The strong performance is attributed to the transfer of ownership of the Nue Cross Khu Khot Station project, which has already achieved 100% in pre-sales. The project has surpassed expectations with over 80% of ownership transfers completed, totaling 1,673 million baht and 959 units. The company is also progressing with the delivery of the InterContinental Residences Hua Hin project and aims to complete two projects by the end of 2024.

Furthermore, the company’s strong financial position has enabled it to repay its loans ahead of schedule, reflecting its robust capabilities and readiness to invest in new projects. PROUD remains confident in continued growth, particularly in the luxury residential market, despite the overall slowdown in the real estate sector. The company has a solid backlog of 10,663 million baht, which will contribute to revenue recognition through 2029.

Mr. Pasu Liptapanlop, Executive Director of Proud Real Estate Public Company Limited (PROUD), stated, "We are confident that the luxury residential market still has significant growth potential due to the demand from high-end real demand customers. Despite the general slowdown in the real estate market, we continue to achieve strong sales across all our projects. Our strategic focus on high-potential locations and premium project development, combined with a detailed analysis of customer behavior, allows us to meet the real demand effectively. This has resulted in a robust backlog and positions us well for continued success."