Metro Manila condominium demand is intact, but developers are carrying a heavy sales board. The Philippine News Agency reported Leechiu Property Consultants’ 1H 2026 market findings, including 7,255 units of demand in Q2 and inventory of 82,900 units across 616 actively selling buildings.

Demand Has Not Collapsed

A Q2 demand figure only slightly below the prior quarter shows end-users are still buying despite inflation and affordability pressure. Government housing programs and financing support are helping, especially where projects offer practical unit sizes.

Inventory Is The Hard Part

The 82,900-unit active inventory level means buyers have choices and developers must compete. Supply additions and cancellations outpacing absorption create a market where discounts, parking terms, turnover readiness and monthly amortization matter.

Building Quality Will Split The Market

A building in a transit-connected district with working amenities and realistic dues is not the same as a dense project with slow turnover. Buyers in Pasig, Quezon City, Makati, Manila Bay and the south corridor should compare actual completion risk, not just preselling price.

Outlook

Metro Manila's second half should stay selective. Demand can absorb well-priced units, but the large inventory base means developers need clearer financing support and product discipline before price growth becomes broad again.

For Philippines, the immediate check is whether the reported movement appears in signed contracts, lender approvals, permits, title records, or completed handovers rather than only asking prices. Buyers and agents should compare the named locations above with current listings and documents before extrapolating the story nationally.

Read more at Philippines Housing Market.