Metro Manila Condo Oversube is too late, during the 8.2 years of market absorption of 8.2 years

Metro Manila Condoms reach a higher record last year, units not always expected to take eight years to be completely drawn by market, according to Colliers Philippines.

The units are not always included in 77% in the year 2024 to P158 billion of Inventory of Inventory, AP from P89.6 billion in 2023, Coliers Philippines said during a temporary period on Wednesday.

In the current market installation levels, it may take 8.2 years, or 98 months, because these combined items are sold, compared to 373 years, Mrs. Bondoc.

Metro Manila residence level reached 23.9%. With the decline in the capital, Mr Bondoc said there was a strong need for residential projects outside Metro Manila.

In addition, he noted opportunities to grow in pre-sales market, especially in UPSCALE and scale paragraphs.

Overall, Collier Philippines said the premises market is expected to grow in the growth despite the topics, are conducted by infrastructure projects and industrial growth.

Mr Bondoc pointed on the development of ongoing infrastructure such as Metro Rail Transit Line 4 (MRT-4), MRT-7, and Taguig City included integrated variety such as main development of housing.

The hotel sector showed reconciliation signs, supported by foreign nationals and increasing residential standards, he said.

International hotel products increases in the Philippines, the practice that you were expected to continue to strengthen the industry, add.

In 2024, the Ninow Aquino International Airport (NAAA) has been recorded 11% of the largest passenger volume, exceeding 50 million, driven by aircraft and a strong demand for home.

Data From the Manila International Airport Authority Authority (Miaa) Showed That Handed 50.26 Million 10.3 billion in 2023 and 4.9% of the Pre-Pandemic Level of 47.90 million in 2019.

Since January to December 2024, the Relief Traffic has increased by 8.1% to 26.89 million from 24,89 million in 23.37 million from 20,42 million.

Mr Bondoc said the development of ongoing infrastructure, especially in the NAIA and other regional airports, are expected to attract many travelers in the Philippines and support growth of the hotel sector in 2025.

The industrial sector is also relieved of ongoing extension in 2025, conducting continuously investment, especially in Luzon, said. –Ashley Erika O. Jose