Metro Manila’s condominium market is liquid but still oversupplied. The Philippine News Agency reported Leechiu Property Consultants‘ H1 findings, including 7,255 units of demand in Q2 and 82,900 units of inventory across 616 active buildings.

Demand Is Real But Not Enough

A 7,255-unit quarterly demand figure shows buyers have not disappeared. The problem is that the sales board remains large, so developers still need incentives, smaller unit strategies and better financing support to move stock.

Inventory Is Building Specific

Metro Manila’s 616 active condominium buildings do not compete equally. Bay Area projects, Makati fringe towers, Quezon City stock and southern commuter locations each face different rental, resale and occupancy conditions.

Affordability Controls The Pace

Government housing programmes and financing can help demand, but many buyers are still sensitive to monthly amortisation, association dues and handover costs. A discounted price is less persuasive if the total occupancy cost remains high.

Outlook

Metro Manila’s second-half condo market should keep favouring buyers who compare buildings carefully. Developers with finished amenities, credible leasing demand and realistic payment terms will clear inventory faster.

Local Watchpoint

The watchpoint is whether discounts move completed units or merely shift demand between buildings. Metro Manila buyers should compare turnover dates, association dues, rental vacancies and nearby competing stock before accepting developer incentives as proof of real value.

Read more local updates at Philippines Housing Market.