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ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET (Details) - CNY (¥) ¥ in Thousands | Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | --- | --- | ---
Accounts receivable, net |  |  |  |
Accounts receivable | ¥ 4,590,098 | ¥ 6,814,416 |  |
Allowance for credit losses | (1,498,651) | (1,517,099) | ¥ (1,566,129) | ¥ (1,951,419)
Accounts receivable, net | 3,091,447 | 5,297,317 |  |
New home transaction services |  |  |  |
Accounts receivable, net |  |  |  |
Accounts receivable | 3,558,480 | 5,863,587 |  |
Allowance for credit losses | (1,200,000) | (1,300,000) |  |
Existing home transaction services |  |  |  |
Accounts receivable, net |  |  |  |
Accounts receivable | 463,634 | 546,658 |  |
Home renovation and furnishing |  |  |  |
Accounts receivable, net |  |  |  |
Accounts receivable | 407,180 | 265,355 |  |
Home rental services |  |  |  |
Accounts receivable, net |  |  |  |
Accounts receivable | 54,531 | 52,135 |  |
Emerging and other services |  |  |  |
Accounts receivable, net |  |  |  |
Accounts receivable | ¥ 106,273 | ¥ 86,681 |  |

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