Metro Manila Unsold Condo Stock Hits 82,900 Units In Q2

Metro Manila's condominium market remains buyer-led after second-quarter data showed unsold inventory reaching 82,900 units, even as take-up improved from last year.

Inventory Is At A Record

Leechiu Property Consultants' Q2 figure placed unsold condominium inventory at 82,900 units, slightly above the 2025 level and the highest in its tracking period. The estimated absorption period is still far longer than the historical norm.

Rents Show The Weak Spots

Business district rents remain below pre-pandemic levels in several areas, with the Bay Area and some fringe markets carrying the deepest corrections after the offshore-gaming exit. BGC and parts of Taguig have held up better.

Launches And Take-Up Are Improving Selectively

Developers launched more units in the first half than a year earlier, and take-up also rose. That prevents a collapse narrative, but the market is still sorting winners by location, segment and price point.

Buyer Checks

Purchasers should compare building vacancy, rental history, association dues, developer incentives, turnover timing and secondary-market discounts. A large cash discount is not enough if resale and leasing depth are weak, especially in towers competing directly with ready-for-occupancy stock.

Outlook

Metro Manila's condo recovery will be slow and uneven. Prime, well-managed buildings should keep demand, while oversupplied mid-market towers need sharper pricing, realistic rental assumptions and cleaner turnover incentives.

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