The condominium market in Davao City is expected to continue growing, with a projected stock of 41,870 units by the end of 2029, up from 27,760 units at the end of 2025.
According to property consultancy data, the city's condominium inventory is expected to place it behind Metro Cebu, which is projected to reach 108,900 units by the end of 2029.
The city has seen a strong take-up rate, with an average of 87% of condominium units sold as of the end of 2025. Recent project launches have focused on the lower mid-income to upscale segments, with notable successes including Aeon Bleu (Tower 6) and Crest Suites at Tierra Davao.
Major government infrastructure projects, such as the Davao City Bypass Road and the Davao-Samal Bridge, are expected to continue supporting the residential market by improving regional connectivity.
The horizontal housing market has also seen strong demand, with Davao del Sur recording a 96% take-up rate for house-and-lot developments as of the end of 2025. Prices in the area have appreciated by an average of 6% annually from 2016 to 2025.
Residential lot prices in Davao and Northern Mindanao have seen average annual appreciation of 13% to 15% over the same period, driven by favorable macroeconomic conditions.
The Davao Region's economy expanded by 5.1% in 2025 and accounted for a 4.9% share of the country's gross domestic product. Nationwide cash remittances from overseas Filipino workers also rose 2.8% year on year in the first quarter, with a projected 3% growth for the full year.
The consultancy notes that remittances continue to support household spending despite slower national economic growth, while the city's office market has posted one of the country's lowest office vacancy rates at 3% in the first quarter.
