KUALA LUMPUR: Property developer LBS Bina Group Bhd has announced the implementation of dual dividend policies, encompassing a special dividend of six sen per share for the next four years.

BORN in Ohio in the US, Ame Engelhart's childhood provided her with some ideas about her future profession. "I always loved to make things — I drew, I painted, I built little things — I was a maker," says the director of Skidmore, Owings and Merrill (SOM) in Hong Kong. "I then went to New York for the first time when I was 9 or 10, and I fell in love with it.

I like property development because you are leaving your mark on this world that people can enjoy and look forward to," says Mulpha International Bhd's executive chairman Lee Seng Huang. Lee, who is in his late thirties, helms one of the most recognised companies here, which today has a presence in Malaysia, Vietnam and Australia.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT) is looking to acquire Tropicana City Mall and an office block from property developer Tropicana Corp Bhd, according to sources.

The price is expected to be between RM550 million and RM650 million for both the mall and office block.

GEORGE TOWN: Hunza Properties Bhd sees positive take-up for Hunza Tower, its 10-storey office block at the new Gurney Paragon Mall, said executive chairman Datuk Khor Teng Tong.

He said the office tower is almost fully taken up by renowned companies, but declined to divulge the names of the tenants as formal agreements have yet to be signed.

WITH less than two years to go at S P Setia Bhd, president and CEO Tan Sri Liew Kee Sin assures us that the property developer's entrenched entrepreneurial determination will continue to drive its success. Liew joined S P Setia in 1996, when its market capitalisation was only RM800 million.

A revival in the fortunes of Mulpha Land Bhd (MLand) and Mudajaya Group Bhd is pointing to a re-rating of low-profile Mulpha International Bhd (Mulpha), which holds equity interest in the two companies.Furthermore, Mulpha's jewel in the crown — its landbank in Iskandar Malaysia, Johor — is a property development hot spot and is estimated to be worth billions of ringgit.

REYKJAVIK: A Chinese property tycoon who wants to build a resort in the Icelandic wilderness still hopes to clinch a deal with authorities in Reykjavik despite two failed attempts, his representative says.

THE nine-year wait for the state government to approve the relocation of the Selangor Turf Club (STC) must have been a testing time for Berjaya Corp boss Tan Sri Vincent Tan, who won the tender to undertake the development of the tract and the relocation in 2004.

WE want to tell the public the MKH story," declares Tan Sri Eddy Chen, group managing director of MKH Bhd. As he puts it, it is about how a small-time builder became a force to be reckoned with, in the fast-growing town of Kajang and how it is slowly transforming itself into a metropolitan developer.