In January 2025, the condominium market in Metro Manila faced an oversupply, creating opportunities for tenants but challenges for investors.

Unsold units surged by 77% in 2024, reaching P 158 billion worth of inventory, a substantial incease from P 89.6 billion in 2023.

There was also a mismatch between available units and buyer demand, with overpriced condos not aligning with the finances of potential buyers. Buyers has continually explored properties outside the metro while the rental market still has the potential for value with tenants looking to cut their time in their routine going to the office particularly in Makati and Ortigas Center.

The Mall of Asia is heavily reliant on POGO tenants and has experienced more pronounced issues with declining rental rates and soaring vacancy rates. Some of our colleagues thought that it is a “ ghost town ”. The most coveted property has been the exact opposite on the start of the year.

Investors who relied on students or bought at the university belt, have seen minor changes, as they cater to a different niche, mainly locals.

Overall, it is a good time to rent especially with the affected areas. Take this opportunity to choose with our available properties in Mall of Asia and enjoy the perks of living in the center of the entertainment district not to mention it’s proximity to the airport and lesser traffic as compared to established business districts.

This is the best opportunity to lock your rental today, we look forward to serve you.

• arahdayao