Century 21 China Real Estate Partners with South China Morning Post
To Launch SCMP-CTC Leading Price Index for Secondary Homes
BEIJING - April 16, 2014 // PRNewswire-FirstCall // - 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® brand in China, today announced that it is collaborating with The South China Morning Post, Hong Kong's leading English-language newspaper, to launch the SCMP-CTC Index, a leading price index for secondary homes in Beijing and Shanghai.
Based on the hedonic pricing method, the SCMP-CTC Index is designed to provide investors, sellers and buyers with credible and detailed data that reflect seller sentiment around pricing trends. Beginning in April 2014, The South China Morning Post will use the Index on a monthly basis to supplement its analysis of the Chinese real estate market.
"We are delighted to be working with The South China Morning Post on this index, which we believe provides investors, buyers and sellers with a valuable snapshot of market sentiment and activity," said Mr. Donald Zhang, chairman and chief executive officer of Century 21 China Real Estate. "As one of China's leading primary and secondary real estate brokerages over more than a decade, Century 21 China Real Estate offers a unique perspective on China's fast-moving real estate market, and we're pleased to be able to share it with their readers."
About Century 21 China Real Estate
IFM Investments Limited ("Century 21 China Real Estate" or "CTC") is a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China. CTC primarily focuses on China's fast-growing and highly fragmented secondary real estate market, providing company-owned brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services. CTC has experienced substantial growth since it commenced operations in 2000, and received numerous awards and recognition as franchisor and real estate services provider for its service quality and business achievements. Century 21 China Real Estate became a public company in January 2010 and its ADSs, each of which represents 45 ordinary shares of CTC, currently trade on the New York Stock Exchange under the symbol "CTC." For more information about CTC, please visit http://www.century21cn.com/english .
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SOURCE Century 21 China Real Estate (IFM Investments Limited)