Metro Manila condo prices in 2026
Condo prices in Metro Manila are still rising on the official index, but the picture depends on the segment. Luxury towers in Makati and BGC set records while ordinary units compete with a large stock of unsold homes.
Last updated: October 2026
The official price index
The Bangko Sentral ng Pilipinas (BSP) publishes a Residential Property Price Index based on bank housing loans. In the second quarter of 2026 it rose 0.4% year on year nationally, the slowest pace since the series began in 2019. Metro Manila was stronger.
| Segment | Year-on-year change, Q2 2026 |
|---|---|
| Philippines, all homes | +0.4% |
| Metro Manila (NCR), all homes | +5.2% |
| Metro Manila condominiums | +7.4% |
| Metro Manila houses | −3.1% |
| Areas outside Metro Manila | −2.7% |
Price per square metre
Colliers' average capital value for prime and Grade A condos in selected Metro Manila districts was ₱202,240 per sqm in Q2 2026, almost unchanged on the quarter. It expects about ₱201,580 by the end of 2026 and ₱242,300 by 2030.
The top end is different. Knight Frank ranked Manila second in the world for prime home price growth in Q1 2026, at +19.9% year on year, driven by landmark launches. Park Villas in Makati CBD is reported at about ₱1.2 million per sqm, and Alveo's Park East Place in BGC averages about ₱430,000 per sqm.
Why buyers have leverage
Leechiu counted about 80,000 unsold condo units in Metro Manila in Q3 2026, close to the record 82,900 a quarter earlier, or about 28 months of supply. Developers are discounting ready-for-occupancy units by up to 60% for cash and stretching down payments on pre-selling units to as long as 72 months.
- Compare ready-for-occupancy and pre-selling offers on the same building.
- Ask for the developer's cash price, not only the list price.
- Check the title, tax declaration and association dues before paying a reservation fee.
Sources
- Bangko Sentral ng Pilipinas, Residential Property Price Index Q2 2026 (24 Sep 2026)
- Colliers Philippines, Metro Manila Residential Q2 2026 (11 Aug 2026)
- Knight Frank Prime Global Cities Index Q1 2026, via BusinessWorld (28 Jul 2026)
- Alveo Land, Park East Place
- Leechiu Q3 2026 condo demand, via Philstar (8 Oct 2026)