Standard Chartered mortgage loans bring Cinnamon Life closer to home

Thursday, 8 September 2016 00:00 - - {{hitsCtrl.values.hits}}

Standard Chartered is proud to partner ‘Cinnamon Life – Game Changer and Flagship of Colombo’ – a development by John Keells Group, soon to grace the skyline of the island nation, to provide mortgage loans to investors in ‘The Residence at Cinnamon Life’ and ‘The Suites at Cinnamon Life’ apartments.

Standard Chartered will offer up to 75% of the property value as a loan amount to those investing in this exclusive development at a fixed interest rate of 12.75% per annum for five years, and a flexible repayment period of up to 30 years.

Standard Chartered Head of Retail Banking Sanjay Wijemanne, commenting on the development, said: “Cinnamon Life is an integrated resort developed by Sri Lanka’s premier listed conglomerate, the John Keells Group. Our mortgage proposition consists of attractive terms and will also entitle the investor to Standard Chartered Priority status including a lifetime free VISA Infinite Credit Card, a complementary priority pass membership for privileged access to over 700 VIP lounges in more than 120 countries, worldwide, a dedicated Relationship Manager who will personally manage the account, and many more exclusive privileges.”

The iconic design by Cecil Balmond will comprise a built up area of 4.5 million square feet consisting of an 800 room luxury hotel under the brand Cinnamon, retail and entertainment facilities, apartments, office spaces, and many other attractions, and is envisioned to be the epicentre of modern South Asia. This integrated resort development will be executed as a ‘life capital’, an architectural heartbeat, where different aspects of life, living, work and play blend seamlessly.

John Keells Property Group Chief Marketing Officer/Executive Vice President Roshanie Jayasundera Moraes, commenting on the partnership, said: “We are very pleased to be partnering with Standard Chartered, and this partnership will enable the customers of Standard Chartered to be a part of an Iconic mixed use development, which will be a ‘City within a city’, and we believe this kind of integration will give apartment owners a greater value addition.”

Standard Chartered welcomes queries from those wishing to avail themselves of this exclusive mortgage loan product for investors in ‘The Residence at Cinnamon Life’ and ‘The Suites at Cinnamon Life’ apartments. More information may be obtained by calling the hotlines 0112480777 or 0112480480, or by logging onto www.sc.com/lk.