NO doubt about it, there’s a huge inventory of condominium units in Metro Manila, primarily because they have become more expensive and more difficult for middle-class Filipinos to acquire.
“There are so many buyers, as in we’re talking millions of buyers, but the issue is they cannot afford [a condo in Metro Manila] anymore,” he said in mixed English and Filipino. Unsold inventory in ...
Year-to-date, condominium take up was recorded at 25,565 units, equivalent to 63% of that recorded in the comparable period of 2023 while project launches stood at 13,226 or half of the previous year.