Experts back real estate rebound

US investment bank JP Morgan and property agency Jones Lang LaSalle (JLL) both said they retained a positive outlook on the Chinese property market despite recent government efforts to rein in price growth and restrain foreign investors. Jing Ulrich, chairman of China equities at JP Morgan, said Monday that she was encouraged by the imminent listing of several property-related companies, the Hong Kong Standard reported. She also stressed that, although property stocks have fallen more than 29% from their 52-week high, "even if it still is not the end of the measures, the worst is behind us now". Michael Hart, JLL's national director, agreed that the government wants to cool, not kill, the market. He said foreign investors could find good value in second-tier cities like Tianjin, Qingdao, Chengdu and Xi'an.