John Keells Properties reports steady construction progress on TRI-ZEN island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
Monday July 19, 2021 5:51 am
Monday July 19, 2021 5:51 am
ECONOMYNEXT – Sri Lanka’s John Keells Properties, a unit of publicly traded John Keells Holdings said a three tower 891-unit apartment project in Colombo’s Union Place was on track for completion in 2023 amid a Coronavirus crisis.
The TRI-ZEN branded development is a joint venture between Indra Traders (Pvt) Ltd and John Keells Properties.
China State Construction Engineering Corporation Ltd is the contractor.
“The past year has been extremely challenging for everyone in Sri Lanka given the huge range of complexities of operating in the midst of the pandemic,” Nayana Mawilmada, Sector Head of John Keells Properties said in a statement.
As part of its commitment to bringing ease and flexibility to potential homeowners in Sri Lanka, John Keells Properties has inked a partnership with DFCC Bank, to supplement the property developer’s ground-breaking Freedom Mortgages home finance scheme.
Being the first-of-its-kind in the country, this mortgage plan is offered to potential homeowners looking at investing in John Keells Properties’ upcoming TRI-ZEN residential development, with DFCC Bank now playing a significant role in alleviating customers’ home loan burdens.
The Freedom Mortgage plan promises customers the financial relief of a two-year interest free period on their mortgage, with the customer only having to pay 20% up front. The bank will fund up to 80% of the purchase price and the loan will be offered at exceptional interest rates, a news release on the scheme said.