CTC [IFM Investments] F-1: FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT

[FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 IFM Investments Limited Cayman Islands 6531 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 26/A, East Wing, Hanwei Plaza No.7, Guanghua Road, Chaoyang District Beijing 100004, The People’s Republic of China (86 10) 6561-7788 CT Corporation System 111] [23 September 2010 Matter No.:874871 Doc Ref: 339988 Tel. No.: 852 2842 9530 E-mail: Richard.Hall@conyersdill.com IFM Investments Limited 26/A, East Wing, Hanwei Plaza No.7 Guanghua Road, Chaoyang District Beijing 100004, People’s Republic of China Dear Sirs, IFM Investments Limited (the "Company") Re: For the purposes of giving this opinion, we have examined a copy of the Registration Statement. We have] [普华永道中天会计师事务所有限公司 北京分所 26/F Office Tower A Beijing Fortune Plaza 7 Dongsanhuan Zhong Road Chaoyang District Beijing 100020, PRC Telephone +86 (10) 6533 8888 Facsimile +86 (10) 6533 8800 pwccn.com CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form F-1 of our report dated June 30, 2010 relating to] [Consent of Jun He Law offices, PRC Counsel September 23, 2010 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” and “Legal Matters”]

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CTC [IFM Investments] 6-K: (Original Filing)

[This Form 6-K consists of: on the second quarter 2010 unaudited financial results An announcement Century 21 China Real Estate Reports Second Quarter 2010 Unaudited Financial Results BEIJING, China, August 18, 2010 - IFM Investments Limited (NYSE: CTC) (“Century 21 China Real Estate” or the “Company”), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY]

CTC [IFM Investments] 6-K: This Form 6-K consists of: on the second

[This Form 6-K consists of: on the second quarter 2010 unaudited financial results An announcement Century 21 China Real Estate Reports Second Quarter 2010 Unaudited Financial Results BEIJING, China, August 18, 2010 - IFM Investments Limited (NYSE: CTC) (“Century 21 China Real Estate” or the “Company”), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY]

CTC [IFM Investments] 6-K: (Original Filing)

[This Form 6-K consists of: Century 21 China Real Estate Announces New Agreement to Acquire 15 Brokerage Stores in Shenzhen ® BEIJING, China, August 6, 2010 - IFM Investments Limited (“Century 21 China Real Estate”, the “Company” or “CTC”) (NYSE: CTC), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21 ® Including the acquisition]

CTC [IFM Investments] 6-K: This Form 6-K consists of: Century 21 China

[This Form 6-K consists of: Century 21 China Real Estate Announces New Agreement to Acquire 15 Brokerage Stores in Shenzhen ® BEIJING, China, August 6, 2010 - IFM Investments Limited (“Century 21 China Real Estate”, the “Company” or “CTC”) (NYSE: CTC), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21 ® Including the acquisition]

CTC [IFM Investments] 20-F: (Original Filing)

[____________________ 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]

CTC [IFM Investments] 20-F: ____________________ FORM 20-F ____________________ (Mark One) £ OR

[____________________ 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]

CTC [IFM Investments] 6-K: (Original Filing)

[IFM Investments Limited Reports First Quarter 2010 Unaudited Results Quarterly Net Revenue Increased by 8.1% Year-Over-Year ® BEIJING, China, May 21, 2010 - IFM Investments Limited (NYSE: CTC) (“Century 21 China Real Estate” or the “Company”), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21 First Quarter 2010 Highlights 1 ¨ Consolidated net revenue] [FORM 6-K IFM INVESTMENTS LIMITED 26/A, East Wing, Hanwei Plaza No.7 Guanghua Road, Chaoyang District Beijing, 10004 People’s Republic of China Form 20-F ü Form 40-F IFM Investments Limited Kevin Cheng Wei]

CTC [IFM Investments] 6-K: IFM Investments Limited Reports First Quarter 2010 Unaudited

[IFM Investments Limited Reports First Quarter 2010 Unaudited Results Quarterly Net Revenue Increased by 8.1% Year-Over-Year ® BEIJING, China, May 21, 2010 - IFM Investments Limited (NYSE: CTC) (“Century 21 China Real Estate” or the “Company”), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21 First Quarter 2010 Highlights 1 ¨ Consolidated net revenue] [FORM 6-K IFM INVESTMENTS LIMITED 26/A, East Wing, Hanwei Plaza No.7 Guanghua Road, Chaoyang District Beijing, 10004 People’s Republic of China Form 20-F ü Form 40-F IFM Investments Limited Kevin Cheng Wei]

CTC [IFM Investments] 6-K: (Original Filing)

[IFM Investments Limited Reports Fourth Quarter and Fiscal Year 2009 Unaudited Results Quarterly Net Revenue Increased by 222.5% Year-over-Year Fiscal Year Net Revenue Increased by 138.4% Year-over-Year ® BEIJING, China, March 15, 2010 - IFM Investments Limited (NYSE: CTC) (“Century 21 China Real Estate” or the “Company”), a leading comprehensive real estate services provider and the exclusive franchisor for the] [FORM 6-K IFM INVESTMENTS LIMITED 26/A, East Wing, Hanwei Plaza No.7 Guanghua Road, Chaoyang District Beijing, 10004 People’s Republic of China þ o Form 20-F IFM Investments Limited Kevin Cheng Wei]

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