Beyond supply glut, Manila condo market faces 'repricing': The numbers that matter
Manila: The condominium market here entered 2026 with a paradox: a huge housing need exists while Metro Manila simultaneously has a condo glut. It's a strange housing market feature: the Philippine capital as thousands of completed condo units that remain vacant amid a big gap in affordable housing. The problem of a lack of proper housing for millions of Filipinos is not an engineering one;…
Manila's condominium market entered 2026 with a paradoxical situation: a massive housing demand coexisted with a surplus of condo units. The Philippine capital had thousands of completed condo units sitting vacant while a significant gap in affordable housing persisted. The root cause was not technical but rather a disconnect between supply and demand.
In short, there was a mismatch between what developers built, where they built it, and who could afford it. The overheated condo market, driven by POGO-driven speculation, is showing early signs of healing. However, this process is likely to be a multi-year adjustment rather than a quick rebound. By the end of 2025, 79,200 unsold condo units remained in Manila, with the number growing.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
