Mid-income condos to drive property market recovery — Colliers

RESIDENTIAL VACANCY in Metro Manila is expected to decline steadily by 2027, driven by renewed demand for middle-income condominium, according to real estate consultancy firm Colliers Philippines.

- Beatriz Marie D. Cruz

In its Third Quarter Property Market Report, Colliers expects residential vacancy rates to reach 26.5% this year, before falling to 26% in 2026 and to 24.9% in 2027.

“What stands out is that the mid-income residential segment continues to perform well,” Colliers Philippines Director and Head of Research Joey Roi H. Bondoc said ata briefing on Wednesday.

“Hopefully, we see a greater take-up for the affordable, lower mid-income, and upper mid-income condominium units by the end of this year, the fourth quarter, and towards 2026,” he added.

In the third quarter, residential take-up surged by 108% to 5,900 units from 2,800 units in the second quarter. This was also the highest in nine quarters or since the 8,500 units in the second quarter of 2023.

“When you look at the take-up for the first nine months of 2025, more than 90% of these projects are coming from the affordable to mid-income segment,” Mr. Bondoc said, noting that these units are typically priced between P2.5 million and P12 million.