Thailand sold 16.6 billion baht (US$461 million) worth of beach-front condominiums last year, of which 49 percent were sold in Pattaya, according to Nigel Cornick, chief executive officer for property developer Raimon Land. Cornick said Pattaya remains Thailand's top seller in the luxury condominium market because of its proximity to Bangkok and the Eastern Seaboard, Thailand's main industrial corridor, plus its attractiveness as an investment. There are some 315 housing and condominium projects, with 40,466 rooms, currently underway in the Pattaya vicinity. However, Cornick acknowledged that it was still too early to judge the impact of recent changes in Thai property law that are likely to take some of the wind out of Pattaya's booming real estate market.dpa German Press Agency