The Pattaya Building Bubble when will it explode? Since you can't swim in the Water here, when will the Pattaya Building Bubble Collapse? by Jack Corbett
Heralded as Pattaya’s
finest beach and the most up and coming residential area on Thailand’s
Eastern Seaboard, Wongamat Beach, could easily be called the Beverly
Hills of Pattaya. Here the most prestigious condominium complexes, and
hotels are springing up like mushrooms.
Northpoint
condominiums with its twin 46 and 54 story towers starting at 100,000
baht per square meter is scheduled for completion one year from now. The
Cove just several hundred meters from Northpoint will be even more
exclusive starting at 138,000 baht per square meter. And if Northpoint’s
proximity to the beach is a huge selling point,
The Cove, built on a
point with its own intimate bay and sensational rock formations, is even
more idyllic. And between the two luxury condo developments is the
Central Wong Amat Beach Resort with its two huge buildings looking like
giant wings over 20 stories high should be completed within several
months at the latest. The Centara Resort is being
constructed by the same company that recently completed Pattaya's
Central Festival Shopping Center, which at 8 stories high and one block
long is Asia's largest beach front shopping complex. Central
Festival Shopping Center is a stunner so we can expect some pretty
impressive things out of the Hotel as well, and so far it's looking very
sharp, especially when you factor in that staying here right on the
ocean starts at only 2200 baht. Just North of The Centara Resort, The Cove and Northpoint is
T.W.
Wong-Amat which boasts that it will soon have Thailand's largest
waterfall. But it's not here yet and it will be manmade. But
it just goes to show how big some of these developers are thinking.
The Sanctuary, with its
huge private grounds less
than two kilometers from Northpoint, will be opened one year from now, is
next door to the Sanctuary of Truth where the price is 5,000,000 baht
for a 64 square meter condo. And there is much more being built. The
question is, will there be a huge real estate crash in the near future?
The world economy is in the most severe recession since the Great
Depression. And even if it wasn’t are such high prices justified
considering that anyone with an ounce of common sense wouldn’t swim in
the Gulf of Thailand at Wongamat Beach? When they are completed,
North Point, the Cove and other high end developments will
keep their beach fronts pristinely clean, but what about the unsanitary salt water that is beyond their immediate control?
Now, take another walk, only this time go to Buddha (Prataminak) Hill. Actually there are three hills there altogether and taken together they will remind you of Singapore with its many colored flowers and cleanliness. Singapore is to those who know little about it, the place where the government fines you something like $300.00 for throwing a single gum wrapper or cigarette butte onto the street or sidewalk. The second thing you will notice, not always, but often, is the cleanup crew patrolling the area. Now why isn’t a similar cleanup crew employed down at Wongamat Beach? And when you get just fifty meters from where the property of the Cove
ends, there's a small group of lady boys that you will encounter, not on
just this walk but nearly every walk you will ever take. In
the shadows in the brush just a few meters from the water's edge, there
is a crude little makeshift roof that is visible only to the observant.
Here you must pick your way through a cluster of boulders through which
there is a narrow opening. You cannot avoid walking through
this narrow path through the boulders without climbing over the rocks.
It is here the lady boys pick their targets. If lucky all you
will hear is a "Hello, how are you"? The voice will sometimes come
from the bushes, but just as often you will encounter at least one lady
body intercepting you as you walk through the opening which is less than
two meters wide. I've had lady boys ask me if I have any money as I
went through there when no one else was in sight. There is one
particular lady boy who invariably wears a bikini. Once, when I
tried to avoid the unwanted intrusion, the lady boy asked: "You
want me smoke you? I smoke good." On several occasions I've
seen Western men go into or out of the bushes near the little hovel.
I mean I really don't care but a lot of tourists will never make that
walk again. It would be interesting to guess at how many millions
of baht the lady boys and the litter are costing Wongamat Beach each
year.All you want to do is to
take a nice walk alone with your thoughts. But there is no
avoiding having to deal with this most aggressive small pack of lady
boys. And they call this Pattaya's finest beach? Hopefully things will turn out for the best. That is the world economy
will improve and that Pattaya and Wongamat Beach along with the rest of
Thailand will continue to grow and to become more prosperous. We can
only hope that the promise of the jewel that Wongamat Beach can become
is realized. But the jewel must first be seen for what it is, and then
carefully maintained and cared for. These new developments all of
which should soon be completed are most impressive. They already
have what could be some of the best natural surroundings in Thailand.
Wongamat Beach has that much promise. Hopefully there will be a
comprehensive solution to the sewage and litter problem that will
fulfill the promise of the jewel that Wongamat should be.
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