61.   Lingering concerns about a glut in high-rise space also weighed on property developers.

62.   Many of these defaulted loans were extended to property developers and real estate speculators before land prices collapsed earlier this decade.

63.   Michael Green, an analyst at Salomon Brothers, issued a report yesterday recommending investors buy property developers.

64.   Money was liberally re-lent to first-time property developers, stock speculators and the pet projects of the families that controlled the lenders.

65.   Now, more property developers, including Swire Properties Ltd., are announcing or considering further discounted prices on new apartments.

66.   Oil refiner Petron Corp. and property developer Ayala Land Inc. fell, while mall developer SM Prime Holdings Inc. and soft drink manufacturer Cosmos Bottling Corp. rose.

67.   Other property developers also declined.

68.   Other property developers also fell amid concern higher interest rates could slow the sale of houses and condominiums.

69.   Other property developers fell on expectations earnings growth from high-end real estate will slow.

70.   Philippine property developer Centennial City Inc. said it complied with disclosure regulations and warned that the suspension of its shares could cause panic.