in 2008，Beijing land transaction area remained the same as 2007 and the transaction price first rose and then fell. The volume of real estate development，construction，opening and completion decreased. The transaction volume of forward delivery commercial housing shrank to the situation of demand over supply. The markup of forward delivery commercial housing went down fast with some projects dropping dramatically. It is predicted that in 2009 Beijing real estate market will present the following features. Supply of land for policy-related housing will keep on increasing and that for commercial housing will reduce a little. Price of land will drop. Development of real estate will continue to decline. New supply to the market will be cut down and transaction volume will increase. Average price of commercial housing over the year will fall but some projects will appreciate. Second-hand houses market will develop dramatically.