Metro Manila’s condo oversupply is localized in Pasay, Parañaque, and Muntinlupa, not market-wide. Key issues include rising prices (up 300% vs 21% income growth), lower rental yields at 2–4%, and high transaction costs cutting resale profits. Despite challenges, demand from end-users, investors, and luxury buyers remains, with reforms on zonal values, VAT, and buyer incentives seen as crucial to restoring affordability and market liquidity.

METRO MANILA’S CONDOMINIUM OVERSUPPLY IS STRICTLY LOCALIZED, NOT MARKET-WIDE Contrary to common narratives, Metro Manila is not...