Nokishita reports that the 18-50mm F2.8 DC DN Contemporary lens will be priced at 73,150 yen including tax. That’s around $650 at current conversion rate. But real USD price might be lower.
It’s still unclear when the lens will be announced but the specs known so far are:
13 elements in 10 groups
minimum shooting distance 12.1cm (wide angle) / 30cm (telephoto)
maximum shooting magnification 1: 2.8 (wide angle) / 1: 5 (telephoto)
filter diameter 55mm
size φ65.4 × 74.5mm (E-mount version φ61.6×76.5mm)