Market in Yangon, Myanmar
Samanea Yangon Market is a wholesale and retail market located between corner of Bago River Road and Yadana in Dagon Seikkan Township, Yangon, Myanmar. It is currently managed and owned by Samanea Group.[1]
History
The wholesale market was developed by Singapore-based Samanea Group and Myanmar-based EI Company Limited,[2][3] with the permission of Myanmar Investment Commission (MIC) and Yangon City Development Committee (YCDC).[1][4] Samanea invested more than US$80,000,000 into the project.[1] Samanea Yangon Market is referred to as Phase I of the development,[1][5] and construction began in 2019. Construction of the market completed in June 2020.[6]
The market started trial operations in August 2020[7] and officially opened later in November.[1][2] All 732 shops in the Samanea Yangon Market are fully leased by December 2020.[8]
Phase II (staff apartments, boutique apartments, tenant warehouses, etc.) is set to begin construction on a nearby plot of land in 2021.[1][9]
Overview
Samanea Yangon Market: covering a total area of 329,000 m2, with a planned gross floor area of 880,000 m2, the development is planned to be carried out in four phases.[1][2]
Phase I: The market opened in 2021 officially, with a total gross floor area of 48,600 m2 and 732 shops.[6]
Phase II project: the main body of the market will have a planned gross floor area of 79,900 m2.[1][9]
Phase III Project: The main body of the market will have a total planned gross floor area of 105,000 m2. [10][9]
Phase IV Project: The total planned gross floor area of the main body of the market is 100,000 m2.[4][9]
Commercial facilities: In order to meet the requirements of customers, SAMANEA Yangon market is planning to build a number of supporting businesses: office buildings, commercial hotels, logistics warehouses, exhibition centres and other comprehensive facilities.[6][11]
Accessibility
Samanea Yangon is located at the intersection of Bago River Road and Yadanar Road in the new development area in Dagon Seikkan Township.[1][10][12][13] It is 15 km from downtown Yangon, 16 km from Yangon Port International Terminal, and 18 km from Yangon International Airport.[13][14][15]
Opening Hours
Samanea Yangon Market is usually open from 9:00 to 18:00.[15]
Goods
At present, the first phase of the Market is occupied by a wide range of industries. The first phase of the project is occupied by a wide range of industries with rich categories, covering twenty-one major categories such as industrial electrical, hardware and tools, digital home appliances, clothing, shoes and hats, and daily-use department stores.[16][17][11]
References
