“There is pent-up demand that has been building for 50 years, ” says Michael Klibaner of JLL in Shanghai.

上海仲量联行的柯志谦说，“这被抑制的住房需求已经酝酿了50年。”

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"Transactions have bottomed out but I don't think that means prices will go back up, " said Michael Klibaner, head of research for China at Jones Lang LaSalle.

WSJ: China Housing Market Shows Signs of Warming