Vanke, Zhenro and China Overseas post falling profits as clampdown adds to dimming economic prospects in driving homebuyers to the sidelines

• China Vanke said its core net profit halved to 22.5 billion yuan while sales fell 10 per cent to 628.78 billion yuan
• Zhenro Properties said its core profit slid 30.9 per cent to 2.28 billion yuan while China Overseas Land & Investment posted a 4.3 per cent profit dip to 36.38 billion yuan