Metro Manila, Philippines – On February 8, 2025, Colliers Philippines Director for Research, Joey Roi Bondoc, delivered an insightful presentation titled “Inside Luxury: An Exclusive Look at the Market” at The Velaris Residences Show Gallery, providing a comprehensive overview of the current state and future prospects of Metro Manila’s luxury condominium market.
Amidst discussions surrounding the ready-for-occupancy (RFO) condominium market, Bondoc emphasized the nuanced dynamics at play, noting that while the market faces challenges, the impact is not uniform across all submarkets. He highlighted the significant resilience of the upscale and luxury segments, driven by continued investment from high-net-worth individuals.
“Despite broader market challenges, the upscale and luxury residential segments in Metro Manila have demonstrated remarkable resilience,” Bondoc stated. “High-net-worth individuals continue to invest in premium properties, drawn by the promise of superior amenities, prime locations, and potential for capital appreciation. This sustained demand underscores the enduring value and stability of the luxury real estate market in the region.”
A key factor contributing to this resilience, according to Bondoc, is the prevalence of successful joint ventures between local developers and foreign firms. “The collaboration between local developers and foreign firms has significantly bolstered Metro Manila’s real estate landscape,” he explained. “These joint ventures have led to the creation of upscale residential projects that not only meet the sophisticated demands of discerning buyers but also introduce innovative design and construction practices. Such partnerships are instrumental in elevating the market’s overall quality and appeal.”
Bondoc also addressed the RFO oversupply issue, clarifying that not all Metro Manila submarkets are equally affected. He pointed to the strong performance of specific business districts, demonstrating the market’s adaptability and ability to thrive despite broader industry shifts.
The presentation at The Velaris Residences Show Gallery provided attendees with valuable insights into the current trends shaping Metro Manila’s luxury real estate market. Bondoc’s analysis highlighted the enduring strength of the upscale and luxury segments, driven by strategic partnerships and sustained investor confidence.
