% down, 30yr tenure at 4.5% p.a.
Upfront costs
Frequently Asked Questions
What is the price of Setia Sky Ville @ Jelutong, Pulau Pinang?▼
Setia Sky Ville @ Jelutong, Pulau Pinang starts from RM732k. Contact the developer directly on NewProjek for the latest pricing.
Where is Setia Sky Ville @ Jelutong, Pulau Pinang located?▼
Setia Sky Ville @ Jelutong, Pulau Pinang is located in Jelutong, Penang, Malaysia.
Who is the developer of Setia Sky Ville @ Jelutong, Pulau Pinang?▼
Setia Sky Ville @ Jelutong, Pulau Pinang is developed by SP Setia.
What type of property is Setia Sky Ville @ Jelutong, Pulau Pinang?▼
Setia Sky Ville @ Jelutong, Pulau Pinang is a Condominium development with Freehold tenure.
What is the construction status of Setia Sky Ville @ Jelutong, Pulau Pinang?▼
Setia Sky Ville @ Jelutong, Pulau Pinang is currently Recently Completed.
Berapa harga Setia Sky Ville @ Jelutong, Pulau Pinang?▼
Setia Sky Ville @ Jelutong, Pulau Pinang dijual bermula dari RM732k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent Setia Sky Ville @ Jelutong, Pulau Pinang?
This project is newly completed. Browse subsale transactions, current listings, and market data below.
View Transaction History (93 txns)Find Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →
SP Setia
SP Setia Berhad is one of Malaysia's largest and most respected property developers. With a diverse portfolio spanning residential townships, integrated developments and commercial properties, SP Setia has built some of Malaysia's most iconic neighbourhoods.
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View all projects by SP Setia →Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
View 93 Transactions →
