Exhibit 4.12.1

SCHEDULE OF OPERATING AGREEMENTS AMONG CERTAIN PRC SUBSIDIARY OF SOUFUN

HOLDING LIMITED, A CONSOLIDATED CONTROLLED ENTITY AND SHAREHOLDERS OF

THE CONSOLIDATED CONTROLLED ENTITY



|   |  |                                                    |              |                                                       |  |                                             |    |                                                               |   |                                                             |    |  
|-- |  | -------------------------------------------------- | ------------ | ----------------------------------------------------- |  | ------------------------------------------- | -- | ------------------------------------------------------------- | - | ----------------------------------------------------------- | -- | -
|   |  | Date of
Agreement                                  |              | Subsidiary of SouFunHoldings Limited                  |  | Shareholder ofConsolidatedControlled
Entity |    | ConsolidatedControlled
Entity                                 |   | ShareholdersEquity Interestin ConsolidatedControlledEntity |   
|1. |  | December 12, 2006                                  |              | Beijing SouFun Network Technology Co., Ltd.           |  | Tianquan Mo                                 |    | Shanghai China Index Consultancy Co., Ltd.                    |   |                                                             | 80 | %
|   |  |                                                    |              | Jiangong Dai                                          |  |                                             |    | 20                                                            | %
|2. |  | December 12, 2006                                  |              | Beijing SouFun Network Technology Co., Ltd.           |  | Tianquan Mo                                 |    | Shanghai SouFun Advertising Co., Ltd.                         |   |                                                             | 80 | %
|   |  |                                                    | Jiangong Dai |                                                       |  |                                             | 20 | %                                                            
|3. |  | November 15, 2010(1)                               |              | Beijing Hong An Tu Sheng Network Technology Co., Ltd. |  | Tianquan Mo                                 |    | Beijing Century Jia Tian Xia Technology Development Co., Ltd. |   |                                                             | 80 | %
|   |  |                                                    |              | Jiangong Dai                                          |  |                                             |    | 20                                                            | %
|4. |  | March 25, 2010                                     |              | Beijing SouFun Network Technology Co., Ltd.           |  | Tianquan Mo                                 |    | Tianjin Xin Rui Jia Tian Xia Advertising Co., Ltd.            |   |                                                             | 80 | %
|   |  |                                                    |              | Jiangong Dai                                          |  |                                             |    | 20                                                            | %
|5. |  | July 8, 2011(1)                                    |              | SouFun Media Technology (Beijing) Co., Ltd            |  | Tianquan Mo                                 |    | Beijing Yi Ran Ju Ke Technology Development Co., Ltd.         |   |                                                             | 80 | %
|   |  |                                                    | Jiangong Dai |                                                       |  |                                             | 20 | %                                                            
|6. |  | March 25, 2010
(retroactive to September 10, 2009) |              | Beijing SouFun Network Technology Co., Ltd.           |  | Tianquan Mo                                 |    | Beijing Li Tian Rong Ze Technology Development Co., Ltd.      |   |                                                             | 80 | %
|   |  |                                                    |              | Jiangong Dai                                          |  |                                             |    | 20                                                            | %
|7. |  | March 25, 2010
(retroactive to March 16, 2006)     |              | Beijing SouFun Network Technology Co., Ltd.           |  | Beijing Jia Tian Xia Advertising Co., Ltd.  |    | Beijing China Index Information Co., Ltd.                     |   |                                                             | 20 | %
|   |  |                                                    |              | Beijing SouFun Internet Information Service Co., Ltd  |  |                                             |    | 80                                                            | %
|8. |  | March 25, 2010
(retroactive to March 16, 2006)     |              | Beijing SouFun Network Technology Co., Ltd.           |  | Tianquan Mo                                 |    | Beijing Jia Tian Xia Advertising Co., Ltd.                    |   |                                                             | 80 | %
|   |  |                                                    |              | Jiangong Dai                                          |  |                                             |    | 20                                                            | %



1



---

|    |  |                                                 |  |                                                      |  |                                             |  |                                                             |   |                                                             |    |  
|--- |  | ----------------------------------------------- |  | ---------------------------------------------------- |  | ------------------------------------------- |  | ----------------------------------------------------------- | - | ----------------------------------------------------------- | -- | -
|    |  | Date of
Agreement                               |  | Subsidiary of SouFun
Holdings Limited                |  | Shareholder ofConsolidatedControlled Entity |  | ConsolidatedControlled
Entity                               |   | ShareholdersEquity Interestin ConsolidatedControlledEntity |   
|9.  |  | August 17, 2006
(retroactive to March 16, 2006) |  | Beijing SouFun Network Technology Co., Ltd.          |  | Tianquan Mo                                 |  | Beijing
SouFun Science and Technology Development Co.,
Ltd. |   |                                                             | 80 | %
|    |  |                                                 |  | Jiangong Dai                                         |  |                                             |  | 20                                                          | %
|10. |  | November 22, 2007                               |  | Beijing SouFun Network Technology Co., Ltd.          |  | Tianquan Mo                                 |  | Tianjin Jia Tian
Xia Advertising Co., Ltd.                  |   |                                                             | 80 | %
|    |  |                                                 |  | Jiangong Dai                                         |  |                                             |  | 20                                                          | %
|11. |  | March 25, 2010
(retroactive to March 16, 2006)  |  | Beijing SouFun Network Technology Co., Ltd.          |  | Beijing Jia Tian Xia Advertising Co., Ltd.  |  | Shanghai Jia Biao Tang Real Estate Broking Co., Ltd.        |   |                                                             | 30 | %
|    |  |                                                 |  | Beijing SouFun Internet Information Service Co., Ltd |  |                                             |  | 70                                                          | %
|12. |  | March 25, 2010
(retroactive to March 16, 2006)  |  | Beijing SouFun Network Technology Co., Ltd.          |  | Beijing China Index Information Co., Ltd.   |  | Beijing
SouFun Internet Information Service Co.,
Ltd        |   |                                                             | 20 | %
|    |  |                                                 |  | Beijing Jia Tian Xia Advertising Co., Ltd.           |  |                                             |  | 80                                                          | %



|(1) | See the footnote (1) in the exhibit titled Schedule of Amendment Agreements Relating to Exclusive Technical Consultancy and Services Agreement, Exclusive
Call Option Agreement, Operating Agreement and Other Agreements among certain PRC subsidiaries of SouFun Holdings Limited, a consolidated controlled entity, shareholders of the consolidated controlled entity and SouFun Holdings Limited.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



-2-