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China's home prices will fall at a faster pace this year with worsening slumps in property investment and sales, a Reuters poll showed, a sombre reminder to policymakers as they redouble efforts to revive the crisis-hit property sector. The poll showed new home prices would fall 5.0% in 2024, versus a 0.9% decline tipped in a previous survey in February. The poll was conducted between May 10 and May 17, and is likely to have only partially taken into consideration Friday's government announcement of support measures to stabilise the property market.

Liangping gaoFitch bohuaShri navaratnamXingping wangSenior analystRyan woo