Banyan Tree Manila Bay, a landmark project redefining luxury and branded real estate in the Philippines, has achieved an unprecedented milestone in the country’s property market. All penthouse units, most exceeding 1,000 square meters and priced at over 1 billion pesos, sold out in less than six months following the project’s initial launch. Notably, the project also includes the sale of the largest penthouse currently on the market, further establishing its prominence within the luxury real estate market.
“The overwhelming response to Banyan Tree Manila Bay’s initial release is a testament to the strength of the luxury real estate market in the Philippines,” said Martin Taylor, Chief Operating Officer of Banyan Tree Manila Bay. “The exceptional demand for our penthouses and prime units highlights the discerning tastes of buyers who value exclusivity, craftsmanship, and long-term capital appreciation.”
In addition to the penthouse sales, Banyan Tree Manila Bay has sold 30 percent of its units from the initial release, all within six months of launch. This includes several of the 39 exceptional prime units, each part of a meticulously curated collection of exclusive residences.
The role of Nest Seekers International has been pivotal in this achievement. Andy Regalado, Chief Marketing Officer and Regional Director for Asia at Nest Seekers International, who leads the sales and marketing efforts for Banyan Tree Manila Bay, highlighted the pivotal role of strategic marketing in the project’s success.
“Nest Seekers International brought a global perspective to Banyan Tree Manila Bay, leveraging our extensive network and innovative strategies to connect with high-net-worth buyers. These clients demand not just properties with investment potential but unparalleled lifestyle experiences and Banyan Tree Manila Bay delivers on all fronts. We are proud to have contributed to a development that sets a new benchmark for ultra-luxury real estate not just in the Philippines but the world at large,” Regalado said.
While other market segments struggle with oversupply, Banyan Tree Manila Bay’s success is a testament to the continued growth of the ultra-luxury real estate market all around the world. This highlight’s Manila’s rise as a new destination for high-value investments. This showcases the Philippines’ growing prominence in the market along with countries like Dubai who experienced rapid growth, driven by wealthy expatriates.
Development of Banyan Tree Manila Bay is progressing as planned, with 28% of phase 1 construction already completed. The remaining works will focus on structural completion and interior fit-out, with residential turnover scheduled for Q4 of 2027 and the hotel’s grand opening set for 2028.
