Pattaya's White Sand Beach achieved sales of 14 units. White Sand Beach is currently one of the largest projects in Pattaya, with 303 high-rise waterfront condominium and 240 low-rise island lagoon condominium units covering an area of 24 acres that includes a Movenpick Hotel, along with proximity to the Ocean Marina Yacht Club, which adds to its popularity.
CB Richard Ellis' sales value during the exhibition represented growth of over 80% from the previous year, suggesting that the Thai property market is more resilient than others. One of the reasons for this is the competitive pricing of property in Thailand. Nationally, construction costs account for a larger portion of the property's overall cost; as a result, the difference between price and replacement cost is lower than in many other markets, making investment safer, even as the global property sector faces a period of uncertainty.
The Thai economy continues to grow in 2008 with the return of a democratically-elected government. The country's position as the world's largest rice exporter has shielded it from rising commodity prices, and tourism is flourishing, with international tourist arrivals in 2007 up 5% y-o-y.
