Oversupply (Metro Manila condo)

Oversupply — the Metro Manila condo market’s defining condition: roughly 75,000 unsold ready units, an inventory life of 6.8 years as of Q1 2026 (improved from the 13.4-year mid-2025 peak, per Colliers), concentrated in fringe districts while demand sits at price points the unsold stock doesn’t serve. It’s the reason developers discount 40–60%, the reason rents halved in POGO districts, and the number that must be argued against by anyone whose deal depends on appreciation. Refreshed quarterly by Colliers; date-stamp it in every underwrite.

First used in: 3.5 · The condo trap and the five escapes