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BSP plans to launch real estate price index soon

2015-05-22 12:44:23| Real Estate - Topix.net

The Philippine central bank will soon introduce a property price index, part of a series of measures to help prevent an asset-price bubble from forming in the real estate market. The Residential Real Estate Price Index will help policymakers track property prices and assess the risks arising from the country's booming real estate market, Bangko Sentral ng Pilipinas Governor Amando Tetangco said in an email to reporters.

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