In the middle of January, 2009, Guancheng Mingdundao, one of the latest real estate located in east 2nd ring road of beijing, starts to sale at the price 12500Yuan/sqm。 comparing to the price of its neighborhood, the such price is 8000yuan lower.
Zhujiang Dijing, another real estate block, pronounces their promotional plan. Reducing price and increasing sales is the main goal of it. the price is also 8000yuan lower than its neighborhood.
Even these real estate located around subway station also start to join the low-price-storm.
From the 12th to 18th January, there are only 2007 transactions. That data shows the real estate market of Beijing is still on the way to go down.