The projects will focus primarily on economical housing as well as the rebuilding of run down housing. At the same time low rent and free housing will be offered to those households with little or no income. Related departments will apply tax breaks and give financial support to encourage the second-hand housing market

    Vice secretary and vice mayor Cui Xizhu stated during the conference that Qingdao is determined to improve the real estate market with a long-term management system. Real estate managing departments will deal with the pre-existing problems objectively and fairly, aim to strengthen proper management and supervision by analyzing the existing regulations, and set up a credit evaluation system to encourage good development.