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
7/10
Worth Considering
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
Entry price of RM732,000 is competitive for Penang's mid-range condominium market, though pricing appears moderate rather than exceptional value given the absence of premium amenities or explicit unique selling propositions.
Location & Connectivity
Jelutong offers established residential infrastructure with reasonable road access, but the absence of nearby MRT connectivity limits public transportation options and may impact long-term mobility convenience compared to upcoming transit-oriented developments in Penang.
Risk & Timing
Unspecified completion date presents a notable timing risk for investors requiring clear delivery schedules; SP Setia's established track record mitigates developer risk, but prolonged construction timelines could affect rental yield projections and capital appreciation timelines.
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- Market price analysis — is it fairly priced?
- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
- Comparable projects side-by-side
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Project Details
Property Type
Condominium
Land Tenure
Freehold
Construction Status
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
- ✓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
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
8.3x 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
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 2,997/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 4,994/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →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 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 already 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 →You May Also Like
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