Nyaungbinlay Market
| Location | Lanmadaw Township, Yangon, Myanmar |
|---|---|
| Coordinates | 16°46′23″N 96°08′50″E / 16.77302818622013°N 96.14708346304197°E |
| Opening date | c. 1945 |
| Developer | Yuzana Company |
| Management | Yangon City Development Committee |
| Number of tenants | 1,073 |
Nyaungbinlay Market (Burmese: ညောင်ပင်လေးဈေး), also called Nyaungbinlay Plaza (ညောင်ပင်လေးပလာဇာ), is a prominent public market located in Lanmadaw Township, Yangon, Myanmar. The name "Nyaungbinlay" means "small banyan tree."[1] It serves as a central hub for local commerce, offering a diverse array of goods ranging from fresh produce to household items. Nyaungbinlay Market plays a crucial role in Yangon's economy, as a barometer for broader economic and price trends in the country.
History
The origins of Nyaungbinlay Market trace back to the post-World War II era. In 1945–46, a temporary market known as the Lanmadaw Temporary Market emerged to meet the needs of locals.[2] By 1968, this evolved into the Nyaungbinlay Strand Market, characterized by makeshift stalls.[2] In 1972, the temporary structures were dismantled, and the market was reorganized into three buildings with standardized shop spaces.[2]
On 9 September 1994, the market was temporarily relocated to a vacant lot owned by the Ministry of Health at the corner of Bogyoke Road and Zawgyi Road in Lanmadaw Township, accommodating 1,016 shops across 26 buildings.[2] Subsequently, on 25 December 1996, the market moved again to a vacant lot in front of the Ministry of Energy on Min Ye Kyawswa Road, comprising 776 shops in 30 buildings.[2] Finally, on 23 March 1997, the new and permanent Nyaungbinlay Market was officially opened at its current location.[2]
Facilities
The market spans an area of 1.784 acres and houses 1,073 shop units.[2] Constructed by Yuzana Construction Company, the market is owned by Yuzana Company and is a mixed-use development featuring a combination of commercial spaces and residential apartments (Blocks A, B, and C).[2]