Metro Manila condominium demand remains present, but buyers are more selective. Leechiu Property Consultants’ first-half report put second-quarter demand at 7,255 units, only slightly below the prior quarter, while inventory reached a new high of 82,900 units across 616 actively selling buildings.

Inventory Is The Main Local Issue

An 82,900-unit active inventory changes the power balance between developers and buyers. Even where demand exists, projects must compete on location, payment terms, turnover certainty and unit size. New supply and cancellations outpaced absorption, so developers cannot count on blanket price growth across Metro Manila.

End-Users Are Still In The Market

Demand is being supported by end-users, housing programs and financing support rather than speculative flipping. That means BGC, Makati, Quezon City and Pasig projects need to justify their premiums through transport access, workplace proximity and building operations rather than relying only on brand names.

Affordability Shapes The Rainy-Season Window

July is often a slower viewing period, and developers are using incentives to close inventory before year-end. Buyers may see zero-downpayment offers, parking bundles or longer move-in timelines, but the quality of the building and association costs still determine whether a discount is real value.

What To Watch Next

Metro Manila’s second half should be absorption-driven. Demand can remain intact, but high inventory means developers with weaker locations or expensive monthly carrying costs will need sharper offers. Track Philippines real estate daily: For current listings, price trends, and market data, visit philippineshousingmarket.com.