Construction firm GRC ends 5.3% higher on Monday after over 40% surge in past week

[SINGAPORE] Shares of construction firm GRC surged on Monday (Jan 5) after rising over the past week.

The counter rose as much as 11.5 per cent to S$0.126, before paring some of those gains to close at S$0.119, up 5.3 per cent from its closing price on Jan 2 after 56.7 million shares changed hands.

GRC has been on a tear over the past week, having climbed as much as 41.6 per cent from its closing price of S$0.089 on Dec 29, 2025.

The listed construction arm of property developer SingHaiyi Group was formerly named OKH Global. The company is a key contractor for Housing & Development Board projects.

It was renamed GRC in May 2025, after it acquired Chip Eng Seng Construction, the construction arm of the Tang Organization, formerly known as Acrophyte.

GRC is largely controlled by the Tang Organization, the real estate giant owned by property tycoon couple Gordon and Celine Tang, who also own SingHaiyi Group.

The Tang Organization holds a 65.43 per cent stake in GRC, a bourse filing in November 2025 indicated. It is the sponsor of Acrophyte Hospitality Trust .

RHB Singapore vice-president of equity research Vijay Natarajan noted that GRC’s recent share price spike could be due to the group’s pivot to the property development business.

“Construction stocks have registered strong performance last year on the back of strong demand from public and private sector projects in Singapore,” Natarajan said.

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“Similarly, the outlook for property development/investment remains positive on the back of falling interest rates and strong economic growth in both its key markets.”