{"id":74538,"date":"2021-10-01T17:41:52","date_gmt":"2021-10-01T17:41:52","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=74538"},"modified":"2021-10-01T17:41:52","modified_gmt":"2021-10-01T17:41:52","slug":"tri-zen-reports-surging-demand-as-project-crosses-45-completion","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/tri-zen-reports-surging-demand-as-project-crosses-45-completion\/","title":{"rendered":"TRI-ZEN reports surging demand as project crosses 45% completion"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"font-size: 24px; color: #000000;\"><strong>TRI-ZEN reports surging demand as project crosses 45% completion\u00a0<\/strong><\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-74539 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/10\/TRI-ZEN.jpg\" alt=\"TRI-ZEN\" width=\"320\" height=\"400\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">A combination of attractive interest rates and the launch of real estate-focused financial products is leading a trend towards investing in apartments, according to <a style=\"color: #000000;\" href=\"https:\/\/www.keells.com\/\">John Keells Holdings<\/a> Vice President, Head of Sales and Marketing (Property Group), Nadeem Shums.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Sri Lanka\u2019s financial sector has reached a phase of low interest rates &#8211; for fixed income products and housing loans. Together with strong underlying demand for condominium properties, the developer reported a surge in demand from investors on the look-out for stable, high yielding investments.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cDespite the challenges arising from the pandemic, the real-estate sector has continued to perform well. We have also made steady progress on construction with the towers ascending to the 39th floor. You can now start to see <a style=\"color: #000000;\" href=\"https:\/\/www.trizen.lk\/\">TRI-ZEN<\/a> taking shape and transforming Colombo\u2019s skyline,\u201d Shums stated.\u00a0<\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">He added that with increased urbanisation more Sri Lankans are seeking a new standard in convenience offered by properties like TRI-ZEN because of the central location, superior amenities, and attractive rupee pricing. \u201cThis is where our competitive pricing, relative to other metropolitan developments, proves to be particularly attractive. Especially with increased construction costs and land costs, the value of such condominium properties will continue to appreciate.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">In order to offer aspiring homeowners greater financial flexibility, <a style=\"color: #000000;\" href=\"https:\/\/www.johnkeellsproperties.com\/\">JKP<\/a> announced a slew of partnerships with some of Sri Lanka\u2019s leading banks for its ground-breaking \u2018Freedom Mortgage Package\u2019. By providing customers a two-year interest free period on their mortgage, it requires customers to only pay 20% now and nothing more for the next two years. Customers can enjoy a payment free period of two years, after which the interest payments begin, and the capital repayments are made three years thereafter.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Interest rates are attractive, from just 7% per annum, and homeowners have the choice of a suite of mortgage packages with minimal down payment required. With three leading banking partners offering expansive branch networks and excellent customer service embedded within the pioneering mortgage plan, homeowners have the choice of partnering with a financial institution of their choice.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cThe response to Freedom Mortgage has been very positive, and it has allowed many investors who, would typically not be in a position to put together large amounts of capital, to finally have a clear path to invest in a project like TRI-ZEN. This is game changing for those looking either to hold the property as a long-term investment or to simply have a pad in the city for your family,\u201d Shums said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">TRI-ZEN is a joint venture between Indra Traders (Pvt) Ltd and John Keells Holdings PLC, with China State Construction Engineering Corporation Ltd (CSCEC) serving as the main contractor. The three tower 891-unit apartment project on Colombo\u2019s Union Place will have one, two and three bedroomed apartments, with two-bedroomed apartments starting from just Rs. 36 million.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The complex will have over 35 amenities for a thriving community including green spaces, a jogging track, a swimming pool, fitness and wellness studios, and a games room, providing residents with an integrated living space capable of meeting all their needs, while its central location provides easy access to the heart of Colombo.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TRI-ZEN reports surging demand as project crosses 45% completion\u00a0 A combination of attractive interest rates and the launch of real estate-focused financial products is leading a trend towards investing in apartments, according to John Keells Holdings Vice President, Head of Sales and Marketing (Property Group), Nadeem Shums. Sri Lanka\u2019s financial sector has reached a phase [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":74539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[31336],"class_list":{"0":"post-74538","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-john-keells-holdings","9":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRI-ZEN reports surging demand as project crosses 45% completion<\/title>\n<meta name=\"description\" content=\"A combination of attractive interest rates and the launch of real estate-focused financial products is leading a trend towards\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, 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