Developers bullish on high-end, luxury condos through 2026

SOME property developers expect continued launches in the high-end and luxury condominium segments amid sustained demand compared with other residential segments.

“We expect the high-end and luxury condominium segment to continue growing steadily between now and 2026. The market remains stable, but buyers have become much more discerning,” Oliver L. Chan, senior vice-president and chief sustainability officer at Arthaland Corp., said in an e-mail to BusinessWorld.

“We do anticipate more launches in this category. In fact, we’ve already heard that several developers are planning to introduce new luxury projects within the year,” he added.