[____________________ FORM 20-F ____________________ (Mark One) £ OR R For the fiscal year ended December 31, 2009. OR £ For the transition period from to OR £ Date of event requiring this shell company report ____________________ IFM Investments Limited ____________________ N/A Cayman Islands (Jurisdiction of incorporation or organization) 26/A, East Wing Hanwei Plaza No.7, Guanghua Road, Chaoyang District Beijing 100004,] [LIST OF SUBSIDIARIES A list of IFM Investments Limited’s principal subsidiaries is provided in Note 1 to the consolidated financial statements included in this annual report following Item 19.] [CERTIFICATIONS I, Donald Zhang, certify that: 1. I have reviewed this annual report on Form 20-F of IFM Investments Limited; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were] [I, Kevin Cheng Wei, certify that: 1. I have reviewed this annual report on Form 20-F of IFM Investments Limited; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were] [(1) The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Exchange Act; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Donald Zhang Chairman of the Board of Directors and Chief Executive Officer June 30, 2010 Kevin Cheng] [Consent of Jun He Law offices, PRC Counsel IFM Investments Limited 26/A, East Wing, Hanwei Plaza No.7 Guanghua Road, Chaoyang District Beijing People’s Republic of China Dear Sir or Madam: We hereby consent to the references to us by IFM Investments Limited (“the Company”) under the heading “Risks Related to Doing Business in China” in the Annual Report on Form]