Metro Manila condo vacancy may drop in 2026 – Colliers

METRO MANILA'S residential market continues to experience dampened take-up for mid-income condominium projects (priced from P3.2 million to P12 million per unit). This has prompted major property developers to aggressively offer attractive and innovative ready-for-occupancy (RFO) promos to encourage more buyers to acquire units in the capital.

- By Joey Roi Bondoc

Hefty discounts on spot cash payments, extended payment terms, free appliances, and other concessions are indeed enticing more investors to purchase vertical units. These promotions appear to be effective, with Colliers recording improved take-up across nearly all condominium price segments in Metro Manila.

We are now seeing a more pronounced influx of luxury developments — high-end projects dominating both supply, through new launches, and demand, as evidenced by positive net take-up for luxury to ultra-luxury units priced at P100 million and above.

Developers have become more prudent with their launches within and outside Metro Manila, capitalizing on a consumer base flush with cash and actively seeking capital value appreciation opportunities even beyond the capital.

DEMAND AND RENTS REMAIN SOFT