Metro Manila Condo Demand Sees Q3 Uptick, Sustainability Questioned
Economy

Metro Manila Condo Demand Sees Q3 Uptick, Sustainability Questioned

Residential condominium take-up in Metro Manila saw a robust 17% increase in the third quarter, yet a property consultancy cautions against interpreting this improvement as a return to sustained growth. Aggressive developer promotions and government housing initiatives provided support, but unsold inventory in higher segments and economic/geopolitical uncertainties remain market headwinds.

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  • Philippines Condo Glut: Ghost Units and Misallocated Capital

    An oversupply of condominiums in the Philippines has become a significant issue. Speculative investments, fueled by past BPO and POGO booms, led to supply far exceeding actual demand. This has resulted in numerous unoccupied units, termed 'ghost condominiums,' and the misallocation of capital away from productive sectors.