GRC Limited announced that its subsidiary, GRC Buxton Pty Ltd, has won a building-works contract valued at about 53.8 million Singapore dollars from Homes Victoria.

The project involves designing and constructing one seven-storey and one six-storey social-housing block comprising 104 apartments, plus communal facilities, external parking and landscaping in Heidelberg West, Victoria. Construction is slated to start in the last quarter of 2025 and will take 17 months to complete.

GRC Limited said the contract is expected to enhance its net tangible assets and earnings per share for the financial year ending Jun, 30 2026. The company added that none of its directors or substantial shareholders has any interest in the contract beyond their existing shareholdings.