Evolving lifestyles among households

The Philippine property market finds its next phase

- Bjorn Biel M. Beltran Special Features and Content Assistant Editor

THE PHILIPPINE real estate market has been showing remarkable resilience on the back of the country's economic momentum. While economists posit that natural disasters and the ongoing corruption scandal involving government flood control projects may dampen economic growth in the third quarter, the Philip pines maintains an optimistic target of 5.5%-6.5% growth amid a gloomy global environment.

Inflation remains subdued at an average of 1.7% for the first nine months of the year. Recently, the Bangko Sentral ng Pilipinas Monetary Board even lowered benchmark borrowing costs for a fourth straight meeting, bringing the policy rate to 4.75%.

Such an environment tempered headwinds in the property market. For the residential sector in particular, while Metro Manila continues to see dampened take-up for mid-income condominium projects, the same cannot be said of luxury and high-end developments.

According to real estate analysts Colliers Philippines, the sluggish take-up in mid-income markets prompted major property developers into "aggressively offering attractive and innovative" ready-for-occupancy promos to lure buyers, including hefty discounts for spot cash purchases, extended terms, free appliances, and other concessions. The promos appear to be working, with Colliers recording improved take-up practically across all condominium price segments in Metro Manila.

"What we are seeing now is a more pronounced influx of luxe — high-end property developments dominating supply thru new launches and demand as represented by positive net take-up for luxury to ultra luxury units," Colliers said in their Q2 2025 Property Market Report.