Why Cebu's Condo Market Remains Stable in 2024

Despite rising political uncertainty nationally, Cebu’s condominium market continues to demonstrate stability with no oversupply risks, according to Colliers Philippines. In an April 3, 2025 interview, Joey Roi Bondoc, Colliers’ Director of Research, highlighted that Cebu’s 2.1-year inventory absorption rate starkly outperforms Metro Manila’s eight-year backlog, signaling robust market health.

"These fundamentals confirm Cebu's market remains balanced and healthy," emphasized Joey Roi Bondoc, Colliers' Director of Research, in an April 2025 briefing. "Unlike Manila's saturation concerns, we see sustainable demand from actual residents and OFW investors."

While political turbulence persists following the ICC's March 18 warrant for former President Duterte, Colliers' Joey Roi Bondoc reports developers remain focused on practical challenges - particularly infrastructure delays from unresolved right-of-way (ROW) issues.

"Once ROW issues resolve, government projects accelerate and investments follow," Bondoc emphasized during the April 2025 briefing, highlighting Cebu's long-term growth potential despite short-term challenges.