Oct. 2024: A Renter’s Market ( Available units as of Sept. 23, 2024 )

The latest updates for the condominium rentals industry in the Philippines is very much affected by the ongoing political issues involving POGO. The drama has affected other industries relating to companies that abide by the book as it tarnished the industry. It created a ripple effect, as uncertainty with foreign companies had them pulling the plug on the lifeline of their business.

The ber months will be a stressful time on the road.

The coming month presents an excellent opportunity for local renters:

  • Increased Inventory: More available units than in recent months
  • Competitive Pricing: Lower rates due to market adjustments
  • Greater Choice: Renters can explore multiple options before deciding

This combination of factors creates a favorable environment for those looking to secure year-long leases.

Time-Sensitive Opportunity

While October offers attractive conditions, potential renters should be aware of two factors that may impact their decision-making:

  1. “Ber” Months Traffic: The period from September to December typically sees increased congestion in Metro Manila, which could affect property viewings and move-in logistics.
  2. Potential Price Volatility: There’s uncertainty about whether the current favorable rates will persist beyond November.

Check out for our high-end condos in Alabang and mid-priced smaller 2-bedroom units in Bicutan

2 new listings in Eastwood City.

In our job, timing is important. Just a few weeks ago, we have been swamped with interest for properties inside Eastwood City. This month, we are looking to go back on our leads and set up our appointment to lease out the 2 properties.

Act Now

Given these circumstances, prospective renters are advised to act promptly. The current market conditions provide a window of opportunity that may not last long. By exploring options and negotiating leases now, renters can potentially secure better deals before any potential market shifts or seasonal challenges arise. Call us today


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