{
  "id": 427611,
  "title": "Beyond supply glut, Manila condo market faces 'repricing': The numbers that matter",
  "url": "https://urgent.news/2026/08/05/beyond-supply-glut-manila-condo-market-faces-repricing-the-numbers",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-05T00:36:03.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/property/beyond-supply-glut-manila-condo-market-faces-repricing-what-it-means-1.500630690"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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;…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}