Atin Ito | Ontario’s First Filipino Community Newspaper – Trusted News and Stories for the Filipino-Canadian Community Atin Ito is Ontario’s first Filipino community newspaper, delivering trusted news, stories, and updates for Filipino-Canadians. Stay connected with your community.
Unsold condominium units in Metro Manila climbed to a record 82,900 in the first half of 2026 as new supply continued to outpace sales despite stronger buyer activity, property consultancy Leechiu Property Consultants (LPC) said Tuesday.
The market now has about 34 months of supply across 616 actively selling condominium buildings, Leechiu Property Consultants director Roy Golez said in a property briefing.
“So this level is actually the highest it’s been since we started tracking in 2016,” Golez said.
Golez said he is not too worried about the rise in unsold inventory since take-up remains steady.
Condominium take-up reached 14,500 units in the January-to-June period, up 6 percent from a year ago, while developers launched 4,900 new units, an increase of 18 percent.
Buyer demand held steady despite geopolitical uncertainty, affordability concerns and weaker purchasing power, supported by end-user purchases, government housing programs and financing assistance, LPC said.
Units priced between P4 million and P7 million continued to dominate take-up, reflecting the bulk of supply in the market.
Completions and cancellations continued to outpace unit sales, Golez said, pushing the stock of unsold units higher.
LPC reported double-digit growth in land prices for residential projects in Central Luzon. Land prices south of Metro Manila slowed despite high demand due to substantial supply.
With inventories still elevated, developers are taking a more cautious approach to new investments and focusing on residential projects that cater to end-users with access to housing finance.
Ten projects were cancelled from 2025 to the first half of 2026 due to high interest rates and inflation, Golez said.
Condominium rents declined in most major business districts.
Bonifacio Global City posted an average monthly rent of P1,105 per square meter, down 4 percent from a year earlier, while Makati fell 5 percent to P887 per square meter.
Taguig recorded a 7-percent decline to P715 per square meter, Alabang-Muntinlupa dropped 5 percent to P750 per square meter and Ortigas-Mandaluyong slipped 1 percent to P729 per square meter. The Bay Area/Pasay registered the biggest decline at 18 percent to P706 per square meter. — Jenniffer B. Austria
*****
Credit belongs to: www.manilastandard.net
