Colliers Philippines managing director Richard Raymundo urged developers to keep their momentum going as they clear the inventory buildup in Metro Manila’s mid-income condo market.
Vacancies continue to weigh heavily on the office sector in Metro Manila and most major urban centers, but one southern city has quietly flipped into a landlord’s market.
The Philippines is opening its doors wider to global capital after President Ferdinand Marcos Jr. signed a law allowing foreign investors to lease private land for up to 99 years.
Metro Manila’s hotel market held steady in the first half of 2025 as domestic tourists and in-person events offset a decline in foreign arrivals, keeping average occupancy at 64 percent.
After weathering the office downturn, Makati Central Business District is set to shift in favor of landlords by 2026 with falling vacancies and a resurgence in demand.
The new normal is shifting once again, as 54 percent of companies have adopted a full return-to-office (RTO) setup, adding to signs of a retreat from remote work, based on Colliers’ fourth quarter 2024 survey results.
Real estate prices in Metro Manila have consistently surged after elections, reflecting the deep connection between business and politics, according to Colliers Philippines’ 2025 data.