Metro Manila condominium developers launched about 3,000 units in the first half of 2026, while net take-up was about 2,000 units, The Manila Times reported from a Colliers briefing. Colliers also counted about 32,000 unsold ready-for-occupancy units and said cancellations were rising in units priced from PHP 3.6 million to PHP 12 million.
The same report put Bay Area residential vacancy at nearly 60%, while Makati, Rockwell and Ortigas recorded lower rates. Across the secondary market, nearly one in four units was vacant, according to the report of Colliers’ figures.
GMA News separately reported a Leechiu Property Consultants series showing 82,900 total unsold units, equivalent to about 34 months of supply. That series recorded 4,900 first-half launches and 14,500 units of take-up.
The Colliers and Leechiu numbers use different populations and definitions, so the 32,000 and 82,900 figures are not directly comparable. Colliers’ primary methodology was not available for this article; every Colliers measure here is attributed to The Manila Times’ account of the briefing.
Looking ahead, Colliers expects secondary-market vacancy to approach 26% by the end of 2026 and anticipates fewer completions through 2029. The two series therefore point to cautious new supply and elevated inventory.
References
The Manila Times — Developers slowing Metro Manila condo launches
GMA News — Metro Manila unsold condo inventory reaches record 82,900 units
