“Definitely we’re seeing very positive indicators in the market right now. One reason why, if you look at the launches, we’re seeing the mid-income now recovering,” Joey Bondoc, Colliers Philippines director for research, said during their quarterly briefing on Wednesday.
The mid market segment covers condominiums priced from P2.5-P12 million.
“It’s now the mid-income that is the comeback, and we believe that that’s a positive news for a lot of Filipinos because this is the segment, of course, that can somehow be achieved or can be acquired by, say, a mid-level employee, and this should bode well for the Philippine property [sector], especially the condominium market in Metro Manila,” Bondoc added.
8 years worth of excess inventory
Developers are turning to more aggressive pricing tactics to move unsold ready-for-occupancy units, offering spot-cash discounts as high as 60 percent, alongside flexible lease-to-own and extended payment schemes.
Excess inventory in Metro Manila remains significant, with absorption now taking about eight years, down from over ten years previously.
Data from Colliers Philippines showed that Manila North led the surge, with net take-up soaring from just 4 units in the first quarter of 2025 to 1,064 in the third quarter, followed by the Fort Bonifacio Fringe (704 units) and Makati Fringe (423 units), where mid-income homes made up nearly all transactions.
These gains show how flexible payment schemes and strategic pricing are reviving this key market segment.
Supply is coming down in these areas
Maeanwhile, data showed some submarkets are seeing slower sales of ready-for-occupancy condos as inventory tightens.
Manila’s share of remaining RFO units dropped from 22 percent in the first quarter to 14 percent in the third quarter of 2025, while Parañaque, Pasig, and Alabang–Las Piñas also posted slight declines.
Luxury condos hit by flood control scandal
Bondoc also noted that the ongoing flood control corruption scandal has rattled parts of the upscale and luxury segments.
“You’re probably wondering, has the flood control issue affected the take-up? Well, we believe that the flood control mess has had some impact on the more expensive condo segments—luxury, ultra-luxury, P15 million, P100 million per unit,” Bondoc said.
“So it appears that based on take-up for the first nine months of the year, the mid-income segment—affordable and mid-income—is somehow isolated from the flood control issue and has not really affected the take-up for these more affordable condominium units,” he added.
—Edited by Miguel R. Camus
