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.
