Affordable units dominate the Quezon City and City of Manila condo markets

This article on the Quezon City and City of Manila condo markets appeared in the Dot Property Group Metro Manila Condo Market Report 1^st Half 2022. Download it here for free!

Affordable units were most in demand on the Quezon City and City of Manila condo market during the first half of this year. Both locations recorded a meaningful increase in interest between the first and second quarter of 2022.

In Quezon City, demand rose by 19 percent during this time while City of Manila saw interest grow by 35.5 percent quarter-on-quarter. Both cities have also seen interest in condo units climb for three consecutive quarters dating back to last year.

Demand in these areas focuses on condo units in the PHP5 million and less price segment. There was some small growth at the PHP5-10 million price points, and this is something to watch moving forward. Neither city sees much activity for condos priced above THB10 million and that won’t change in the foreseeable future.

The majority of demand for condo units in Quezon City and City of Manila was for studio and one-bedroom units. These account for 61.5 percent of all inquiries made to the Dot Property network of websites in the former and 69.1 percent in the latter during the first half of 2022. These totals are in line with price preferences.

There is increasing interest in two-bedroom units in Quezon City with enquiries for these made to the Dot Property Group network of websites having risen over the past few months. However, it does not appear as if buyers are keen on paying all that much more for multi-bedroom condos which is something the industry will need to take note of.

For more insights, download your copy of the Dot Property Group Metro Manila Condo Market Report 1^st Half 2022