Recently, Colliers Philippines has shared a report that there is an oversupply of condominiums worth 34-months while this might sound concerning, we see that this could be a temporary correction in the market and a possible shift to “buyer’s market”.<\/p>\n\n\n\n
The Metro Manila real estate is known for it’s great capital appreciation with an average of 15% annually in which made the prices really high. While this benefited investors who have purchased properties on the earlier stage this also made it difficult for those who want to invest today.<\/p>\n\n\n\n
As there are more properties available in the market, we can see a transition to a market more favorable to the buyers with potential discounted price for the secondary market. During pandemic, the developers also provided discounts and more flexible payment terms than enable the market to pick up.<\/p>\n\n\n\n
With the exodus of Philippines Offshore Gaming Operators or POGO which occupied almost 20% of office supplies and around 10% of residential properties, we also see a potential decline in rental rates which offers an opportunity to others.<\/p>\n\n\n\n Ready to invest in the Philippines’ thriving economy and real estate market? Explore opportunities in Metro Manila condos today!<\/p>\n\n\n\n Data extracted in January 2025<\/p>\n\n\n\n![\"\"](\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-14-160913-1.png\")
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