pug, thanks. "The price of land in the Chinese capital slumped 76 percent in August from a month earlier, while in Guangzhou it plummeted 53 percent, according to Soufun."
Also, many developers are offering a 10% discount on properties:
http://www.ft.com/intl/cms/s/0/13a0afc6-e4e6-11e0-9aa8-00144feabdc0.html#axzz1YkOVPw8U
