Metro Manila’s condo glut set to last years—but savvy buyers can win big!
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Metro Manila is now facing a condo oversupply that might take over three years to absorb. That’s around 38 months’ worth of unsold units. Vacancy rates could hit 26% by the end of 2025, meaning one in four condo units might be empty. Pasay, Parañaque, and the Bay Area are feeling it most, while core areas like Makati remain resilient.
This isn’t exactly a crash—but it’s definitely a wake-up call. Mid-range units in saturated areas are seeing price corrections. After nearly a decade of skyrocketing property prices, a market reset is underway. It’s a moment filled with opportunity for homebuyers and investors.
Why? Developers are stepping up with major incentives: flexible terms, bigger discounts, and buyer-friendly payment plans. Condo prices have risen around 300% since 2015, but average incomes haven’t kept up. So what’s changing now is accessibility—especially for first-time buyers.
Despite this surplus, the long-term outlook still looks solid. Fewer new units are expected between 2025 and 2027, which should help balance things out. Economic growth continues, and demand from students, young professionals, and expats keeps locations near key business districts attractive.
So what does this mean for you? If you’re looking to invest or finally get your own place, now might be the right time to make your move—before prices climb again.
Harbour Park Residences in Mandaluyong offers a smart choice. It’s move-in ready, close to Makati, and designed for the modern lifestyle. From infinity pools to naturally ventilated halls and stunning skyline views, it brings comfort and value together in a location that makes everyday life convenient.