Proud Real Estate is the real estate development arm of Prayoonwit Group, one of the largest and oldest civil construction companies in Thailand, has budgeted up to Bt10 billion for a Bangkok residential project called Park 24 on Sukhumvit Soi 24 that will take at least three years to develop.

According to Colliers International Thailand's study, the Suburban Bangkok's condominium market showed signs of slowing down last quarter in 2013.