81.   Property companies as a group accounted for more than one-third of the index drop, as higher rates will reduce demand and drive down apartment prices.

82.   Property companies expect to post more moderate growth in the next two years primarily because of the new curbs the government has imposed.

83.   Property companies fell since higher interest rates make mortgages more expensive.

84.   Property companies had taken a beating the past few days on concern the central bank would raise interest rates to defend the slumping peso.

85.   Property companies rebounded from an earlier fall as concerns about financial difficulties eased.

86.   Property companies suffered some of the biggest losses because tighter credit would raise their borrowing costs and might deter buyers.

87.   Property companies that could see slower sales because of high interest rates fell.

88.   Property companies, buoyed by buy orders from foreign funds, led the market higher this year.

89.   Prospects of slower growth caused Manila Electric Co., the biggest power distributor, and Ayala Land Inc., the biggest property company, to slip.

90.   Property companies and banks led the way and accounted for about three-quarters of the gain in the Hang Seng Index.