19/07/2026
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Davao City’s condominium stock is projected to reach 41,870 units by end-2029, up from 27,760 units at end-2025.
According to Colliers, Davao's average condominium take-up rate hit 87% by the end of 2025, with recent launches spanning the lower-mid-income to upscale segments. Among these, Aeon Luxe Properties, Inc.’s Aeon Bleu (Tower 6) recorded an 84% take-up rate, while Torre Lorenzo Development Corp.’s Crest Suites at Tierra Davao posted a 93% take-up rate.
This projection places Davao City behind Metro Cebu, whose condominium inventory is expected to reach 108,900 units by end-2029.
Major infrastructure projects, such as the Davao City Bypass Road, the Davao-Samal Bridge, and the Davao Sasa Port expansion, are slated for completion beyond 2028 and are anticipated to further drive residential market growth by boosting regional connectivity.
Colliers also highlighted the city's office market, which posted one of the lowest vacancy rates in the Philippines at just 3% in the first quarter. Major business process outsourcing (BPO) occupiers currently operating in the city include Concentrix Corp., Teleperformance SE, and Alorica, Inc.
-Colliers via Business World
Sources: Colliers via BusinessWorld (Juliana Chloe A. Gonzales)
