Prai · Subsale Market
Elevate @ Gravitas Subsale — Prai, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Elevate @ Gravitas is a completed freehold condominium in Prai, Penang, completed in 2019 by Uda Land (North) Sdn. Bhd.. It has 114 units. It launched from around RM 511K in 2019 — that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices. Note: it sits on commercial title, so utilities may be billed at commercial rates.
Price at a glance
Prices as at November 2026 — Post-completion transacted prices basis. Last checked 2026-10-05.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,119 | RM511,100 | RM500 |
Zac’s Take
Zac Ong
Elevate @ Gravitas isn't a residential condo. It's UDA's shop-office development at Gravitas in Prai: two blocks of retail and shop-office units on individual strata titles, completed in mid-2020, with typical units of about 1,089 to 1,119 sq ft.
Prices vary a lot with position, from about RM511,000 to nearly RM2M, with a typical 1,119 sq ft unit listed around RM690,000. Ground-floor and corner units command the highest prices.
It's for business owners and commercial investors rather than home buyers. If you're looking for a home in the same area, ask me about the residential towers at Gravitas instead.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Elevate @ Gravitas subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Prai's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Elevate @ Gravitas.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
Before you sign at Elevate @ Gravitas — the commercial-title checks
- 1.Utility tariff in practice — Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin — Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules — Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules — management can and does restrict short-stay letting.
- 4.Resale buyer pool — Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft — Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
Elevate @ Gravitas price 2026
What Elevate @ Gravitas trades at on the sub-sale market, last checked 2026-10-05.
| Asking from | RM511,100 – RM1.98M |
| PSF | RM500 |
| Built-up | 1,119 sqft |
| Completed | 2019 |
| Units | 114 |
Post-completion transacted range. Asking is not transacted — expect movement between the two.
The building is 7 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM500,000 minimum is cleared. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Elevate @ Gravitas for sale & for rent
Looking to buy or rent a unit in Elevate @ Gravitas? Asking prices and rents move with the market and with the specific unit — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Elevate @ Gravitas key facts
- Developer
- Uda Land (North) Sdn. Bhd.
- Area
- Prai, Penang
- Type
- mixed
- Tenure
- freehold · commercial
- Completed
- 2019
- Total units
- 114
- Asking PSF
- RM500
- Price from
- RM 511K
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 371K – RM 736K
asking prices in area
Active projects
1
selling or under construction
Subsale condos
1
completed projects
Total tracked
3
properties in this area
Other projects in Prai
Other projects in Prai
All 2 others we track here, cheapest first — 1 of them still selling.
- GEM ResidencesRM371K
- Altus ResidencyRM736K
Elevate @ Gravitas subsale — common questions
What is the price of Elevate @ Gravitas?
Elevate @ Gravitas runs RM511,100 to RM1,977,000. That is the post-completion transacted range. That works out to about RM500 per square foot. Checked 2026-10-05.
Is Elevate @ Gravitas freehold or leasehold?
Elevate @ Gravitas is freehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.
Can a foreigner buy at Elevate @ Gravitas?
Yes. Seberang Perai sets a RM500,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was Elevate @ Gravitas completed?
Elevate @ Gravitas was completed in 2019 by Uda Land (North) Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Elevate @ Gravitas?
Homes range from about 1,119 sq ft. There are 114 homes in total.
Who developed Elevate @ Gravitas?
Elevate @ Gravitas was developed by Uda Land (North) Sdn. Bhd., completed in June 2019.
Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.