31.   As in the commercial property market, residential real estate prices in the three major metropolitan areas declined more than in the country as a while.

32.   A general rise in the property market is not on the cards.

33.   A large component of the economy is made up of the property market.

34.   A slump in the Korean property market and a string of bankruptcies in the industry may be reflected in declining profits and widening losses, analysts said.

35.   A rush among Korean conglomerates to sell assets for improved finances has further depressed the property market in recent months.

36.   A six-month-old revival in the commercial property market is already gathering steam.

37.   A turnaround in the property market could spur construction of new offices and condominiums.

38.   All this, though, means more trouble for the Hong Kong property market.

39.   But it is a reminder of the periodic recurrence of credit excesses, usually linked to property markets.

40.   But not even the infamous winter wind, known here as The Hawk, appears likely to chill the property market here.