penangproperty
CompletedfreeholdcommercialEst. 2019

Uda Land (North) Sdn. Bhd.

Elevate @ Gravitas

Prai

From

RM 560K

RM 500 PSF · Completion 2019

Tenure

freehold

Title

commercial

Total Units

114

Completion

2019

From
RM 560K
PSF
RM 500
Tenure
freehold
Total units
114
Status
completed
Completion
2019

Project Tracking

We're tracking Elevate @ Gravitas — not yet personally reviewed by Zac

This project is in our database from public sources (2 sources) from Uda Land (North) Sdn. Bhd.. Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.

  • 📋 Latest price list & available unit types
  • 🏗️ Current construction stage and photos
  • 💬 Zac's honest assessment for your situation
  • 📞 Direct introduction to the developer if you want to view
📲 Get Elevate @ Gravitas details on WhatsApp

Monthly Instalment Calculator

Monthly Instalment

RM 2,262

Total Interest

RM 446,005

Total Outlay

RM 1,006,005

📲 Discuss financing options with Zac

Prai — area snapshot

Prai is an industrial and port-linked area on the mainland. Residential development here serves the industrial workforce segment.

Price range

RM 352KRM 846K

asking prices in area

Active projects

1

selling or under construction

Subsale condos

1

completed projects

Total tracked

3

properties in this area

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

DownpaymentRM 56,000
SPA stamp dutyRM 10,800
SPA legal feeRM 6,850
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 10,800
Loan stamp duty (0.5%)RM 2,520
Loan agreement legal feeRM 2,520
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 92,490

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 16,800
0%5%10%
Total developer savingsRM 28,690

Net upfront (after savings)

Based on typical 2026 new launch package

RM 63,800

Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

How much is Elevate @ Gravitas?

+
Units at Elevate @ Gravitas start from RM 560K (around RM 500 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Elevate @ Gravitas freehold or leasehold?

+
Elevate @ Gravitas is freehold — you own the land in perpetuity, no expiry date, no renewal fees. Freehold residential title remains genuinely scarce in central Penang Island.

When is the expected completion / VP?

+
Expected Vacant Possession is 2019, subject to developer execution. Defects liability period typically runs 24 months from VP. New launch buyers should budget for transaction costs at SPA and again at VP (MOT stamp duty).

Who is the developer of Elevate @ Gravitas?

+
Elevate @ Gravitas is developed by Uda Land (North) Sdn. Bhd.. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

Substitutes worth comparing

Open full comparison →

Same area family, same property type, similar price band — what most buyers actually cross-shop.

From

RM 560K

Elevate @ Gravitas

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