Metro Manila’s condominium overhang remains large but more nuanced than a single glut headline. Leechiu Property Consultants reported 82,900 unsold units across 616 actively selling buildings in Q2 2026, while demand of 7,255 units showed buyers are still active but more selective.<\/p>\n
The unsold count is near a record, yet months of supply around 34 is shorter than some prior stress points because take-up has improved. That distinction matters for developers deciding whether to discount or hold prices.<\/p>\n
Quezon City, Bay Area, Ortigas, Makati and other submarkets do not carry identical stock. Buildings with weak access, high dues or investor-heavy ownership will face more pressure than end-user locations.<\/p>\n
Leechiu’s commentary points to demand supported by end users, government housing programmes and financing support. Buyers are still present, but they are more careful about payment terms and long-term carrying costs.<\/p>\n
The Philippines’ second-half condo test is whether launches slow enough for absorption to catch up. Metro Manila buyers should negotiate by building and district rather than assume all unsold stock deserves the same discount.<\/p>\n
For Philippines, the practical check is whether this local signal is visible in signed contracts, bank approvals, lease negotiations, registered transfers or completed works. Buyers should compare Metro Manila condos, Leechiu, condominium inventory with recent transaction evidence, title documents, service charges, building condition and realistic exit demand before treating the latest news as a price guarantee.<\/p>\n