GRP
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.
- Company typePublic
- Founded1977
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
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.
GRP firmographics
Firmographics- 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
Where GRP is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices5 records
Markets served
GRP business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- 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.
- Precision Measuring Instruments: Trading and distribution of precision measuring instruments as a core business segment alongside property development.
Distribution channels1 record
Marketing channels3 records
GRP product offering
Product offeringCore 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.
Companies that use GRP
Customer profileSegments1 record
Ideal customer profiles2 records
GRP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GRP partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Bintan Investment Management Pte LtdminorNon-binding heads of agreement for proposed acquisition of minority stake. Multiple iterations of HOA discussed throughout 2025-2026.
- Battery Energy Storage System Partners (China)minorNon-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
GRP competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
GRP financial estimates
Financial estimateRevenue estimate
Valuation estimate
GRP leadership team
Management profileNumber of profiles
GRP subsidiaries and ownership
Company hierarchySubsidiaries8 records
GRP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GRP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GRP
What does GRP do?
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.
Is GRP a public or private company?
GRP is a public company. It is classified as public and is currently operating.
When was GRP founded?
GRP was founded in 1977. It employs 51 to 100 people.
Where is GRP based?
GRP is headquartered in Singapore, Singapore, in the Asia region.
How does GRP make money?
Two revenue lines are on record. Property Development is the primary driver. The others are precision Measuring Instruments.
Does GRP have an API?
No public API is recorded for GRP.