Expatriates who send their children to an international school here will pay more than $500,000 in school fees from Primary 1 to pre-university, according to a study by London-based Centre for Economics and Business (CEBR) Research.
The others were Malaysia, Thailand, Indonesia and Hong Kong. A child who starts at international school in Singapore today can expect to pay $528K over 12 years of schooling, from Primary 1 to pre-university.
The survey examined fees at international schools in popular places for British expats in Asia. But fees here are still cheaper than in Britain. Annual tuition fees at British private schools are 30 % higher.
Of the five Asian economies, international schools in Malaysia offered the lowest annual tuition fees.
Headhunters here said expats are still drawn to Singapore despite the high education costs. But expat salary packages have also changed considerably in the past 10 years.
While high education costs may deter potential candidates, there is a wide selection of schools available to expats, including more affordable ones.
According to the fees listed on the Ministry of Education’s website, an international student who starts at a local school next year, would pay only $108K over 12 years of schooling, one-fifth that at an international school.