For areas I am familiar with, I saw a few sellings for 15% and up to(not quite yet) 20% off the peak price. The occurence of "current bargains" is noticably more frequent than 2 months ago. Rental is currently slightly falling or strugglling to hold. It is just the starting, still lots of( I guess majority of it) apartment high rises to be completed within this year ! Compared with the early stages of last bust in 2003/4/5/6, it looks like the down speed is much quicker than last time. No official figures as evidence yet.( Who cares about official figures, always too late anyway). Bloodbath at end of this year and early next year ? Hope not. ! Feelling a bit uneasy now !