Leechiu Property Consultants data show underlying housing demand in the Philippines held steady in the first half of 2026, but unsold condominium inventory in Metro Manila reached about 82,900 units, roughly 34 months of supply, prompting developers to slow new launches. Pre-sales of Ayala Land, SM Prime, Robinsons Land and Megaworld fell 7% in the first half, while condominiums priced between P1.8 million and P3.6 million made up nearly two-thirds of Metro Manila condo take-up. Government support includes Pag-IBIG Fund raising its housing loan ceiling to P10 million and the 4PH program, while Colliers identified growth potential in regional areas such as Central and Southern Luzon. S&P Global Ratings analyst Johann Tan, however, warned that a meaningful rebound may not materialize until late 2027, as excess supply, high development costs and high financing rates continue to weigh on transactions.
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