JKP Sdn. Bhd. (JKPSB), a wholly-owned subsidiary of the Minister of Finance Incorporated (MKD) and implementing agency for the Penang Bumiputera Development Council (MPBPP), has launched Phase 6 and Phase 7 of its flagship Taman Seri Saujana project in Seberang Perai Selatan.

The pre-launch ceremony, held at Nibong Tebal Arena, was officiated by MPBPP chairman and JKPSB chairman Tan Sri Khalid Ramli. The event drew more than 1,000 attendees, including state leaders, government officials, industry partners, potential buyers, and members of the public.

Modern homes at competitive prices

Phase 6 features 32 double-storey semi-detached homes, while Phase 7 offers 42 double-storey terrace units, designed with modern layouts and family-friendly spaces. Each unit comes with four bedrooms and four bathrooms, catering to growing households seeking comfort and practicality.

• 2-storey semi-detached homes: From RM550,000 (Lot size min. 34’ x 70’, built-up min. 24’ x 37’)
• 2-storey terrace homes: From RM461,000 (Lot size min. 22’ x 65’, built-up min. 22’ x 32’)

Buyers will also enjoy added perks such as free legal fees for Sales & Purchase Agreements. The project is open to both Bumiputera and non-Bumiputera purchasers.

A strategic township development

Spanning 34.3 acres, Taman Seri Saujana is a mixed development across seven phases, featuring affordable cluster homes, terrace houses, semi-detached units, shop offices, a community hall, and a surau. Its location in Mukim 7, Jalan Bukit Panchor, offers residents easy access to schools, healthcare facilities, recreational areas, Mydin, C-Mart, and other amenities.

The project has been designed to balance affordability with exclusivity, providing modern two-storey homes that emphasise both spaciousness and functionality.

Kenduri Rakyat brings community together

In line with JKPSB’s commitment to “merakyatkan pembangunan” (people-centric development), the launch was accompanied by a Kenduri Rakyat. Guests enjoyed a kampung-style feast, cultural performances, a children’s colouring contest, clown and face-painting activities, as well as exhibitions and financing counters by participating banks.

The event fostered a sense of togetherness while giving the community first-hand access to information about the project.

Commitment to community well-being

JKPSB Chief Executive Officer Farizul Arif Abd Mutalib said the company’s mission goes beyond property development.

“JKPSB is committed not only to delivering quality housing but also to uplifting community well-being through projects that are accessible and beneficial to the Bumiputera community in Penang,” he said.

With Phases 6 and 7 now open for sale, Taman Seri Saujana continues to strengthen its position as one of Seberang Perai Selatan’s key township projects, offering families modern homes in a strategic and vibrant setting.

So, you’ve probably seen those property ads promising a dreamy “Guaranteed Rental Return” (or GRR for short). They’re everywhere. The deal sounds sweet: buy a place, and the developer promises to pay you a steady 5% to 10% return every year. No tenant headaches, no landlord drama—just easy, passive income. Especially for first-time investors, it’s a seriously tempting offer.

But before you get swept up in the glossy brochures and smooth sales talk, let’s pull back the curtain. The reality of these schemes is a lot more complicated and risky than it seems.

That “Guarantee” Isn’t What You Think

Here’s the first big red flag: that “guarantee” isn’t legally protected like your main property contract is. If things go south, you can’t just go to the housing tribunal. You’re looking at a messy and expensive lawsuit in civil court.

And the company promising you all this money? It’s often not the big, stable developer you’re buying from. It’s usually a tiny side company with barely any money to its name. If the scheme fails, that little company can just vanish into thin air, and you’ll be left holding the bag.

The Fine Print is Full of Tricks

Even if you do get your payments, there’s a catch. That “guaranteed” money isn’t a gift—it’s already baked into your purchase price. You’re basically paying a premium for your own money back.

Plus, those contracts are often loaded with sneaky clauses that let the company cancel the whole deal with very little notice. On top of your mortgage, you might also be stuck paying for mandatory fancy furniture packages or high maintenance fees.

What Happens When the Music Stops?

After the guaranteed period ends (usually 2-5 years), the party’s over. Suddenly, every single unit in your building hits the rental market at the same time. With so much supply, rental prices crash. And good luck selling—new buyers will know the original price was inflated, so your property’s value takes a nosedive. The developer, having fulfilled their promise, has zero reason to help you find a tenant.

We’ve Seen This Movie Before in Malaysia

The Arc @ Cyberjaya is a famous example of a GRR scheme failure. Buyers were promised a guaranteed 8% annual return for up to 25 years. However, the payments stopped very quickly, often within the first year. The company behind the guarantee was a separate entity with no money, making legal action pointless. Owners were suddenly stuck with mortgage payments for empty units in an oversaturated market, causing property values to crash and resulting in major financial losses for investors.

The lesson from these stories? If it sounds too good to be true, it almost always is.

The Bottom Line for Buyers

Don’t let a flashy “guarantee” blind you. Do your homework:

• Check who’s backing the guarantee. Is it a reputable company with real money, or just a flimsy shell company?
• Get a lawyer to read every single line of that contract before you sign anything.
• Compare the promised yield to what similar properties actually rent for in the open market. Is it realistic?
• Ask yourself the most important question: “Would I still buy this property if the guarantee didn’t exist?”

