AN OLD house on a sprawling freehold site of about 25,680 sq ft along Wilkinson Road in District 15 is being sold for S$55.5 million. The price works out to S$2,161 per square foot on the land area, which agents say is the highest land rate fetched in District 15 for a landed housing plot of such a large size.

Such big plots are rare. The Wilkinson, Branksome and Goodman roads locale is one of the most sought-after areas for landed residential properties in District 15. “This is the Nassim Road of the east,” quipped Jack Tok of Knight Frank Property Network, who was not involved with the Wilkinson Road transaction.

Word on the street is that Realstar co-brokered the deal. When contacted, the boutique property agency’s founder William Wong declined to comment on his firm’s role but said: “A pricing of S$2,161 psf would be on par with that of bungalow sites in prime districts 10 and 11 (excluding Good Class Bungalow Areas)”.