CB Richard Ellis, the leading international property consultant in Thailand, remains confident about the long-term prospects for the Pattaya property market and has decided to establish a full service office in Patttaya which opened on Saturday 17 November 2007. Pattaya is Thailand's most accessible resort destination and is also a regional centre for the Eastern Seaboard. The opening of Suvarnabhumi Airport has made Pattaya more accessible.

"Pattaya has well developed infrastructure, good hospitals, and a range of retail outlets and entertainment. This lifestyle package makes Pattaya attractive," according to Ms. Aliwassa Pathnadabutr, Managing Director of CB Richard Ellis Thailand.

"We believe that Thailand has a significant competitive advantage in the leisure sector which includes retirement and second homes, which is why we have opened offices in Thailand's major resorts. CB Richard Ellis has focussed the expansion of their business on servicing the hotel and resort, and luxury residential property markets and the Pattaya office will be the fourth CB Richard Ellis office in Thailand."

"The establishment of our office in Pattaya is another important step forward for CB Richard Ellis demonstrating our ongoing efforts to enhance our business operations in Thailand and the rollout of our comprehensive resort services. With the addition of this office in Pattaya, we believe that we will meet the business objectives and real estate needs of our clients throughout the country," added Ms. Aliwassa.

Ms. Linda Ord has been appointed to be the General Manager, responsible for all transactions in Pattaya. She has successfully led the CB Richard Ellis Pattaya Residential Sales team since 2005 and has worked on high-end projects in Thailand for 2 years. Prior to joining CB Richard Ellis Thailand, Ms. Ord worked for CB Richard Ellis Vietnam where she was mainly involved in residential and retail transactions.

According to Ms. Ord, the Pattaya office will provide a full real estate services covering the luxury condominium and villa, commercial, investment, and hotel sectors, including sales, leasing, research, consulting, valuation, and property management. The new office will cover main nine areas in Patttaya; including Naklua, Pattaya City, Pratumnak, Jomtien, Na Jomtien, Bang Sarey, East Pattaya, Mabprachan, and Huay Yai, and the Eastern Seaboard.