Kaisa Homebuyers in Limbo as Developer Rescue Leaves Doubts
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Zhang Yinghua and her husband sold their home in central China in July so that their son, who was becoming a father, could buy a place in the southern metropolis of Shenzhen, across the border from Hong Kong.
Months later, the 65-year-old new grandmother found herself and her 1-month-old grandson joining more than 1,000 property owners chanting “I want my home” in a peaceful sit-in on Jan. 24 monitored by riot police. They wanted the local government to ensure that their new homes, still being built by Kaisa Group Holdings Ltd., which had gotten ensnared in an anti-graft probe, will be delivered.