Brind.
  1. Excess supply in the market is forcing strategic shifts for businesses operating in Metro Manila, including Ayala Land.

S&P Global Ratings: High Condo Inventory and Declining Pre-Sales in Metro Manila

1 report, 1 independent Updated Thu 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

S&P Global Ratings reported that condominium inventories in Metro Manila remain elevated, totaling approximately 80,000 units, including nearly 30,000 ready-for-occupancy units. The agency also noted that residential pre-sales among four major Philippine developers declined by 7% year-on-year in the first half of 2026, driven by inflation and high borrowing costs.

From bworldonline.com

Why it matters

Some supportBrind's analysis of the reports

The property sector is expected to face continued pressure this year and next, with S&P Global Ratings suggesting a meaningful recovery in the Philippine residential property market may not occur until the latter part of 2027. Developers are responding to market weakness by reducing new project launches and prioritizing the sale of existing inventory.

Excess supply in the market is forcing strategic shifts for businesses operating in Metro Manila, including Ayala Land.

From bworldonline.com

Who's involved

  • S&P Global RatingsCredit rating agency that reported on the market conditions and pre-sales trends.
  • Ayala LandMajor developer whose pre-sales and inventory levels were reported by S&P Global Ratings.
  • Ayala CorporationThe wholly owned parent company of Ayala Land.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Ayala LandSpeculative

    Ayala Land might see its core revenue impacted by declining pre-sales and elevated inventory.

  • Megaworld Lifestyle MallsSpeculative

    Megaworld Lifestyle Malls might see its core revenue impacted by declining pre-sales and inventory.

Keep exploring

Part of

Excess supply in the market is forcing strategic shifts for businesses operating in Metro Manila, including Ayala Land. All 2 developments

The entities involved

Related events

Coverage

Newest first; wire copies grouped