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BSP recognizes Colliers as partner

Image source : Pexels.com | Colliers has been one of the BSP’s sources of insights and data on the real estate sector for more than 15 years

BSP recognizes Colliers as partner for real estate information

PropertyfindsAsia.com | BSP recognizes Colliers as partner for real estate information | MANILA, January 26, 2022 – Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) receives certification from the Bangko Sentral ng Pilipinas (BSP) as one of the monetary policy-maker’s partners for real estate information.

According to the BSP, Colliers has been for more than 15 years one of its sources of insights and data on the real estate sector, which serve as inputs to several of its key reports. These reports provide information and analysis to support the review and formulation of monetary policy by the Monetary Board and review policy strategies used by the BSP to operationalize the stance of monetary policy.

As recognition to its contribution, Colliers has been recognized as one of the BSP’s most outstanding partners for information in 2018 and 2019.

According to Richard Raymundo, Colliers Managing Director: “The recognition from Bangko Sentral ng Pilipinas is a clear reflection of our excellent data-driven approach in the real estate service industry. We are grateful for the recognition and we look forward to further partnering with government institutions for accurate and reliable real estate data.”

Colliers Associate Director of Research, Joey Roi Bondoc, said: “We are pleased with this recognition from the BSP. Our goal is to become a major source of real estate information in the Philippines. We continue to provide timely and accurate information to our public and private sector partners. We commit to continue providing data-backed insights and recommendations thru our reports and briefings.”

Colliers regularly releases reports on the Philippine property market. Covering the office, residential, retail, industrial, and hotel sectors, these reports are published quarterly and are some of the most cited research by the local media, equity firms, and property developers.

In addition to these quarterly reports, Colliers also releases bespoke research covering up-and-coming markets and the latest issues affecting the sector. For instance, in October 2021, the company released reports on Iloilo’s office and residential sectors, while in May 2021 it released a report on future-proofing the office sector by adopting green and sustainable features.