Just consider that within a single quarter mile stretch along Soi Wongamat we have seen the completion of North Point's 54 and 46 level luxury condominium towers, the 18 story Cove and the 550 unit five star Centara Hotel and you will begin to understand just how fast Pattaya's Wongamat Beach is evolving into one of Thailand's most exclusive residential areas.  It used to be that one could look North from Pattaya, see a few white sky scrapers gleaming in the sun, and set out to explore Pattaya's most up and coming developing community and find very little traffic.  The tallest building was Sky Beach condo with its 42 levels and the next two were its sister condos Park Beach and Silver Beach at 30 and 25 stories each.  Then Raimon Land started its North Point twin tower project.  Not long afterwards the world economy plummeted, and the entire North Point  Project seemed to go slow motion.  Then construction started to get underway for the Cove, the Centara Hotel, the Sanctuary Condominium project to the North,  a couple more thirty story buildings and an entire host of smaller projects.  Where there used to be just two Family Marts there are now four along with a 7-11 and a small Lotus supermarket, the traffic has become much more hectic, and now that  North Point, Centara and the Cove are finished, Raimon Land has rolled out plans for its new Zire Condominium project right up next to North Point's existing twin towers with still two new towers 37 and 54 stories high.   So what gives--I thought we were in the middle of a world wide recession?  A closer look at three of the biggest, best financed, and most luxurious projects might give us a clue, these being the Centara Hotel, North Point, and the Cove.