Finance:Samanea Yangon Market

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Short description: Market in Yangon, Myanmar
Samanea Yangon Market
Samanea Yangon Market.jpg
Main entrance of Samanea Yangon Market
General information
TypeMarketplace
LocationDagon Seikkan Township, Yangon
CountryMyanmar
OpenedNovember 2020; 3 years ago (2020-11)
CostUS$80,000,000+[1]
Website
https://yangon.samanea.com/

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

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Myint, Yee Ywal (2020-08-20). "Samanea Market to open in November". The Myanmar Times. https://www.mmtimes.com/news/samanea-market-open-november.html. Retrieved 2021-04-14. 
  2. ↑ 2.0 2.1 2.2 "Samanea Yangon Market to Launch in November". Myanmar Business Today. 2020-07-28. https://mmbiztoday.com/samanea-yangon-market-to-launch-in-november/. Retrieved 2021-04-14. 
  3. ↑ "Myanmar Market Intelligence | August 19, 2020 | Colliers" (in en-MM). https://www.colliers.com/en-mm/research/myanmar-mi-august-19-2020. 
  4. ↑ 4.0 4.1 "Samanea Yangon Market ရှိဆိုင်ခန်းများ ယခုနှစ်နိုဝင်ဘာလအတွင်း ဖွင့်လှစ်မည်". https://www.imyanmarhouse.com/news/read/946313. 
  5. ↑ 网易 (2020-06-01). "聚焦新市场：商人、商品"走出去"，邻国缅甸蕴藏广阔商机". https://home.163.com/20/0601/16/FE24B8RK001081F0.html. 
  6. ↑ 6.0 6.1 6.2 "缅甸星迈黎亚·仰光商贸城开始试营业". https://zj.zjol.com.cn/news.html?id=1503270&from=singlemessage. 
  7. ↑ "欢度圣诞、喜迎新年，星迈黎亚仰光商贸城掀起岁末狂欢！". http://www.mmgpmedia.com/static/content/FLGG/DS/2021-12-18/921813043133165568.html. 
  8. ↑ "全缅最大车展开幕 星迈黎亚仰光商贸城联合S7集团等知名车企掀起泼水节大促嘉年华". http://www.mmgpmedia.com/static/content/FLGG/PP/2022-03-26/957327784965967872.html. 
  9. ↑ 9.0 9.1 9.2 9.3 Samanea Group (2020-12-04). "Samanea's Yangon Market: Helping Businesses Flourish in Difficult Times" (in en-US). https://southeastasiaglobe.com/samaneas-yangon-market-helping-businesses-flourish-in-difficult-times/. 
  10. ↑ 10.0 10.1 "中国市场学会批发市场发展委员会". http://www.cctmdc.com/site/content/1493.html. 
  11. ↑ 11.0 11.1 "繁星迈步仰光！缅甸商贸新地标——星迈黎亚·仰光商城正式试业_腾讯家居". http://www.jia360.com/new/142724.html3. 
  12. ↑ "缅甸星迈黎亚·仰光商贸城开始试营业 第一福利导航站，鄢陵生活网，mp3音乐裁剪器". http://www.ddzzd.com/guojidongtai/2332671.html. 
  13. ↑ 13.0 13.1 Hpone, Yeyint (2020-08-28). "New Wholesale Facility in November - Samanea Yangon Market" (in en-US). Myanmore Magazine. https://www.myanmore.com/2020/08/new-wholesale-facility-in-november-samanea-yangon-market/. 
  14. ↑ "异国闪耀，从"星"启航！好品一屋缅甸仰光店正式试业_新浪家居". http://jiaju.sina.com.cn/zixun/20200808/6698488333418693596.shtml. 
  15. ↑ 15.0 15.1 缅甸金凤凰中文报. "全城仰望 | 商贸新坐标——星迈黎亚·仰光商贸城11月盛大开业". http://mp.weixin.qq.com/s?__biz=MzA5ODkzMzAyNg==&mid=2650892451&idx=5&sn=50637c9653898f2145e54b23ede3d2a2&chksm=8b7fc8eebc0841f8b1d29e413770b52205bee2580d85d71958cc1b247a0e421ec85d4260c4f1#rd. 
  16. ↑ "缅甸星迈黎亚·仰光商贸城开始试营业". https://zj.zjol.com.cn/news.html?id=1503270. 
  17. ↑ 网易 (2020-08-12). "繁星迈步仰光！缅甸商贸新地标——星迈黎亚·仰光商城正式试业". https://home.163.com/20/0812/16/FJRI2L5V001081F0.html. 




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