(Yicai Global) Oct. 17 -- The municipal government of Chengdu in southwest China's Sichuan province has outed a plan for the ratio of finished area of the city's newly-built commercial and affordable housing to be 100 percent by the end of 2022, namely, only finished new homes may thenceforth sell in the city.

Chengdu issued the above policy on Oct. 17, which requires that from 2017 to the end of 2020, the proportion of finished homes among newly-built residences in downtown areas must gradually reach 100 percent, while that in suburbs must progressively reach 80 percent, with all residential housing to shift to finished homes by the end of 2022, scol.com.cn reported today.

Finished homes refer to those where, prior to completion, floors are in place, walls painted, wires, pipes, switches, sockets and all facilities in kitchens and toilets installed, and whose conditions otherwise meet basic standards for occupancy.

Requiring finished houses will promote uniform decoration standards, greatly reduce construction waste, dust and noise pollution, and advance energy conservation, emission reductions and green development of the construction and real estate sectors. The measure is also conducive to reducing speculative or investment home purchases and boosting the sound development of the real estate market.

Chengdu's government will also encourage construction firms to adopt new modes of decoration, reduce construction pollution and improve environmental and residential decoration quality, per the policy.