Spots at new school come at priceLocal | Kenneth Lau 15 Apr 2016
Parents need to fork out nearly HK$500,000 if they want to send their children to the new Christian Alliance International School opening next year.
The amount includes a HK$400,000 refundable one-off individual capital note. Parents can take their money back when their child leaves the school.
However, if they prefer to keep more cash in hand, they can opt to pay a non- refundable HK$25,000 capital levy every year.
The two-hectare campus is being constructed at Butterfly Valley in Lai Chi Kok at a cost of HK$1.2 billion.
In arriving at the annual fee levels for primary section (Grades 1-6) and secondary students (Grades 7-12), the school will take reference from its sister institution, Christian Alliance P C Lau Memorial International School, in Kowloon City, which currently charges HK$105,000 for primary and HK$135,000 for secondary students.
"The construction cost rose significantly in recent years ... but all the money will be used on students, as we are a nonprofit-making school," said Martin Lau Kwok-kit, who is in charge of the financial arrangements for the new campus, in explaining the individual capital note and capital levy policies.
He added the policies would ensure the liquidity of the capital as the construction work is still ongoing.
CAIS will admit 1,200 students for nursery, primary and secondary school sections. Although the new campus will not be officially launched until 2017, the admission process will start in July.
About 900 students will be transferred from the two existing CAIS campuses at Kowloon City and Lai Yiu Estate, Kwai Chung, to the new campus.
Total capacity will be gradually increased to 1,800 before 2022.
Some 200 places will be reserved for nursery school.
Nonlocal students will be allotted not less than 70 percent of the places, with local students taking up the rest.
CAIS will implement the Alberta curriculum from Canada and the Advanced Placement program from the United States, but the school's council chairman Clarence Chan Ka-yan said it is also looking into adding the International Baccalaureate Diploma Programme.
Phase one of the Lai Chi Kok campus will be completed in July next year, followed by a second gymnasium and a concert hall in 2019, and an indoor swimming pool in 2020.
"The campus will also be open to community usage when school is out," Chan said.