<\/p>\n
PRE-SELLING DEMAND in Metro Manila rose 765% in the primary quarter from a yr earlier, while backouts exceeded take-up within the P3.6-million to P7-million segment, in accordance with Colliers Philippines.<\/p>\n
\u201cBackouts outnumber take-up within the lower mid-income segment,\u201d Colliers Philippines Research said in its first-quarter property market report.<\/p>\n
It said the imbalance is most pronounced within the P3.6-million to P7-million segment, where backouts reached 2,024 units, exceeding take-up of 1,720 units.<\/p>\n
Against this, other segments posted stronger demand. The reasonably priced segment recorded 1,629 take-up against 728 backouts, while the economic segment saw 864 take-up versus 96 cancellations, in accordance with Colliers. Within the upper mid-income segment (P7 million to P12 million), take-up still exceeded backouts at 1,473 units against 1,228, although cancellations remained elevated.<\/p>\n
Higher-end segments, including upscale and luxury, also posted more take-up than backouts, though volumes were relatively smaller.<\/p>\n
Colliers said Metro Manila\u2019s residential market stays under pressure despite the rebound in demand, with emptiness reaching 24.7% in the primary quarter and projected to rise to 25.6% by end-2026.<\/p>\n
The rise in cancellations reflects pressure on buyers amid elevated borrowing costs and rising prices, in accordance with Colliers. Average mortgage rates stood at 7.8% in the primary quarter, while inflation averaged 2.8% in the course of the period, it noted, citing data from the Philippine Statistics Authority.<\/p>\n
Colliers data also showed that economic and reasonably priced segments accounted for a bigger share of take-up.<\/p>\n
Nevertheless, unsold inventory stays elevated. Ready-for-occupancy units totaled about 27,900 in Metro Manila as of the primary quarter, with a good portion concentrated within the lower- to mid-income segments.<\/p>\n
Recent supply is anticipated so as to add further pressure, Colliers said. Around 12,900 residential units are projected to be accomplished in 2026, which could weigh on emptiness levels and slow overall absorption.<\/p>\n
Still, Colliers noted some improvement in market absorption, with inventory life declining to six.8 years, the bottom in 18 months, indicating a gradual recovery in demand.<\/p>\n
Colliers said the residential sector may proceed to face headwinds, citing risks from higher oil prices, inflation and borrowing costs that might affect demand and project timelines. \u2014 Juliana Chloe A. Gonzales<\/b><\/p>\n<\/p><\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
PHILIPPINE STAR\/MICHAEL VARCAS PRE-SELLING DEMAND in Metro Manila rose 765% in the primary quarter from a yr earlier, while backouts exceeded take-up within the P3.6-million to P7-million segment, in accordance with Colliers Philippines. \u201cBackouts outnumber take-up within the lower mid-income segment,\u201d Colliers Philippines Research said in its first-quarter property market report. It said the imbalance […]<\/p>\n","protected":false},"author":1,"featured_media":328378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[51286,24145,48152,22832,51288,16923,51287],"class_list":["post-328377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-backouts","tag-colliers","tag-exceed","tag-housing","tag-midincome","tag-segment","tag-takeup"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/328377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=328377"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/328377\/revisions"}],"predecessor-version":[{"id":328380,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/328377\/revisions\/328380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/328378"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=328377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=328377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=328377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}