Metro Manila Condo Sales Rise 17% in Q3, Inventory Declines
Leechiu Property Consultants reported a 17% quarter-on-quarter increase in Metro Manila condo take-up during Q3 2026, reaching 8,454 units. Unsold inventory also saw a 3.5% reduction.
Condominium Sales Surge
Metro Manila's condominium market recorded a significant increase in sales during the third quarter of this year. Leechiu Property Consultants (LPC) reported an absorption of 8,454 units, marking a 17% rise compared to the previous quarter. This surge indicates a stronger demand for residential property in the Philippine capital region.
Inventory Levels Shrink
Alongside rising sales, the inventory of unsold condominium units in Metro Manila decreased. According to LPC, unsold stock fell by 3.5% to 80,000 units. The available supply, measured in months, also dropped from 34 to 28, suggesting a faster rate of market absorption for developers.
Incentives Drive Demand
The improved market performance was largely attributed to two key factors. Leechiu Property Consultants noted that developer-led promotions played a crucial role in attracting buyers. Additionally, government housing initiatives provided further support, stimulating demand in the residential sector across Metro Manila.
For property developers in the Philippines, the data shows continued sensitivity to pricing and financing. A significant portion of unsold units are in the P4-12 million price range, suggesting developers may need to maintain targeted incentives. Sustained sales near 8,500 units per quarter, combined with disciplined new project launches, could further clear existing inventory. Higher mortgage costs and weaker rental yields remain factors to watch.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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