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GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2025
GOODWILL  
Schedule of changes in carrying value of goodwill by segment

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Existing home

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New home

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Home

  ​ ​ ​

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transaction 

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transaction 

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renovation

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services

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services

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and furnishing

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Total

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  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

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​

(in thousands)

Gross carrying value

 

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​

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​

​

​

​

As of December 31, 2023

​

1,563,761

​

1,691,080

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3,223,997

​

6,478,838

Addition

​

37,628

 

—

​

—

 

37,628

Disposal

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(20,463)

 

—

​

—

 

(20,463)

As of December 31, 2024

 

1,580,926

​

1,691,080

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3,223,997

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6,496,003

Disposal(i)

 

(23,541)

 

—

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—

 

(23,541)

As of December 31, 2025

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1,557,385

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1,691,080

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3,223,997

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6,472,462

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​

​

​

​

​

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Accumulated impairment

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As of December 31, 2023

 

(1,008,553)

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(597,286)

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(16,192)

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(1,622,031)

Impairment

 

(68,920)

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(29,276)

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—

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(98,196)

Disposal

 

1,644

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—

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—

​

1,644

As of December 31, 2024

 

(1,075,829)

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(626,562)

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(16,192)

​

(1,718,583)

Impairment (ii)

 

(31,808)

 

(84,524)

​

—

 

(116,332)

Disposal

 

22,813

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—

​

—

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22,813

As of December 31, 2025

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(1,084,824)

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(711,086)

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(16,192)

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(1,812,102)

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​

 

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Net carrying value

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​

​

​

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​

​

​

As of December 31, 2023

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555,208

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1,093,794

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3,207,805

​

4,856,807

As of December 31, 2024

 

505,097

 

1,064,518

​

3,207,805

 

4,777,420

As of December 31, 2025

 

472,561

 

979,994

​

3,207,805

 

4,660,360

(i)

During the year ended December 31, 2025, the Group disposed of several local real estate agency companies, which were primarily engaged in existing home transaction services in multiple cities, and RMB23.5 million of goodwill was derecognized.

(ii)

The Group performed goodwill impairment assessments for all its reporting units as of December 31, 2025, and weighed the relevant qualitative factors and quantitative assessment results in totality. As the actual financial performance of certain reporting units did not meet prior forecasted expectations due to unfavorable local market conditions, RMB116.3 million goodwill impairment loss was recorded, including RMB31.8 million related to reporting units within the existing home transaction services segment and RMB84.5 million related to reporting units within the new home transaction services segment.