Kobi Elbaz and the Tulip Group held a party at the Centara Grand Phratamnak hotel on Thursday, March 20 to celebrate the ongoing construction of the company’s Waterfront Suites & Residences project at Bali Hai in Pattaya. Over 120 guests were treated to dinner at the Oceana restaurant followed by drinks on the rooftop overlooking the bay.

Waterfront is a project that was initially conceived a number of years ago and went through many early problems before finally getting off the ground after being purchased by the Tulip Group and Park Plaza Hotels. The location however is a developer’s dream, situated near the iconic Pattaya sign and with sweeping views of the bay and outlying islands.

Tulip CEO Kobi Elbaz explained that it’s an amazing plot of land and the project is now selling for record breaking prices, with a unit recently purchased for an incredible 246,000 baht per square meter, while many others in the building are selling for 200,000 baht a square meter.