SouFun plans overseas float next year

Real estate website SouFun Holdings is planning to list its shares in the US capital markets in the first half of next year, sources close to the matter told China Daily yesterday.

"With the property market reviving and sector competition intensifying, a public listing is vital for SouFun. The company will strive to finish the listing process in the first six months of 2010," the source said.

SouFun shareholders have already cleared the public float plan. The company had charted IPO plans in 2008, but deferred these due to dismal market conditions.