According to Colliers, unsold condominium units in Metro Manila totaled approximately 80,000 units as of the end of the second quarter of 2026. Of these, units that are already completed and Ready-for-Occupancy (RFO) reached approximately 32,600 units. This is the primary reason developers are prioritizing the disposal of existing inventory over new launches.
Newly launched pre-built condominium units in the second quarter numbered only around 1,200, bringing the first-half total to just 2,600 units — a 64% decline year-on-year. This marks a shift away from the era in which “build it and it will sell,” toward a market where developers confirm the pace of inventory absorption before bringing new supply online.
On the completion side, only one major project — roughly 540 units — was confirmed completed in the second quarter. For 2026 as a whole, however, about 12,940 units are expected to be completed, with roughly 60% of upcoming completions concentrated in the Bay Area and the C5 Corridor.
For brokers, then, what matters most right now is not the price of new units, but how many RFO, resale, and rental listings already exist within the same building.
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