Hit by tightened credit channels and administrative curbs on home purchases, growth in property construction starts, investment and sales in China slowed in 2011.
In terms of floor area, property construction starts increased 16% to 1.9 billion square meters in 2011, a growth rate down sharply from 42% in 2010, data released Tuesday by the National Bureau of Statistics showed.
One of the biggest pay-offs from financial normality will come in property and construction.
Companies, especially in the horribly over-borrowed property, construction and retail industries, cannot meet interest payments from shrinking sales revenues.
Property and construction companies are prominent among those heading for the Novo Mercado.
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In troubled industries such as property, construction and retailing, giant bankruptcies are just around the corner, with nasty consequences for the banks.
But the second place after Mr Beckham went to Paul Caddick, the property and construction entrepreneur who runs rugby league club Leeds Rhinos.
"Decisions made under our sole control, particularly in relations to our exposure to the property and construction sectors, negatively impacted our business, " it added.
Real-estate consultancy Soufun forecasts a growth rate of 6%-7% in new property under construction in 2012, a sharp slowdown from 20.5% in the first 11 months of 2011.
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Banks, awash in bad debt, are to be encouraged to start lending again to property and construction projects, and the central bank will be less strict in classifying bad loans.
Hong Kong companies AsiaTech has backed include ActionAce, which sells toys on the Internet, and Property Market Intelligence, an online provider of financial information on Asian property and construction markets.
Since the global banking crisis of 2008, there have been four attempts by the Spanish government - two by the current one, two by its predecessor - to shore up a banking system seriously weakened by reckless property and construction loans.
Well, the central bank, the Bank of Spain, has estimated - in its last Financial Stability Report - that Spanish banks are sitting on what it calls "troubled" property and construction loans of 184bn euros, equivalent to more than 17% of Spanish GDP.
These banks have a high share of mortgage lending and are heavily exposed to commercial property and construction lending - which is what has done for them, because Spain's housing market is weak and becoming weaker, and its commercial property sector is a basket case.
According to a senior banker, we will get some of the answers on Friday, when the Spanish government is expected to decide what level of losses Spanish banks should be obliged to recognise on their reckless property and construction loans, on top of 50bn euros of provisions they have already been forced to make to cover potential losses.
In Kansas the State Supreme Court approved of a locality's taking individuals' private property for the construction of a Target distribution center.
There is enough residential property currently under construction to meet about five years of demand, without new projects being started, up from 2.9 years in 2009.
The blackmailers are alleged to have been property developers seeking favourable construction contracts from influential city officials.
Miller has four divisions - housing, construction, property and mining - all of which recorded profits last year.
Later in the session, ministers were urged to reveal which construction and property companies they had met before drawing up their planning policy.
The firm focused on a number of specialist sectors, including property, renewables, construction, finance and waste with offices in Glasgow, Edinburgh and Manchester.
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Yet banks, faced with margins eroded by deregulated interest rates, responded by lending even more, especially to small and medium-sized companies in the construction and property industries.
Nor are banks keen on forgiving debts, for the obvious reason that this means a transfer of wealth from them to their borrowers in the construction and property industries.
Renong, with interests ranging from construction and property to financial services, is billions of dollars in debt and admits it is unable to service both local and foreign loans with some 50 banks.
After pouring millions of dollars (he won't say how many) into the property, housing a construction crew on the island when bad weather made getting back impossible and making multiple trips to the National Archives to comply with historic building standards, he says he'd do it all again.
The 2 companies are about to start construction on a property project in Shanghai.
Property sales are rising and housing construction began to gain momentum from a low base by the second half of the year.
The main impact of the property downturn will be to depress construction.
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As home construction has revived, property values have climbed, going up 18%-20% since the trough, says Cape Coral Chamber of Commerce President Mike Quaintance.
At the margin, the property cycles might lead to the construction of better buildings, but such modest benefits are outweighed by the accompanying financial and economic instability.
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