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Metro Manila condo: Standing the test of time
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Metro Manila condo: Standing the test of time

Joey Roi Bondoc

Developers primarily focused on the Metro Manila market have been cautious of new product launches. This is pretty understandable given the challenges we see across the capital region.

But some developers are smart enough to launch new projects tailored to rising demand for niche offerings, especially condominium units that appeal to buyers’ discerning and evolving tastes.

They are prudent enough to recognize that the slowdown in Metro Manila isn’t uniform across the region. Some cities continue to enjoy stable take-up rates, and developers capitalize on this by highlighting their micro townships’ enhanced connectivity and access to essential goods and services.

These developers are also highlighting the rental prospects of their residential projects; the price appreciation potential of their condominium units; and their premium amenities and after-sales services.

Besides the more established business districts, other parts of Metro Manila continue to remain feasible for new vertical projects, including Mandaluyong.

Improving connectivity is key

In our view, Mandaluyong residents will directly benefit from the city’s proximity to key infrastructure projects including the Estrella-Pantaleon Bridge, which was completed in July 2021. This project reduces congestion along Edsa as it connects the cities of Makati and Mandaluyong.

There’s also the BGC-Ortigas Link Bridge, which connects Fort Bonifacio and Ortigas Center. It also reduces congestion in the country’s main thoroughfares such as Edsa, C5 and Guadalupe Bridge.

Another big-ticket project that will benefit Mandaluyong is the Metro Manila Subway, a 33-km, P489 billion rail line that aims to improve connectivity between business hubs in Metro Manila. The subway line will have 17 stations from Valenzuela City to NAIA Terminal 3 and the Food Terminal Inc. Two stations will be built along the Pasig-Mandaluyong area.

Then there’s the MRT-4, a metro rail project that will connect Metro Manila and the province of Rizal. The 12.7 km rail line will likely consist of 13 stations and will ease traffic congestion along Ortigas Avenue.

(https://www.klook.com)

New office supply in the pipeline

As of end Q1 2025, total office stock in Mandaluyong reached 664,600 sqm. From 2025 to 2029, Colliers projects the delivery of 51,800 sqm annually.

In 2024, 42,500 sqm of office deals were closed in Mandaluyong with transactions from Cloudstaff, ConnectOS, ESCA Engineering and Global Strategic Business Process Solutions. Traditional firms dominated deals in Mandaluyong, accounting for more than half of the total transactions.

Mandaluyong also benefits from its proximity to multinational corporations and offices of aid agencies and contractors involved in the construction of Metro Manila infrastructure projects.

Redefining condo living

Colliers believes that open and green spaces, smart home technologies, as well as proximity to workplaces, malls, schools and hospitals are now more prized than ever. The pandemic has changed how we live, work and shop and so developers are racing to integrate these features into their projects to meet residents’ evolving preferences.

In our view, residential developers in Metro Manila that provide upscale amenities, top-tier concierge services, and high quality after sales services continue to remain popular among the experienced and affluent clients.

See Also

With the Philippine property market treading the sustained path to recovery, several developers have integrated more healthy and sustainable amenities into their newly launched projects.

Some have also added unique features like glamping nook, garden gazebo, sky promenades, and electric vehicle (EV) charging stations, as hyper-amenitized condominium developments have become the norm.

Developers’ track record

Colliers emphasizes the importance of investing in condominium projects by reputable property firms who have a proven track record of delivering high quality projects.

Investors and buyers should prioritize projects with good quality construction, premium amenities, and sustainable features. Major developers are also offering more attractive payment terms and promos including lower amortization rates, extended payment terms for ready-for-occupancy (RFO) units, and hefty discounts for spot cash buyers.

Opportunities proliferate in the Metro Manila condominium market and investors should be wise to look for projects that tick all the boxes. A residential unit remains a viable investment option for local buyers and overseas Filipinos.

The Metro Manila condominium market has indeed stood the test of time and we see this persisting in the years to come.

For feedback, please email joey.bondoc@colliers.com

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