New school to charge expat kids half the usual fees

Faced with having to fork out $100,000 a year to send his three children to international schools here, a serial entrepreneur decided to set up a cheaper option.

South African John Fearon, co-founder of tech venture builder Sugar Ventures, is starting up an international school that will charge just $15,000 a year, which is half of the average fee charged by top-end international schools in Singapore.

But the 38-year-old insists there will be no let-up in quality of teaching at Invictus Private School, which opens in August at 2, Bukit Merah Central, an office building. It has already been granted a licence by the Council for Private Education to start operations.