Philippine Property Market: Affordable Housing Props Up Metro Manila Condo Demand
Colliers flags rising vacancy even as budget-friendly units keep buyers engaged
Written by PropVela Editorial TeamPublished 1 min read
Today's roundup zeroes in on the state of Metro Manila's condominium sector, where affordability is doing the heavy lifting amid a challenging supply picture.
Affordable Housing Leads Metro Manila Condo Demand as Vacancy Nears Record High
Colliers Philippines reports that budget-friendly condo units remain the main driver of take-up in Metro Manila, even as the city's overall vacancy rate edges toward a record high. The consultancy pointed to the spread of residential projects beyond the traditional central business districts, paired with quicker approval processes and closer coordination between government agencies and developers, as factors that could help steady the market over the long run. These shifts suggest that where and how projects get built may matter as much as how many units come online. According to the Philippine Canadian Inquirer, citing Colliers, this decentralization trend is expected to play a central role in the housing market's eventual recovery.