Fairway Properties, a pioneer in vertical luxury residential developments in Sri Lanka, has signed a Memorandum of Understanding (MOU) with Pan Asia Banking Corporation PLC to establish a framework for future collaboration on home financing solutions for buyers at Fairway Latitude, the company’s seventh luxury apartment project, further strengthening its commitment to delivering premium urban living experiences in Sri Lanka.
The MOU enables prospective homeowners to access Pan Asia Bank’s housing loan facilities through tripartite agreements involving Fairway Latitude, the buyer, and the bank, ensuring a secure, transparent, and streamlined purchasing process.
Through this partnership, customers investing in Fairway Latitude will benefit from Pan Asia Bank’s flexible home loan solutions, competitive interest rates, and personalized banking services, while securing a residence in one of Fairway’s latest luxury developments – designed to meet the expectations of discerning urban homeowners.
Commenting on the agreement, Virath de Alwis, Chairman of Fairway Holdings, said: “Fairway Latitude represents the next chapter in our luxury apartment portfolio, and this partnership with Pan Asia Bank allows us to further enhance the value we offer our customers. By providing convenient access to financing, we aim to make luxury apartment ownership more accessible while maintaining the highest standards of quality and design.”
Naleen Edirisinghe, Director/ CEO of Pan Asia Bank stated:
“We are pleased to collaborate with Fairway Properties on Fairway Latitude project. This MOU reflects Pan Asia Bank’s continued focus on supporting premium residential developments with tailored financial solutions that cater to the evolving needs of modern home buyers.”
Construction of Fairway Latitude has already commenced, with six floors completed to date, underscoring Fairway Holdings’ strong execution capabilities and commitment to timely project delivery.
Fairway Holdings is a leading real estate developer in Sri Lanka, recognized for its high-quality finishes, contemporary design, and attention to detail. With a portfolio of more than six successful luxury residential developments and over 1,000 apartments handed over, Fairway continues to shape Colombo’s luxury apartment landscape through projects that combine architectural excellence with superior living standards.
Pan Asia Bank PLC, a licensed commercial bank in Sri Lanka, offers a comprehensive range of financial solutions including housing loans, corporate banking, SME financing, and digital banking services. The bank remains committed to delivering customer-centric financial solutions that support sustainable growth across key sectors of the economy.
The MOU underscores the shared commitment of Fairway Properties and Pan Asia Bank to foster long-term partnerships that enhance customer confidence and contribute to the continued growth of Sri Lanka’s real estate sector.
Photo caption:
Representatives of Fairway Holdings and Pan Asia Bank exchange the MOU for Fairway Latitude in the presence of senior officials from both organisations.
