Fang Holdings Limited (SFUNY) 20-F 2010 FY Annual report (foreign)

List of Subsidiaries and Consolidated Affiliated Entities.

     As of December 31, 2010, SouFun Holdings Limited has PRC subsidiaries as follows:

• SouFun Media Technology (Beijing) Co., Ltd., or SouFun Media;

• Beijing SouFun Network Technology Co., Ltd., or SouFun Network;

• Beijing SouFun Information Consultancy Co., Ltd., or Beijing Information;

• Beijing Zhong Zhi Shi Zheng Information Technology Co., Ltd., or Beijing Zhong Zhi Shi Zheng;

• Shanghai SouFun Information Co., Ltd., or SouFun Shanghai;

• SouFun Information (Shenzhen) Co., Ltd., or SouFun Shenzhen;

• SouFun Information (Tianjin) Co., Ltd., or SouFun Tianjin; and

• SouFun Information (Guangzhou) Co., Ltd., or SouFun Guangzhou.

     offshore subsidiaries as follows:

• China Index Academy Limited, incorporated in Hong Kong, or China Index Academy;

• Bravo Work Investments Limited, incorporated in Hong Kong, or Bravo Work;

• Max Impact Investments Limited, incorporated in Hong Kong, or Max Impact;

• Selovo Investments Limited, incorporated in the British Virgin Islands, or Selovo Investments;

• Pendiary Investments Limited, incorporated in the British Virgin Islands, or Pendiary Investments;

• China Home Holdings Limited, incorporated in Cayman Islands;

• China Home Holdings (BVI) Limited, incorporated in the British Virgin Islands;

• China Home Holdings (HK) Limited, incorporated in Hong Kong; and

• China Real Estate Agent University, incorporated in Hong Kong.

     and 11 consolidated controlled entities in China as follows:

• Beijing SouFun Internet Information Service Co., Ltd., or Beijing Internet;

• Beijing Jia Tian Xia Advertising Co., Ltd., or Beijing Advertising;

• Beijing SouFun Science and Technology Development Co., Ltd., or Beijing Technology;

• Beijing China Index Information Co., Ltd., or Beijing China Index;

• Shanghai Jia Biao Tang Advertising Co., Ltd., or Shanghai JBT Advertising;

• Shanghai SouFun Advertising Co., Ltd., or Shanghai Advertising;

• Beijing Century Jia Tian Xia Technology Development Co., Ltd., or Beijing JTX Technology;

• Tianjin Jia Tian Xia Advertising Co., Ltd., or Tianjin JTX Advertising;

• Shanghai China Index Consultancy Co., Ltd., or Shanghai China Index;

• Beijing Li Tian Rong Ze Technology Development Co., Ltd., or Beijing Li Tian Rong Ze; and

• Tianjin Xin Rui Jia Tian Xia Advertising Co., Ltd., or Tianjin Xin Rui.