Aside from being well-maintained, these high end properties are preferred by business executives looking for hotel-like amenities and services. (https://www.shangproperties.
com) Amid rising vacancies in the Metro Manila secondary condominium market and tepid take-up in the pre-selling market, Colliers sees the take-up for luxury and ultra luxury units remaining stable. Demand for these segments is primarily driven by a consumer base awash with cash, as well as investors banking on these units’ capital appreciation potential. Astute investors also utilize these properties as hedges against inflation.
The return of more expatriates should also partly lift demand for luxury units. Colliers has observed that the expat leasing market has picked up since 2022 as more foreign employees return to the Philippines and to the traditional office setup. We have seen Fort Bonifacio, Makati CBD, Ortigas Center, and Rockwell Center as the most preferred locations of expats due to the condominium units’ large cuts and the projects’ proximity to offices, schools, hospitals, and retail establishments.
In terms of age, some of the residential buildings have been in the market for more than 20 years but still enjoy high occupancies and command premium rents. Aside from being well-maintained, these high end properties are preferred by business executives looking for hotel-like amenities and services. These prime units are a cut above the rest and are the primary choices of top MNC officials .