AMA ventures into P60B property development

AMA ventures into P60B property development:

AMA ventures into P60B property development

MANILA, Philippines—The AMA Group of Companies is investing P60 billion in various property developments across the country over the next 10 years, the flagship project of which is urban hub Picar Place in Makati.

AMA group's property unit Picar Development Inc., despite being a newbie in the highly competitive real estate, seeks to make its own mark with distinctive projects, such as an “iconic” 74-story tower in Makati envisioned to be the country's tallest skyscraper and the country's first “telepolis” (completely Wifi-enabled township) in Cavite, company officials said on Tuesday.

The P60-billion projected investments will involve a portfolio of 10 to 15 real estate p...

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