MAKATI CITY — Makati continues to reinforce its reputation as the country’s premier destination for upscale residential living. According to Colliers Philippines, a lineup of premium and ultra-luxury condominium developments scheduled for completion beginning in 2026 is expected to further elevate the high-end residential landscape across Metro Manila.
Major Luxury Projects Set for Completion
Among the prominent developments expected to be completed in 2026 are Arthaland’s Eluria and Alveo Land’s Parkford Suites, both located within the Makati Central Business District. Looking ahead to 2027, additional luxury projects are slated to enter the market, including The Estate, a joint development of SMDC and Federal Land, also situated in Makati. These projects form part of a broader wave of high-end residential developments that will continue to be delivered throughout 2026.
Core Business Districts Expected to Remain Stable
While Metro Manila’s overall condominium vacancy rate is projected to reach approximately 25 percent by the end of 2026, key business districts such as Makati CBD, Ortigas Center, and Fort Bonifacio are expected to maintain significantly lower vacancy levels. Colliers projects vacancy rates in these prime locations to range between six and 20 percent during the first quarter of 2026. Meanwhile, other areas across the capital continue to face supply challenges. A large concentration of unsold ready-for-occupancy (RFO) condominium units remains in Quezon City, Manila, the Pasay-Parañaque area, and Pasig, contributing to oversupply in those markets.
Limited Supply Supports Property Values
Despite broader market pressures caused by excess supply, Makati CBD and Rockwell continue to have relatively limited available inventory. Although condominium prices exceeding PHP300,000 per square meter have tempered transaction activity, the upcoming completion of several premium and ultra-luxury projects within Makati CBD is expected to help sustain capital values. This new inventory is likely to provide support for property prices, helping maintain market stability even as other districts navigate elevated vacancy levels and oversupply concerns.
Continued Confidence in the Luxury Segment
Demand in established residential hubs such as Rockwell and Ortigas Center remains strong, driven by both local professionals and expatriate tenants. Over the next 24 months, the luxury condominium segment is expected to remain a key area of focus for developers, who continue to position these projects as long-term investment opportunities. For investors and homebuyers, the coming years are expected to bring a wider range of premium options, elevated design standards, and continued confidence in Makati, a district that has consistently demonstrated its ability to adapt, grow, and maintain its appeal.
