An Empirical Analysis on the Effects of Chinese Real Estate Macro-Control Policy: The Case of Qingdao City

Based on real estate data of Qingdao City from 2001 to 2011 and systems engineering theory, this paper comprehensively evaluates real estate market development of Qingdao, established an evaluation model on house prices vs. real estate market development to analyze the effect of real estate macro-control policy in China. The results show that the control effect is unfavorable. Consequently, the authors point out that we should focus on using economic means and land policy to adjust the real estate market and reduce administrative intervention; moreover, we should ensure the real estate macro-control policy stable and consistent, only in this way can the real estate market realize sustained and healthy development.