SIGNS OF LIFE IN 2022 Demand for MM condos picks up

Metro Manila condo demand picked up in 2022 with interest peaking during the third quarter of last year. This was the highest quarter on record since 2019. While still not at pre-pandemic levels, the return to work kickstarted the sector’s recovery and saw more people in the market for condominiums near their office.

According to data collected through the Dot Property Group network of websites, the number of inquiries made for Metro Manila condo units rose by 54.7 percent year-on-year during the fourth quarter of 2022.

Taguig, Makati lead the way Taguig and Makati continue to lead the way when it comes to Metro Manila condo demand. The two areas, which are home to several key business districts, accounted for 46.5 percent of all National Capital Region (NCR) condominium inquiries last year. Quezon City, City of Manila and Pasig round out the top five locations for condos in the NCR.

WIDENING ACCESS TO EDUCATION. Gabay Guro through Metro Pacific Investments Foundation, Inc. (MPIF), the corporate social responsibility arm of leading Metro Pacific Investments Corporation (MPIC), recently committed to support 50 deserving high school students under the Department of Education (DepEd) Rizal’s Direct Financial Assistance Program. Gabay Guro is an education advocacy for teachers and students, in support of DepEd.

The Alay sa Batang Rizal scholarship program was founded in honor of Benito Pangilinan, former DepEd Director of Public Schools and grandfather of MPIC Chairman, President, & CEO Manuel V. Pangilinan. It is funded by the Gabay Guro program and the Pangilinan family, and will focus on mentoring for college-entry level readiness of the students. The qualified Grade 12 learners, referred to as the “grantees”, are students from Laiban Integrated School, Sto. Niño Integrated School, Rizal Sports Academy, Talim Point National High School, Janosa National High School, and Daraetan National High School.

The majority of Metro Manila condo demand continues to be for studio and one-bedroom units but a shift over 2022 saw interest in two-bedroom condominiums rise steadily. A need for larger spaces was among the most noticeable trends to emerge during the pandemic and doesn’t appear to be slowing down.

Beware interest rate hikes

Looking ahead to 2023, pent up