China Property Recovery Takes Hold as Shenzhen Leads Gains

Yi Anwen bought a home for 1.95 million yuan ($314,200) in the southern Chinese city that borders Hong Kong from embattled developer Kaisa Group Holdings Ltd., which has defaulted on some of its debts while being investigated as part of a corruption probe.

Although Yi and hundreds of other buyers in Shenzhen have spent the past six months fighting to take ownership of their homes despite being blocked by the investigation, the 33-year-old engineer, who made his purchase in September, doesn’t want his money back now.