{"id":777032712,"date":"2025-10-06T11:27:45","date_gmt":"2025-10-06T14:27:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777032712"},"modified":"2026-04-21T18:28:48","modified_gmt":"2026-04-21T21:28:48","slug":"philippine-condominium-rental-rates-decrease-as-supply-rises-after-pogo-exit-study-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-condominium-rental-rates-decrease-as-supply-rises-after-pogo-exit-study-says","title":{"rendered":"Philippine condo rental rates decrease as supply rises after POGO exits, study says"},"content":{"rendered":"\n

The average rent per square meter has declined by 52 per cent in the Manila Bay area.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Leechiu Property Consultants director for research and consultancy Roy Golez<\/strong> has reported that the oversupply of residential condominium units, due in part to the closure of Philippine offshore gaming operators (POGOs)<\/a>, has brought down rental rates compared to pre-pandemic levels.<\/p>\n\n\n\n

In a presentation in Makati City, Golez said the decrease is most prevalent in the Manila Bay area<\/strong>, which includes Para\u00f1aque and Pasay cities. According to the Q3 2025 Philippine Property Market Report, the average rent per square metre has declined by 52 per cent in the bay area compared to Q1 2020.<\/p>\n\n\n\n

The average in Alabang in Muntinlupa City decreased by 39 per cent. In Ortigas, Pasig City and in Mandaluyong City, it declined 22 per cent, and in Makati City, 18 per cent. Rates in Taguig City increased by 17 per cent and those in Bonifacio Global City by 3 per cent.<\/p>\n\n\n\n

Golez expects rates in Makati to slowly recover as more companies like major banks open offices there. \u201cWe expect Makati to recover much faster as soon as these office buildings are finished. Perhaps in the next two to four years, Makati numbers should be much better,\u201d he said.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Resorts World Sentosa opens new luxury hotel<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The average rent per square meter has declined by 52 per cent in the Manila Bay area.<\/p>\n","protected":false},"author":218,"featured_media":26652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The closure of Philippine Offshore Gaming Operators (POGOs) is cited as a primary factor contributing to a significant decline in residential rental rates, particularly in the Manila Bay area of the Philippines. This oversupply of condominium units has led to a 52% decrease in average rent per square meter in the bay area compared to Q1 2020. Other key urban centers also experienced declines, though some areas like Taguig City saw increases.","focusai_entities":"Leechiu Property Consultants, Roy Golez, Philippine offshore gaming operators (POGOs)","focusai_location":"Philippines, Manila Bay area, Makati City, Para\u00f1aque, Pasay cities, Alabang, Muntinlupa City, Ortigas, Pasig City, Mandaluyong City, Taguig City, Bonifacio Global City","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO GGR Impact?","query":"What is the estimated aggregate Gross Gaming Revenue (GGR) impact of the POGO closures on the Philippine economy, extending beyond the property market, and how does this affect national fiscal projections?"},{"label":"Future Licensing Frameworks?","query":"Given the economic fallout, how might the Philippine government's regulatory stance on offshore gaming evolve, and what are the potential implications for future B2B\/B2C licensing frameworks and governance structures?"}],"footnotes":""},"categories":[157,16333],"tags":[128,24836,24933],"class_list":["post-777032712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-philippines","tag-real-estate","tag-residential-condominiums"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/218"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777032712"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032712\/revisions"}],"predecessor-version":[{"id":777032720,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032712\/revisions\/777032720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26652"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777032712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777032712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777032712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}