Qingdao will monitor the city's land transfer prices, new commercial housing and second-hand housing prices and leasing costs from Jan. 1 to study the dynamic changes in its real estate market, according to a monitoring guideline recently issued by the city's price bureau.
The new guideline dictates that the city real estate officials and agencies are responsible for collecting the price data and submitting quarterly reports on land transfer fees as well as monthly reports on housing prices and leasing costs.
After a two-month trial period, the policy will be formally implemented starting on March 1.
