Proud expands pipeline with B3bn land push

SET-listed developer Proud Real Estate plans to invest 2.5-3 billion baht in new land acquisitions, buoyed by revenue expected from a luxury condominium project worth 4.15 billion baht, which achieved a 90% sales rate and was completed last month.

Romm Convent, a 32-storey condominium project on a 1.5-rai site on Soi Convent in the Silom area, with 175 units worth 4.15 billion baht.

Pumipat Sinacharoen, chief executive, said the company is targeting land acquisitions in Bangkok's central business district, Hua Hin and Phuket, where it already has ongoing projects and strong market expertise.