Junction City Shopping Centre located at the corner of Bogyoke Street and Shwedagon Pagoda Street in Pabedan Township is officially open today, according to the markets department under Yangon City Development Committee (YCDC).
Over 50 per cent of the shops are open for business. All the stores will be open by the end of May, it was said at a news conference held at Junction City Tower on Wednesday. This centre includes over 240 shops, including boutiques, restaurants and cinemas. Junction City Tower is 23 storeys high and 33,400 square meter wide.
The project is jointly conducted by Shwe Taung Development Co., Ltd, Keppel Land Company, Pan Pacific Hotels Groups and YCDC, with investments totalling US$300million. Phase 1 of this project includes Junction City Shopping Center, Junction City Office Tower and Pan Pacific Hotel Yangon, the construction of which is slated to complete this year. Phase 2 includes premium service residence offices, a multi-storey car park and a basement car park, which will be completed in 2019.
YCDC granted permits to the previous owners of the shops after redevelopment of new Bogyoke market.