GRP

What GRP does

GRP Limited is a Singapore-incorporated, SGX Main Board-listed company (ticker: sgx:BLU) founded in 1977, operating with 51-100 employees across two reported core segments: property development and trading/distribution of precision measuring instruments, with a secondary hose and marine products line. The property segment develops residential projects through wholly-owned and majority-owned subsidiaries in Singapore (GRP Pte. Ltd., land at 8 Jalan Nipah), Malaysia (VDH Tower (Ipoh) Sdn. Bhd., Rumah Kami Sdn Bhd, Ratus Nautika), and China (Royal Waterhouse in Chongqing Fuling District, Tangshan), with the holding-company vehicle Starland Holdings Limited (83.17% owned) and the energy subsidiary GRP Energiser Sdn Bhd (incorporated 2020). Named residential brands include Singapore Garden, University Town, Tangshan, Royal Waterhouse, and Jalan Nipah. The instruments and hose/marine segments are described as distribution and supply businesses; pricing is not publicly disclosed. Revenue is project-driven on the property side and transactional on the trading side.

The company's stated aim is to grow via own-account developments and M&A. Recent M&A exploration includes a proposed acquisition of Bintan Investment Management Pte Ltd (non-binding HOA, January 2026, multiple iterations) and a lapsed battery energy storage system partnership in China (July 2025–January 2026). The group has disposed of Luminor Financial Holdings via in-specie distribution (2021) and holds a minority stake in Tong Ren Tang Royal Food Pte. Ltd. (January 2023).

Governance and operating conditions have deteriorated materially. FY2024 triggered a notice of three consecutive years of losses and a qualified audit opinion; Malaysian subsidiaries are subject to a Commercial Crime Investigation Division investigation, arbitration, and statutory demands, with a lawsuit pending against a former CEO. Leadership churn has been heavy, including the chairman/CEO re-designation in October 2024, CFO appointment (February 2025) and resignation (June 2025), and cessation of GM Property (January 2026). Equity-based retention tools (GRP ESOS 2025 and GRP PSP 2025) were adopted on 1 October 2025. Q3 FY25-26 revenue was reported at ₹134.71 crore with a ₹0.85 crore net profit and a 26.03% sequential decline in operating profit; shares fell 11.10% on 18 May 2026.

Name

GRP

Legal name

GRP Limited

Website

https://grp.com.sg

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Short description

GRP Limited (SGX:BLU) is a Singapore-listed, small-cap diversified group operating property development in Singapore, Malaysia, and China alongside trading and distribution of precision measuring instruments and hose/marine products, serving end-buyers of residential units and regional instrument customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Property Development: Property development activities including residential developments in Singapore, Malaysia, and China. The company develops properties for its own portfolio and through joint ventures.
2. Precision Measuring Instruments: Trading and distribution of precision measuring instruments as a core business segment alongside property development.

Distribution channels1 record

Marketing channels3 records

Core offering

GRP Limited is a Singapore-headquartered diversified company that develops residential property projects in Singapore, Malaysia, and China, and trades and distributes precision measuring instruments along with hose and marine-related products. The company aims to create value through own developments and mergers and acquisitions opportunities.

Product overview

GRP Limited is a Singapore-based diversified company with two core business segments: property development and trading/distribution of precision measuring instruments. The company operates across Singapore, Malaysia, and China, developing residential projects including Singapore Garden, University Town, Tangshan, Royal Waterhouse, and Jalan Nipah. The Property segment develops residential properties in these markets, while the Measuring Instruments segment focuses on trading precision instruments. The company also has a Hose & Marine business segment.

Differentiator

Problem solved

Functional benefit

Brands

• Singapore Garden: Residential development project in Singapore (新加坡花苑)
• University Town
• Tangshan
• Royal Waterhouse
• Jalan Nipah

Products and services

• Singapore Garden (新加坡花苑) Residential development project located in Singapore, targeted at home buyers and investors seeking residential property in Singapore.
• University Town (学府新城) Residential development project targeted at home buyers and investors.
• Tangshan (唐山) Development project in Tangshan, China, intended for residential property development.
• Royal Waterhouse (江畔豪庭) Residential development project located in Chongqing, China, targeted at home buyers and investors seeking residential property in China.
• Jalan Nipah Residential development land parcel at 8 Jalan Nipah, Singapore, intended for future residential property development.
• Precision Measuring Instruments Trading and distribution of precision measuring instruments to industrial and commercial buyers.
• Hose & Marine Products Supply, servicing, and distribution of hoses, fittings, and marine-related products to industrial and marine customers.
• Seri Iskandar Affordable Housing (Ipoh) Affordable housing project under VDH Tower (Ipoh) Sdn. Bhd. and Rumah Kami Sdn Bhd in Ipoh, Malaysia, targeted at residential property buyers in Malaysia.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Bintan Investment Management Pte LtdminorStrategic or Co-development Partner · 26 January 2026Non-binding heads of agreement for proposed acquisition of minority stake. Multiple iterations of HOA discussed throughout 2025-2026.
• Battery Energy Storage System Partners (China)minorStrategic or Co-development Partner · 23 July 2025Non-binding heads of agreement in relation to potential battery energy storage system business opportunity in China (lapsed January 2026).

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GRP