New Mingala Market to be completed in April 2023


The construction of the new Mingala Market is scheduled to complete at the end of April 2023 and some completed shops are to be sold at the beginning of this year, according to the Department of Markets under the Yangon City Development Committee.
Joint contractors of the new Mingala Market are Sun Myat Tun Construction Company Co Ltd and Jasmine Palace Construction. The construction of the project started in 2019, and the first part — up to the fifth floor — was completed in October 2022 and the second part — the rest floors — will be completed at the end of April 2023.
The new market is going to be a 17-storey building with over 5,000 shops, 21 lifts, and parking lots that can accommodate more than 700 vehicles, cinemas, restaurants, banks and supermarkets.
After the completion, owners of shops who had run the business in the old market will be relocated to the new market.
Detailed inquiries can be made by those who are willing to purchase vacant shops, at the Department of Markets under YCDC in Yangon City Hall.
The new Mingala Market in Mingala Taungnyunt Township was formerly a high-end market that used to sell wholesale and retail consumer goods. It encountered two fire outbreaks, in May 2010 and in January 2016. — TWA/CT

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