If the answer is no, then walk away. A real investment should stand on its own two feet, not on a shaky promise.

– Ken Lim
(Founder, PenangPropertyTalk.com)

The Penang state government is continuing its efforts to tackle flood problems with several projects already in progress.

In Taman Machang Bubuk, a flood mitigation project costing RM1.95 million started on 21 February this year. The works will take about 18 months and are expected to be completed by August next year.

According to State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari, about 10 percent of the project has been completed, with utility relocation works now underway. He shared this during a visit to the Machang Bubuk community hall on 2 September, joined by local leaders and technical officers.

The project is fully funded by the state government under the Drainage Contribution fund. Contractor Ye Shen Trading has been appointed to carry out six key components, including upgrading roadside drains and culverts, building a slump structure, and resurfacing the affected roads.

Before this, a study was carried out in 2022 to identify suitable solutions for the area. The findings led to the current project being approved and implemented.

Since 2020, the Seberang Perai City Council (MBSP) has received RM26.08 million in allocations for flood mitigation and infrastructure works across its areas.

Apart from Machang Bubuk, another major project is ongoing at Sungai Permatang Rawa with a budget of RM15.6 million. This project has already reached 71 percent completion and is expected to be finished by the end of 2026. Once ready, it will benefit around 1,000 residents in Kampung Permatang Rawa, Kampung Padang Lalang, Kampung Tanah Liat and Taman Guru by reducing the risk of floods.

Looking ahead, the state has also applied for RM105 million in federal funding under the 13th Malaysia Plan to carry out a new flood mitigation project at Sungai Kilang Ubi, which is often affected by flash floods.

“These projects are important to protect residents and reduce flood risks in affected areas,” Zairil said after also visiting a nearly completed flood mitigation site at Taman Sejahtera.

Introducing D’Hazelton @ Farlim, an upcoming affordable development by GSD Land Sdn Bhd that offers more than just a home — it’s a lifestyle in balance with nature.

Prime Location at the Heart of Farlim

Strategically located off Jalan Bukit Kukus, with easy access via Thean Teik Highway, D’Hazelton is surrounded by everyday conveniences:

• Bandar Baru Supermarket
• Econsave
• Farlim Night Market
• Permata Sports Complex
• A variety of eateries

Enjoy the vibrant lifestyle and convenience of the Farlim township just minutes away.

Spread across 8.09 acres of freehold land, D’Hazelton features:

• Tower A: 35 storeys
• Tower B: 34 storeys
• 32 commercial units

Each home is sized at 900 or 1,000 sq.ft., thoughtfully designed to be spacious yet affordable — perfect for first-time buyers and growing families.

Lifestyle That Embraces Nature

D’Hazelton promotes a green lifestyle with:

• Multiple facility decks at levels 2, 3, LG7 and LG8
• Communal spaces and greenery that elevate everyday living

Slated to be completed by 2029, D’Hazelton @ Farlim is a thoughtful blend of affordability, connectivity, and community – where home is not only a place to stay, but a place to grow.

Contact GSD Land at 1700-818-932 or +6012-503 9932.

M Zenni – a home in perfect rhythm, where the calm of nature meets the pulse of urban living. Located in the rising township of Southbay City, Batu Maung, M Zenni is a thoughtfully designed serviced residence that brings together architecture, sustainability, and community in one harmonious space.

Perched on a gentle hillside just 900 metres from the Second Penang Bridge, M Zenni offers residents panoramic views of the surrounding greenery and the sea beyond. Its prime location ensures seamless connectivity via the Tun Dr. Lim Chong Eu Expressway and places it within easy reach of major landmarks such as Silicon Island, Queensbay Mall, the Bayan Lepas Free Industrial Zone, and Penang International Airport.

More than just a place to live, M Zenni is a reflection of Mah Sing’s commitment to sustainable urban living. The project is targeting GreenRE Gold Certification, integrating eco-conscious features such as solar energy systems, rainwater harvesting, automated waste collection, and a smart community platform that simplifies daily living through digital conveniences. Designed with biophilic principles in mind, the development takes its cues from the surrounding landscape—using natural textures and tiered forms to echo the curves and character of the land.

The single 33-storey tower offers 494 freehold units, ranging from practical studio and 1+1 layouts to spacious 4-bedroom homes. Built-up areas span from 688 sqft to 1184 sqft, making M Zenni ideal for young professionals, couples, and families seeking flexibility, comfort, and value. Prices begin from RM 4xx,000, making it an attractive proposition for first-time homeowners and investors alike.

Amenities are curated to foster a vibrant, inclusive community. Residents will enjoy access to landscaped gardens, wellness and co-living lounges, integrated work pods, and barrier-free design throughout. A six-level car park podium, parcel lockers, and ground-level retail and F&B outlets add everyday convenience to the living experience.

M Zenni isn’t just a home—it’s a lifestyle in perfect balance. Here, nature, connectivity, and community flow together to create a living experience that’s truly one-of-a-kind.

Whether you’re a young professional, a growing family, or a savvy investor seeking a thoughtful, future-ready home, M Zenni is crafted to enrich your everyday.

Don’t miss your chance to own a piece of Penang’s next prime address!

Register now for early bird privileges and secure your place in a community designed in perfect rhythm. Or contact Mah Sing at 04-2024269