Metro Manila’s condominium market is finally showing signs of balance after years of oversupply, as stronger sales and fewer project launches trimmed the sell-off period for existing units to 31 months — a notable improvement from 38 months in the previous quarter, according to Leechiu Property Consultants (LPC).
The third-quarter report from LPC reveals that around 79,400 units remain available across 619 active projects in the capital region. Demand rose 16 percent quarter-on-quarter to 7,713 units, while new launches were kept in check at just 1,766 units — signaling a more disciplined market.
“Momentum is returning. Demand is rising, launches remain moderate, and inventories are trending toward healthier levels,” LPC said, noting that the condo market is “moving closer to equilibrium.”
In contrast, the second quarter recorded 81,400 unsold units — enough to last more than three years — far from the ideal 12-month absorption rate. LPC attributed the turnaround to sustained interest in mid- to high-end developments and improving consumer sentiment amid a stable economic outlook.
The upswing was led by the upscale segment (P7 million to P12 million) which accounted for 2,855 units sold, followed by upper middle-income (P4 million to P7 million) at 2,316 units, high-end (P12 million to P68 million) at 1,942 units, and middle-income (P2.3 million to P4 million) at 394 units. Luxury properties worth over P68 million also saw modest but steady movement.
Still, affordability remains a major hurdle. “The majority of available inventory caters to mid- to high-end buyers. The challenge now is to make ownership accessible to more Filipino families,” LPC research director Joey Golez said. “Inclusive housing growth will be crucial to sustaining long-term market health.”
By location, Quezon City continues to dominate with 19,100 available units, followed by Ortigas (14,000), the Bay Area (13,300), and Manila (10,700). Other hotspots include Caloocan (8,800), Alabang (7,500), Makati (3,800), and Bonifacio Global City–Taguig (2,100).
With take-up now at a seven-quarter high and supply thinning out, analysts believe Metro Manila’s condo sector is entering a phase of recovery — one that favors more strategic launches, smarter pricing, and renewed investor confidence.