Setia V Residences is a new luxury development located in the vicinity of Gurney Drive, near Georgetown and this development by SP Setia is expected to be completed by the year 2016. Consisting two massive 48 and 43 storey towers, this low density residence only offers a sum of 166 units in a 1.8 acres land. The homes in this residence comes with a built-up which ranges between 2,624 sf and 7,119 sf and this entire project is expected to get a gross development value of RM140 million.

Setia V Residences comes with several layouts, whereby the standard units in Tower A comes with 2,624 sf to 4,118 sf built-up and the penthouse in this tower comes with 4,593 sf to 7,119 sf built-up. Meanwhile, the Tower B in this residence comes with standard units which have 3,158 sf to 6,019 sf built-up and the penthouse in this tower comes with 5,647 sf to 6,019 sf built-up. Tower A has three units per floor, while Tower B only have two units per floor.

Furthermore, Setia V Residences also comes with numerous facilities namely sky deck, infinity pool, indoor and outdoor playroom, children's pool, sky lounge, gymnasium, sky garden, badminton court, squash court, games room, community hall, reading room, dance studio, yoga deck, sauna, steam room, jacuzzi, multi-functional hall, pavilion, landscape gardens, guest lounge, viewing decks, concept kitchen, BBQ area and 24-hour security to provide a luxurious living for the residents.

Setia V Residences is also surrounded by amenities such as Gurney Paragon, Gurney Plaza, Midlands Park Centre, SMK Convent Pulau Tikus, Alliance Francaise De Penang, Adventist College Of Nursing, Kelawei Mosque, Pulau Pinang Mosque, Dhammikarama Burmese Temple, PTPL College Penang, Malaysian Buddhist Institute, Tenby International and Private School, Sekolah Sri Inai, Penang Dental Surgery, Gleneagles Medical Centre, Geh Surgery and Ang Dental. Besides, this residence is also located just minutes away from Penang's famous tourist hotspot, the Gurney Drive.