BusinessWorld
June 4, 2021 | 12:02 am
THE BANGKO SENTRAL ng Pilipinas targets to start releasing a quarterly commercial property price index within this year. BW FILE PHOTO
THE CENTRAL BANK will start to release a commercial property price index within the year as it broadens its watch on the sector, which an expert said could also help the industry establish better benchmarks and valuations.
“As part of expanding the surveillance on financial exposures of banks to, and price trends, in the property sector, the BSP (Bangko Sentral ng Pilipinas (BSP) will be releasing the Commercial Property Price Index (CPPI) within the year,” BSP chief Benjamin E. Diokno said at a briefing on Thursday.