Property - developers: 1) Shanghai: Vanke lowered price again and peers followed to cut price by as much as 29%. 2) Beijing: Developers are launching a price war to destock ASAP.

• 房地产-土地：1）全国：据中原地产消息，沪、广、深、津四地1月份的土地成交价格同比下跌了50%25。上海和杭州的地价环比下跌了20%25，创近几年来最大跌幅。市场预计地价下跌将转换为2010年的低房价。