Beijing Development and Reform Commission: Beijing real estate this year is not easy to stop the decline
On January 5, 2009, Director of Beijing Municipal Development and Reform Commission Zhang Gong said in the conference that, in 2009, Beijing real estate is not easy to stop the decline, so there are downside risks. The data shows that, since September, 2008, Beijing housing sales prices has declined for three consecutive months, but the market confidence is still lacking.
In Beijing, over 42 million square meters commercial houses remain to be unmarketable
Beijing commercial houses with over 42 million square meters are still unsalable, so the housing prices are still down in 2009:
Report walked to many real estate markets in Beijing, he found many developers resorted to every means to carry out the discount and promotion, but the sales condition is still not optimistic.
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