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NCR Rental Rates Plunge in Q2
The Philippine Star
|July 11, 2025
Rental rates in Metro Manila are declining across central business districts, with the Bay Area in Pasay—formerly the paradise of Philippine offshore gaming operators (POGOs)—giving up the most value to date.
Based on a report from Leechiu Property Consultants (LPC), rents across Metro Manila dropped on a quarterly basis even as sales are starting to recover.
LPC director for research and consultancy Roy Golez said sales of condominium units in Metro Manila increased by two percent to 6,643 in the second quarter from 6,508 in the first quarter.
Likewise, Golez said new launches ballooned by 31 percent to 1,761 units, growing the available supply to 82,800, good for at least three years. However, whatever gain the residential market shows in sales has yet to reflect in rental values.
This story is from the July 11, 2025 edition of The Philippine Star.
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