Writer's Pit

Banking is the only sector in the local stock market which has been doing pretty well and in addition to it’s performances, general public and investors are more interested in investing upon shares of banks and only banks and as soon as a bank’s share starts its transaction in the Nepal Stock Exchange, the price rockets and normally doubling the par value by the least. The number of applicants always exceeds the number of shares allotted by banks. The Initial Public Offering is always oversubscribed when a bank’s share is issued.

Recently two commercial banks floated share that opened for general public and the same thing happened yet again. The Citizens’ Bank International has floated three million units of shares for general investors at a par value of Rs.100.00 but as early as the third day, the application had been received worth of Rs.5.00 billion, approximately more than 15 times. The issue manager of Citizens’ IPO, the Ace Development Bank would be forced to stop receiving applications as the application is hugely oversubscribed.

The Bank Of Asia which has also floated the same number of shares as Citizens’ Bank International is expected to be the same. The number of application will easily outnumber the allotted shares.

The banking sector is the only sector which has been doing very well in the stock market. No single bank’s share is transacted under par. The highly anticipated share of Nepal Telecom is not able to do well as investors have invested somewhere around Rs.550.00 for a single share.

The Sun City

The real estates have been flourishing very well in and around the valley. A few housing and apartments are being built in the last decade and the number of such housing is sprouting like mushroom. There are both good as well as bad prospects of such housing colonies and apartments but in the short run, they have gained market but there’s doubt if it will be able to do well in the long run.

The Shangrila Housing Company will be launching its Sun City in the near future which would be located at Gothatar, just a few kilometers away from the city. Shangrila Housing Company claims The Sun City to be luxurious and affordable apartments. The city will have a shopping mall, academic and health care facilities at the nearest, round the clock security with CCTV, regular water supply through deep boring which is the main concern of Kathmanudities, ATM within the township and a lot of other facilities including, gymnasium, club and coffee shops, play zones for children to name a few.

The price of flats with three bedrooms and two toilets start with 29.38 lakhs with conditions to be applied. Their slogan Nepal’s first Global Township seems to be quite promising but there’s still yet to be seen. The official home page - www.shanrgilahousing.com

Cityscape Apartment Homes

Another housing in the valley, “Cityscape Apartment Homes” situated at Hattiban in Lalitpur district, not more than four of five kilometers from the city. This housing has been brought to you by CG Properties. CG Properties which is a team of experienced professionals from the real estate business have their properties in foreign lands as well. They have recently launched their business of apartment homes in Nepal. This housing has been financially supported by Nepal Bank Limited and Bank Of Asia.

The facilities include the same as other housing and apartment complexes with gymnasium, children’s park, twenty four hour water supply, round the clock security, clubs, halls and etc. A distinctive feature in the Cityscape Apartment is that, the site is exquisitely landscaped gardens which are interspersed with water bodies and theme zones. Homepage is wwwcityscapenepal.com

Vegas City

Another apartment launching soon is Vegas city developed by Kohinoor Hill Housing P. Ltd. which is also a sister concern of Oriental Builders & Development P. Ltd. This housing development has been financially partnered by Rastriya Banijya Bank and Development Credit Bank Lmiited.

This housing and apartments is located at Imadol, Balkumari, Lalitpur just a few yards away from the ringroad which belts the main city of Kathmandu. They state that, the booking has already begun and the feedback has been good. Vegas City too don’t have any extra ordinary facilities other than those facilities offered by such housing companies. URL of the Vegas City - www.kohinoorhillhousing.com

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