The Upcoming Sloane Residences (Former Sloane Court Hotel ) at 17 Balmoral Road owned by Children of the late Chiam Heng, has been bought by Singapore-Listed Tiong Seng Limited in partnership with Ocean Sky International for redevelopment into a condo. The two storey 32 room building estimated to have been built in 1960, will be torn down to pave the way for construction of Sloane Residences. It was sold in one of the biggest en bloc sales with the Sloane Residences Price hitting S$80.5 million.